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NEW QUESTION # 34
Which of the following is a reason why a subjects credit card statements can be useful in tracing investigations?
- A. Credit card statements provide insight into the subjects litigation history.
- B. Credit card statements show the source of the funds used to pay a credit card bill.
- C. Credit card statements can name people or companies with whom the subject conducts business.
- D. Credit card records can show signs of skimming.
Answer: C
NEW QUESTION # 35
Naveed, a fraud suspect, has decided to confess to Omar, a Certified Fraud Examiner (CFE). In obtaining a verbal confession from Naveed. Omar should obtain all of the following items of information EXCEPT:
- A. A statement from Naveed that his conduct was an accident
- B. A general estimate of the amount of money involved
- C. The approximate number of instances
- D. The location of any residual assets
Answer: A
Explanation:
When obtaining a verbal confession, the fraud examiner should secure details such as: admission of wrongdoing, number of instances, amount involved, dates, involvement of others, residual assets, and motive.
However, itdoes not matter whether the suspect claims the conduct was an accident; that is not necessary to record.
NEW QUESTION # 36
Elsa, a fraud examiner at ABC Corp., is interviewing Leah, a fraud suspect. Leah allegedly committed a fraud scheme that resulted in a loss of $200,000 for ABC. Elsa asks Leah directly whether she was involved in the fraud. Which of the following responses from Leah is MOST LIKELY an indication that she is being deceptive?
- A. "No, I did not commit fraud against ABC."
- B. "Why would I do something like that?"
- C. "I had no involvement with the scheme."
- D. "No, I have never stolen anything from ABC."
Answer: B
Explanation:
CFE interview guidance identifies verbal behaviors that often appear when an interviewee is being deceptive.
A strong indicator is answering with a question rather than providing a direct denial. When asked directly about misconduct, truthful respondents commonly give a straightforward "no" and may add clarifying facts.
Deceptive respondents sometimes deflect, buy time, or attempt to regain control by replying with a question such as, "Why would I do something like that?" This response avoids the substance of the allegation and shifts the burden back to the interviewer, potentially probing how much evidence the interviewer has. While Options A, B, and D are denials (and any denial could be untrue), the CFE materials specifically flag
"answering with a question" as a frequent deceptive tactic because it functions as diversion and can indicate discomfort with issuing a clear denial. Therefore, among the choices presented, Option C is most consistent with a deceptive verbal response pattern described in CFE interview methodology.
NEW QUESTION # 37
______________ can be detected by closely examining the documentation submitted with the cash receipts.
- A. Fictitious refunds
- B. None of the above
- C. Approved transaction
- D. Voided purchases
Answer: A
NEW QUESTION # 38
Why do fraud examiners perform analysis on unstructured, or textual, data?
- A. To categorize data to reveal patterns, sentiments, and relationships indicative of fraud
- B. To figure out whether someone is lying or telling the truth based on context duet
- C. To find an admission of fraud m an email or other communication that can be presented in court
- D. To determine whether the footnotes to the financial statements are fairly presented
Answer: A
Explanation:
TheFraud Examiners Manualexplains:
"Textual analytics is a method of using software to extract usable information from unstructured text data... it cancategorise data to reveal patterns, sentiments, and relationships indicative of fraud".
This is the key reason fraud examiners analyze textual/unstructured data.
NEW QUESTION # 39
Which of the following is the MOST ACCURATE statement concerning the volatility of digital evidence?
- A. If the integrity of digital evidence is violated, it can often be restored through a digital cleansing process
- B. Digital evidence is more volatile than tangible evidence because the rules of admissibility for digital evidence are stricter than such rules for tangible evidence.
- C. Digital evidence is more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.
- D. The failure to preserve the integrity of digital evidence could result in evidence being deemed inadmissible in a legal proceeding
Answer: D
Explanation:
"The failure to preserve the integrity of digital evidence could result in evidence being deemed inadmissible in a legal proceeding, or, even if admitted, it might not be given much weight because evidence of questionable authenticity does not provide reliable proof." Therefore,D is the most accurate statement.
NEW QUESTION # 40
Mary the payroll manager at Reed Co, suspects that there might be a ghost employee scheme occurring. She wants to ensure no two employees on the payroll have the same government Identification number. Which of the following data analysis functions would be most useful for this test?
- A. Duplicate search
- B. Correlation analysis
- C. Benford's Law analysis
- D. Linear regression
Answer: A
NEW QUESTION # 41
Which of the following is NOT one of the purposes of closing questions in a routine interview?
