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1. Foster a Certified Fraud Examiner (CFE), needs to obtain a copy of a picture that a former employee of Friendly Interior an interior design studio posted on the company’s website three years ago. Unfortunately because the website has since been updated the picture is no longer available on the website.

Which of the following resources should Foster consult to find an earlier version of the Web page he needs?

The deep Web

The internet archives

The invisible Web

The Library of Congress

2. In response to an accusation made during an admission-seeking interview the subject Begins to voice a denial to the charge.

How should the interviewer react to the first indication of a sublets denial'

Remind the subject of the laws against perjury

Interrupt the denial by using a delaying tactic

Argue the point directly with the subject until a confession is obtained

Allow the subject to continue denying the charge

3. Which of the following is a method of tracing assets that would yield the best result when several of the subject's assets or liabilities have changed during the period under examination and the subject a financial records are not available?

Bank deposit method

Regression analysis

Net worth method

Benford’s Law analysis

4. A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:

Accomplice residence

Shell company

Perpetrator check

Cash generator

5. Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?

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.

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.

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

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

6. Blue, a Certified Fraud Examiner (CFE) was interviewing Green a fraud suspect Although Green had a strong memory when responding to questions involving insignificant events, he began asking Blue w repeat almost every question that addressed important facts.

If Green b Involved In the suspected misconduct he might be repeating the question to

Gain tine to frame Ns answer

Ensure he understood the question

Distrect Blue and change the subject

Test Blue's ability to ask consistent questions

7. When a fraud examiner is conducting an examination and is in the process of collecting.

documents the fraud examiner should:

A Wait until all documents have been collected before establishing a database

Organize all the documents obtained in chronological order

Avoid touching original documents any more than necessary

Make copies of originals and leave the originals where they were found

8. The most common method of detection in corruption cases is:

Internal audits

Internal controls

Tips

By accident

9. Which at the following should be done to prepare an organization for a formal fraud investigation?

Notify Ml managers about the investigation explaining why it is happening and who is involved

Notify key decision-makers when the investigation is about to begin

Send an email to all employees explaining the investigation's purpose

Inform the subject that they are under Investigation.

10. Thea is conducting a fraud examination for a company and suspects one of the company’s vendors (a one-person operation) of fraudulent biting. Thea wants to obtain a copy of the suspect individuals credit report and personal data from a third-party information broker. If Thea works In a jurisdiction that regulates the distribution of personal credit information she cannot obtain the suspects personal credit data under any circumstances.

True

False

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11. Which of the following is a reason why a subjects credit card statements can be useful in tracing investigations?

Credit card records can show signs of skimming.

Credit card statements provide insight into the subjects litigation history.

Credit card statements can name people or companies with whom the subject conducts business.

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

12. Beta a Certified Fraud Examiner (CFE), is conducting an admission-seeking interview of Gamma a fraud suspect Alter Beta gave Gamma an appropriate rationalization for his conduct Gamma continued his denials, giving various alibis. These alibis usually can be diffused by all of the following techniques EXCEPT.

Discussing Gamma's prior deceptions

Downplaying the strength of the evidence

Discussing the testimony of witnesses

Displaying physical evidence

13. Which of the following is an example of a dosed question?

"What are the dairy responsibilities for your current position''"

'How do you feel about your supervisor?"

"How many years have you been with the company?'

"Why did you stay late at work that day?"

14. A fraud examiner is based in Mexico, a non-European Union (EU) country and is collecting personal information from their company human resources (MR) files about an employee based in Germany an employee based country Based on these facts. The fraud examiner would need to comply with the EU’s General Data Protection Regulation (GDPR) when conducting their Internal investigation.

True

False

15. A fraud examiner believes that a suspect might have used illicit funds to construct a commercial building to fit a restaurant.

Which of the following records would be the MOST helpful in confirming the owner of the building?

Building permit records

Commercial filings

Voter registration records

Local court records

16. Which of the following is NOT one of the purposes of closing questions in a routine interview?

To close the interview positively and maintain goodwill

To gather additional facts

To reconfirm facts

To reduce testimony to a signed written statement

17. If your suspect is investing alleged illicit funds in items that will increase their net worth and you need to prove their illicit income circumstantially.

Which of the following methods of tracing assets would yield the best result?

The income method

The application of funds method

The expenditures method

The asset method

18. Bennett, a fraud examiner is performing textual analytics on journal entry data. He developed a list of fraud keywords to search for based on the three legs of the Fraud Triangle.

Which of the following fraud keywords found In the journal entry tern is the best indicator of pressure to commit fraud?

