Question 1

Management at First Choice Inc. suspects that Nathan, its chief financial officer (CFO), has been embezzling funds. It hires Rein

a. a Certified Fraud Examiner (CFE), to investigate the matter When conducting the fraud examination. Reina should proceed as though;

Options :

A : After Nathan is terminated, the case will end

B : The case will end in litigation.

C : Nathan is guilty

D : The matter will be resolved completely internally.

Answer: B

Question 2

When planning for the interview phase of an investigation, which of the following steps should NOT be taken by the fraud examiner?

Options :

A : Consider what the interview is intended to accomplish and state an objective.

B : Review the case file to ensure that important information has not been overlooked

C : Prepare a detailed list of questions to ask the subject during the interview.

D : Ensure that the interview is held in a venue where the subject will feel Uncomfortable

Answer: D

Question 3

Which of the following statements about the process of obtaining a verbal confession is NOT true?

Options :

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

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

C : If the subject lies about an aspect of the offense in the process of confessing, it is best to proceed initially as if the falsehood has been accepted as truth.

D : The three general approaches to obtaining a verbal confession are chronologically, by transaction, or by event.

Answer: D

Question 4

Tony, a fraud examiner, believes that vendors might be submitting multiple invoices for the same sales with the hope that they will be paid more than once. He wants to ensure that no two invoices in the system have the same number. Which of the Mowing data analysis functions would be most useful for this test?

Options :

A : Duplicate search

B : Benford-s Law analysis

C : Correlation analysis

D : Linear regression

Answer: A

Question 5

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

Options :

A : Before engaging in a search the fraud examine' should know the mod powerful and useful '>Des of searches

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

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

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

Answer: B