- A. To close the interview positively and maintain goodwill
- B. To reconfirm facts
- C. To reduce testimony to a signed written statement
- D. To gather additional facts
Answer: D
NEW QUESTION # 42
Gamma, a Certified Fraud Examiner (CFE>, was conducting an admission-seeking interview of Delta, a fraud suspect. Gamma tells Delta, "It isn't like you took something from a friend or neighbor I can see how you could say. 'Well, this would be okay as long as it is the company and not my coworkers.' Isn't that right?" This technique seeks to establish rationalization by:
- A. Developing revenge as a motive
- B. Depersonalizing the victim
- C. Reducing Delta's perception of the legal seriousness of the matter
- D. Convincing DDU that the incident had suffcinet justification
Answer: B
Explanation:
In admission-seeking interviews, one rationalization technique is todepersonalize the victim(e.g., shifting the perception so the harm was against a company, not individuals). The example in the question-"It isn't like you took something from a friend or neighbor"-is exactly this technique.
NEW QUESTION # 43
Mil
a. a Certified Fraud Examiner (CFE). needs to obtain court records and wants to be as sure as possible that the records are accurate In most countries, the most reliable way lo obtain these documents is to obtain them directly from the court authorities.
- A. False
- B. True
Answer: B
NEW QUESTION # 44
If an important witness becomes hostile and argumentative during an interview, the interviewer should generally.
- A. Refute the witness's arguments
- B. Try to reason with the witness
- C. Terminate the interview.
- D. Avoid reacting to the witness.
Answer: D
NEW QUESTION # 45
Which of the following is the MOST APPROPRIATE way to document information obtained from social media sites?
- A. Save links of the social media postings and pages in a web browser.
- B. Request a copy of the information from the social media platforms.
- C. Conduct a forensic shutdown of a computer to preserve the metadata from the social media sites and profiles visited.
- D. Download and preserve the information from the social media sites so that it can be established as authentic if used in court.
Answer: D
Explanation:
Social media content is dynamic-posts can be edited, deleted, or moved-so fraud examiners must preserve relevant information promptly and in a manner that supports authenticity and admissibility. CFE investigative guidance emphasizes that documentary (including digital) evidence carries limited value in legal proceedings unless it can be shown to be authentic and in substantially the same condition as when collected. Simply saving a link (Option A) is weak because the underlying content can change, and a link does not preserve what was actually observed. Requesting a copy from the platform (Option B) is often impractical as a routine step and may require legal process; it also does not replace contemporaneous preservation by the examiner. A
"forensic shutdown" (Option C) is not an appropriate method for preserving web-based social media content because the key evidence exists on external servers, not solely on the examiner's machine. Proper practice is to download/capture and preserve what was observed while documenting the collection steps and maintaining a defensible chain of custody so authenticity can be established if needed in court.
NEW QUESTION # 46
Which of the following would be MOST USEFUL m determining who created a specrfic document file?
- A. Internet activity data
- B. Operating system partition
- C. The system log
- D. The document's metadata
Answer: D
Explanation:
TheCFE Prep - Investigationsexplains:
* "Metadata is a type of computer-generated data that can be helpful in a fraud investigation. Metadata information can help determine who wrote a document; who received, opened, copied, edited, moved, or printed the document; and when these events occurred" .
Thus, metadata is the most useful for identifying who created a document.
NEW QUESTION # 47
Which of the following statements concerning a well-written fraud examination report is MOST ACCURATE?
- A. Signed copies of the fraud examiner's interview notes should be used to report interview details
- B. The report writer should avoid technical jargon where possible
- C. The report should convey all Information provided by witnesses
- D. Only relevant facts that support the fraud allegation should be included in the report
Answer: D
NEW QUESTION # 48
Anita is interviewing her client's employee, whom she suspects committed check fraud. During the interview. Anita asks if she can obtain account records from the suspect's bank If the suspect only gives Anita oral consent, the suspect's bank is required to allow Anita access to the suspect's account records.
- A. True
- B. False
Answer: B
NEW QUESTION # 49
Arnold, a Certified Fraud Examiner (CFE) for Integra Wealth, learns that Elizabeth, an accounts payable clerk, recently purchased an expensive ski boat Arnold also knows that Elizabeth recently purchased a vacation home on a nearby lake Arnold has sufficient predication to:
- A. Search Elizabeth's mobile phone for evidence of misconduct.