Temporary

Override

Deserve

Quota

19. Caroline a fraud examiner is conducting an admission-seeking interview with John an employee suspected of stealing cash.

Which of the following is the MOST effective phrasing for Caroline to use when posing an admission-seeking question to John?

''Why did you take the money?"

"Did you steal the money?''

Do you know who look the money?"

"What do you know about the stolen money'"

20. Which of the following is the most appropriate measure when seeking to avoid alerting suspected perpetrators who are under investigation?

Investigate during nonbusiness hours.

Disclose the investigation to all employees.

Terminate the suspected employee

Delay taking any action

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21. Delta, an Interviewer with little experience asks Sigma the respondent the following question. "Were you aware that the signature was forged and why didn't you tell anyone earlier?

This kind of question Is cased a______________ question.

Free narrative

Complex

Double-negative

Controlled answer

22. Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?

Financial institution records

Service bills

Credit card statements

Paystubs

23. Misty, a fraud investigator is interviewing Larry, who she suspects has been embezzling company funds.

Which of the following is NOT a recommended sequence in which Misty should ask Larry question?

Ask questions in random order to prevent Larry from knowing what question comes next

Ask questions seeking general information before seeking details

Stat with questions about known information and work toward unknown information

Start with general questions and move toward specific questions

24. Which of the following is NOT a common use of public sources of information?

Obtaining an individual’s credit records

Finding out about a person’s lifestyle

Developing background information on a subject

Corroborating or refuting witness statements

25. Marilyn a Certified Fraud Examiner (CFE) is reasonably sure that Shelly, her primary suspect committed the fraud in question. Before scheduling an admission-seeking interview with Shelly. Marllyn should be reasonably sure of all of the following EXCEPT.

That the interview's time and location can be consoled

That no other person was invoked in the fraud in question

That the interview's subject matter can be controlled

That all reasonable investigative steps have been taken

26. If the following statements were Included in a fraud examination report of a qualified expert, which of them would be IMPROPER?

the organization must address the inadequate segregation of accounting duties to prevent such an event from happening again.’’

The evidence shows that between S1 million and $1.5 million in assets were transferred to an offshore account".

"In light of all the evidence the suspect is most Italy guilty of fraud against the organization

''When asked s second lima about the amount of funds missing the suspect contradicted their previous testimony"

27. Which of the following is NOT true with regard to tracing the deposition of loan proceeds?

Tracing loan proceeds can Identify the presence of internal control weaknesses

Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts

Tracing loan proceeds can determine if hidden accounts were used for loan payments

Tracing loan proceeds can uncover previously hidden assets

28. Which of the following types of information would LEAST likely be found when searching external sources without the subject’s consent or a legal order?

A subjects employee personnel file

A witness s address

A competitor's ownership information

Assets owned by a subject

29. 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?

Benford's Law analysis

Linear regression

Duplicate search

Correlation analysis

30. Which of the following is INCORRECT with regard to locating individuals using online records?

Before engaging in a search, the fraud examiner should know the most powerful and useful types of searches.

If an individual has moved, obtaining a past address is usually of no help

Online records are very useful in locating subjects whose whereabouts are unknown

Obtaining a past address of the subject should be the first step in trying to locate a subject using online records.

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31. 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 sources would most likely contain these items of Information?

The company's income tax filings

The organizational fling with the government of the jurisdiction in which the company is incorporated

The contractual records of any real properly owned by the corporation

The comprehensive litigation fie in the local court in the jurisdiction in which the company is headquartered

32. Why do fraud examiners perform analysis on unstructured or textual data?

To categorize data to reveal patterns sentiments and relationships indicative of fraud

To find an admission of fraud in an email or other communication that can be presented m court

To figure out whether someone is tying or telling the truth based on context dues

To determine whether the footnotes to the financial statements are fatly presented

33. Which at the following is the most accurate statement about fraud response plans?

A fraud response plan should specify how every fraud examination should be conducted regardless of the type of fraud

A fraud response plan should be complex and extremely detailed to most effectively protect against fraud

A fraud response plan should create an environment to maximize risk and minimize the potential for success

A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen

34. Which of the following is a common characteristic that asset hiders look for in the financial vehicles they use to conceal their assets?

Traceability

Liquidity

Transparency

Inaccessibility

35. Which of the following is the MOST ACCURATE statement concerning the volatility, of digital evidence?

Digital evidence a more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.

Digital evidence is more volatile than tangible evidence because digital data can be altered or destroyed more easily than tangible information

The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal proceeding

If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs

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