CFE- INVESTIGATION
EXAM | 147
QUESTIONS | WITH
CORRECTLY SOLVED
SOLUTIONS!!
CFEI
Evatee 10/21/24 CFEI
,CFE- INVESTIGATION EXAM | 147 QUESTIONS
| WITH CORRECTLY SOLVED SOLUTIONS!!
System log Answer - System logs record events executed on an operating
system, including miscellaneous events and those generated during system
startup, like hardware and controller failures. Common types of system events
include starting up and shutting down, configuration updates, and system
crashes
Open questions Answer - Open questions are those worded in a way that
makes it difficult for the respondent to answer "yes" or "no." Also, the answer
to an open question is not dependent on the question. The typical open
question calls for a monologue response, and it can be answered in several
different ways.
Why would a fraud examiner perform duplicate testing on data? Answer - To
identify transactions with matching values in the same field: This technique can
quickly review the file, or several files joined together, to highlight duplicate
values of key fields. In many systems, the key fields should contain only unique
values (no duplicate records).
An admission-seeking interview is specifically designed to: Answer - Obtain a
legal admission of wrongdoing; The admission-seeking interview is designed to
obtain a legal admission of wrongdoing. It also serves various other purposes.
For example, it seeks to clear an innocent person and encourage a culpable
person to confess. A culpable individual usually confesses during the
admission-seeking phase of an interview, while an innocent person does not do
so unless threats or coercion are used. Also, the interviewer will seek to obtain
a valid confession. And finally, admission-seeking interviews are designed to
convince the confessor to sign a written statement acknowledging the facts.
,Which of the following is LEAST likely to be revealed by analyzing a subject's
electronic payment records? Answer - If the subject is skimming employer
funds
Electronic payments (or e-payments) refer to any type of noncash payment
that does not involve a paper check. Electronic payment records can reveal,
among other things: Answer - Assets the subject has purchased
The locations of the subject's assets (e.g., through the payment of real estate
taxes, broker's fees, or utility payments)
The locations of the subject's residences and businesses (e.g., through
analyzing the payments of utility bills)
Loans the subject has obtained (e.g., through analyzing loan payments)
Payments made to nonexistent employees with direct deposit
The cities and countries in which the subject conducts business (e.g., through
analyzing the payments for carrier services to deliver packages)
Assets ostensibly owned by family members or close associates but effectively
controlled, held, or gifted by the subject
Hotel payments
The true owner of a property (e.g., through analyzing the mortgage payments
and payments for home owner insurance)
Textual analytics Answer - is a method of using software to extract usable
information from unstructured data.
Which of the following is the most appropriate example of an alternative
question?
A. "Did you deliberately plan this, or did it just happen?" CORRECT
B. "Did you, or did you not, commit this crime?"
C. "How else might this situation be explained?" INCORRECT
, D. "Will you repay the money now or later?" Answer - A. "Did you deliberately
plan this, or did it just happen?"
The alternative question forces the accused to make one of two choices, both
of which imply guilt. One alternative provides the accused with a morally
acceptable reason for the misdeed; the other portrays the accused negatively.
Regardless of which answer the accused chooses, he is acknowledging guilt.
Which of the following is NOT a purpose of the follow-up/recommendations
section of a written fraud examination report? Answer - To calculate the
amount of loss caused by any misconduct identified during the investigation
Liam, a Certified Fraud Examiner, is attempting to get a fraud suspect to admit
guilt. Liam should: Answer - 1.)Show the suspect incriminating evidence
2.)Give the suspect an excuse for his behavior
3.) Directly accuse the suspect
Which of the following best describes the primary purpose of the U.S. Right to
Financial Privacy Act? Answer - To prohibit financial institutions from disclosing
financial information about individual customers to governmental agencies
without consent or a judicial order
In admission-seeking interviews, an innocent person often reacts differently to
the initial accusation than a culpable person. Which of the following reactions
to the initial accusation is common to an innocent person? Answer - Strong
denials--
innocent people sometimes react with genuine shock at being accused. It is not
at all unusual for an innocent person, wrongfully accused, to react with anger.
In contrast to the guilty person, the typical innocent person will strongly deny
committing the act or acts in question.
