CFE-Investigation Certified Fraud Examiner (CFE) - Investigation Questions and Answers

The configuration of a business program to emulate and Integrate the actions of a human to execute certain business processes, thus increasing efficiency and automating repetitive manual tasks

The use of historical data, along with analyses, statistics, and machine learning components, to build a mathematical model that captures important trends and creates a quantitative forecast

The employment of computer systems to perform human-like tasks such as visual perception and decision-making

The use of layered artificial neural networks to accommodate more data and more sophisticated algorithms to identify complex patterns

True

False

Counter the denial by arguing with George until further denials are futile

Use a delaying tactic to interrupt the denial

Remind George he has to tell the truth or face perjury.

Allow George to continue denying the charge.

That all reasonable investigative steps have been taken

That the interview's time and location can be controlled

That no other person was involved in the fraud in question

That the interview's subject matter can be controlled

Explain that the respondent will be subject to discipline if they do not participate

Stress that the interview will be short.

Caution the witness that avoidance of the interview will be considered suspicious.

Inquire about a more convenient time

"Has the defendant been previously arrested for allegedly committing a white-collar crime?"

"Does the defendant have sufficient property or money to satisfy a money judgment?"

"Is there a relevant statute of limitations?"

"Is the suspect guilty of the fraudulent act?"

Duplicate search

Benford's Law analysis

Correlation analysis

Linear regression

The institution's branch addresses

The institution's licenses or certifications

The institution's tax statements

The institution's client loan profiles

The only acceptable approaches to obtaining a verbal confession are chronologically or by transaction

The transition from the accusation to the confession should occur when the accused supplies the first detailed information about the offense.

If the subject lies about an aspect of the offense in the process of confessing, it is best to correct the records immediately before proceeding

Fraudsters tend to overestimate the amount of funds involved in the offense to relieve themselves of the guilt of their dishonest actions.

Writs down a detailed list of questions in advance

Avoid bringing any notes with him to the interview

Write down key points to go over with the respondent

Take only the documents he wishes to go over

Discourage Plum from showing any emotion.

Remain silent until Plum makes a confession.

Insist that Plum sit up straight in her chair

Continue to display evidence that implicates Plum

To access any user-posted information on social media sites, fraud examiners must obtain some type of legal order from the jurisdiction in which the user resides.

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.

The Privacy of Social Networks Treaty is a binding international treaty that makes it illegal for law enforcement to seek social media log-in credentials from users.

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.

When civil litigation has commenced, a party often may obtain a subpoena or legal order for an individual's relevant bank records.

A fraud examiner can request a business's bank records even if the business is not legally obligated to comply.

An audit clause can be designed to allow a party to inspect the books of a business partner or vendor.

During the government's criminal investigation, a fraud examiner not employed by the government has a right to access relevant documents that the government has obtained.

Commercial filings

Civil litigation records

Organizational filings

Regulatory securities records

Shane should conduct a forensic shutdown of his computer to preserve the metadata in the social networking sites.

Shane should preserve the information from the social networking sites so that it can be established as authentic if used in court.

Shane should email himself the links of the postings so that he can retrieve them later.

Shane should preserve the information by saving the links of the postings in his 'bookmarks"

Is feeling bored by the interview process

Is being deceptive

Does not know the answers to Steve's questions

Is telling the truth

Terminate the suspected employee.

Delay taking any action.

Investigate during nonbusiness hours.

Disclose the investigation to all employees

The suspect's claim will succeed because the investigator used deceit

The suspect's claim will succeed because the investigator lacked probable cause

The suspect's claim will fail because the investigator had adequate predication

The suspect's claim will fail because the investigator is a law enforcement agent

The interpretation of an interview subject's reactions requires specific skills on the part of the interviewer.

The observation of a subjects body language is often just as important as the observation of the words used by the subject.

Emotive words should be used early in the interview to observe the respondents emotional reaction.

To effectively observe reactions, an interviewer should move from less sensitive to more sensitive questions as the interview progresses.

Notify management of the possibility that Elizabeth has committed fraudulent acts

Search Elizabeth's mobile phone for evidence of misconduct.

Accuse Elizabeth directly of having committed fraud

Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk

The name of the receiving institution's registered agent

The recipient's government identification number

The name of the sender or originator

The sending institution's accreditation type

Credit card records can provide leads to help identify a subjects hidden assets

Credit card records can show signs that the subject has skimmed funds.

Credit card statements show the source of the funds used to pay a credit card bill.

Credit card statements provide insight into the subject's litigation history