- B. Notify management of the possibility that Elizabeth has committed fraudulent acts
- C. Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk
- D. Accuse Elizabeth directly of having committed fraud
Answer: C
Explanation:
Explanation with Extracts= Predication requires sufficient circumstances to suggest fraud. TheCFE Prep Guideexplains:
* "Fraud examiners should not investigate beyond the available predication... There is insufficient predication to confront Wallace or to make any direct allegations about fraud, but Carter does have adequate predication to make discreet inquiries".Similarly, Arnold may discreetly inquire but not accuse or search property without further evidence.
NEW QUESTION # 50
Which of the following is TRUE of a well-written fraud examination report?
- A. Technical terms should be included whenever possible to convey professionalism.
- B. The report should discuss only the evidence that substantiates the fraud allegation
- C. All information provided by witnesses, regardless of relevance, should be included in the report.
- D. The details of witness interviews should be reported in a separate memorandum.
Answer: B
NEW QUESTION # 51
Which of the following is an example of a dosed question?
- A. 'How do you feel about your supervisor?"
C "How many years have you been with the company?' - B. "What are the dairy responsibilities for your current position''"
- C. "Why did you stay late at work that day?"
Answer: C
NEW QUESTION # 52
Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?
- A. A fraud examiner cannot be held liable for violating a user's privacy rights if they hack or break into areas of a social networking site designated as private because all social media Information is public
- B. the Privacy of Social Networks Treaty is a binding international treaty that makes it illegal for law enforcement to seek social media login credentials from users.
- C. Hacking or breaking into information on social media sites that is restricted as private could result in liability for fraud examiners due to violation of users privacy rights
- D. To access any user-posted information on social media sites fraud examinees must obtain some type of legal order from the Jurisdiction in which the user resides.
Answer: B
NEW QUESTION # 53
Smith, a Certified Fraud Examiner (CFE) for the Ajax Co.. observes Jones, an accounts payable clerk, driving an expensive sports car to work. Smith also has knowledge that Jones recently had extensive remodeling done on her residence. Smith has sufficient predication to:
- A. Search Jones's mobile phone for evidence of misconduct
- B. Conduct discreet inquiries into Jones's responsibilities as an accounts payable clerk
- C. Accuse Jones directly of having committed fraud.
- D. Notify management of the possibility that Jones has committed fraudulent acts.
Answer: D
NEW QUESTION # 54
Lisa a fraud examinee at a private company receives an anonymous call from a potential whistIeblower. The whistleblower s hesitant to reveal their identity but will do so if it can be kept fully confidential Which of the following statements is most accurate?
- A. Lisa should state that she will not be able to keep the whistleblower s identity confidential because all information must be disclosed to management
- B. Lisa should explain that she will try her best to keep the whisneblower's identity confidential
- C. Lisa may promise the whistieblower full confidentiality even if she knows net statement is untrue, because the lie is ultimately beneficial to her employer.
- D. Lisa may offer the whistleblower full confidentially because they are not a suspect.
Answer: B
NEW QUESTION # 55
Susan, a Certified Fraud Examiner (CFE). is conducting an ad mission-seeking interview of Beth, a fraud suspect. After Susan gave Beth a suitable rationalization for her conduct. Beth continued her denials, giving various alibis. Which of the following would be the LEAST EFFECTIVE technique for Susan to use in this situation?
- A. Displaying all the evidence she has against Beth at once
- B. Displaying evidence that specifically contradicts Beth's alibis
- C. Discussing the testimony of other witnesses
- D. Discussing some of Beth's prior deceptions
Answer: A
Explanation:
* "Alibis generally can be diffused by displaying physical evidence... evidence should be displayed one piece at a time, in reverse order of importance"#16:2014 International Fraud Examiners Manual.
pdf L11-L14#.
* The Prep Guide warns: "The proper technique is not to lay it all out at once" .
Thus, showing everything at once is theleast effective.
NEW QUESTION # 56
Amanda needs to know the location of the principal office and the date of incorporation of a company she is investigating. Which of the following would be the BEST source of this information?
- A. The contractual records of any real property owned by the corporation
- B. The comprehensive litigation file in the local court in the jurisdiction in which the company is headquartered
- C. The company's income tax filings
- D. The organizational filing with the government of the jurisdiction in which the company is incorporated
Answer: D
Explanation:
TheFraud Examiners Manualnotes:
* "Companies are formed by submitting some type of organisational filing... these company records are generally public records and will include: corporate name, ownership information, location of the principal office, date of incorporation".
* The Prep guide also confirms: "A company's organisational filing with the government generally includes information about the company's ownership, initial shareholders, and the location of its principal office".
NEW QUESTION # 57
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