EXAM | 147
QUESTIONS | WITH
CORRECTLY SOLVED
SOLUTIONS!!
CFEI
Evatee 10/21/24 CFEI
,CFE- INVESTIGATION EXAM | 147 QUESTIONS
| WITH CORRECTLY SOLVED SOLUTIONS!!
System log Answer - System logs record events executed on an operating
system, including miscellaneous events and those generated during system
startup, like hardware and controller failures. Common types of system events
include starting up and shutting down, configuration updates, and system
crashes
Open questions Answer - Open questions are those worded in a way that
makes it difficult for the respondent to answer "yes" or "no." Also, the answer
to an open question is not dependent on the question. The typical open
question calls for a monologue response, and it can be answered in several
different ways.
Why would a fraud examiner perform duplicate testing on data? Answer - To
identify transactions with matching values in the same field: This technique can
quickly review the file, or several files joined together, to highlight duplicate
values of key fields. In many systems, the key fields should contain only unique
values (no duplicate records).
An admission-seeking interview is specifically designed to: Answer - Obtain a
legal admission of wrongdoing; The admission-seeking interview is designed to
obtain a legal admission of wrongdoing. It also serves various other purposes.
For example, it seeks to clear an innocent person and encourage a culpable
person to confess. A culpable individual usually confesses during the
admission-seeking phase of an interview, while an innocent person does not do
so unless threats or coercion are used. Also, the interviewer will seek to obtain
a valid confession. And finally, admission-seeking interviews are designed to
convince the confessor to sign a written statement acknowledging the facts.
,Which of the following is LEAST likely to be revealed by analyzing a subject's
electronic payment records? Answer - If the subject is skimming employer
funds
Electronic payments (or e-payments) refer to any type of noncash payment
that does not involve a paper check. Electronic payment records can reveal,
among other things: Answer - Assets the subject has purchased
The locations of the subject's assets (e.g., through the payment of real estate
taxes, broker's fees, or utility payments)
The locations of the subject's residences and businesses (e.g., through
analyzing the payments of utility bills)
Loans the subject has obtained (e.g., through analyzing loan payments)
Payments made to nonexistent employees with direct deposit
The cities and countries in which the subject conducts business (e.g., through
analyzing the payments for carrier services to deliver packages)
Assets ostensibly owned by family members or close associates but effectively
controlled, held, or gifted by the subject
Hotel payments
The true owner of a property (e.g., through analyzing the mortgage payments
and payments for home owner insurance)
Textual analytics Answer - is a method of using software to extract usable
information from unstructured data.
Which of the following is the most appropriate example of an alternative
question?
A. "Did you deliberately plan this, or did it just happen?" CORRECT
B. "Did you, or did you not, commit this crime?"
C. "How else might this situation be explained?" INCORRECT
, D. "Will you repay the money now or later?" Answer - A. "Did you deliberately
plan this, or did it just happen?"
The alternative question forces the accused to make one of two choices, both
of which imply guilt. One alternative provides the accused with a morally
acceptable reason for the misdeed; the other portrays the accused negatively.
Regardless of which answer the accused chooses, he is acknowledging guilt.
Which of the following is NOT a purpose of the follow-up/recommendations
section of a written fraud examination report? Answer - To calculate the
amount of loss caused by any misconduct identified during the investigation
Liam, a Certified Fraud Examiner, is attempting to get a fraud suspect to admit
guilt. Liam should: Answer - 1.)Show the suspect incriminating evidence
2.)Give the suspect an excuse for his behavior
3.) Directly accuse the suspect
Which of the following best describes the primary purpose of the U.S. Right to
Financial Privacy Act? Answer - To prohibit financial institutions from disclosing
financial information about individual customers to governmental agencies
without consent or a judicial order
In admission-seeking interviews, an innocent person often reacts differently to
the initial accusation than a culpable person. Which of the following reactions
to the initial accusation is common to an innocent person? Answer - Strong
denials--
innocent people sometimes react with genuine shock at being accused. It is not
at all unusual for an innocent person, wrongfully accused, to react with anger.
In contrast to the guilty person, the typical innocent person will strongly deny
committing the act or acts in question.
