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| Section | Weight | Objectives |
|---|
| Investigation | 25% | - Evidence Collection and Documentation
- 1. Types and sources of evidence
- 2. Documentation and chain of custody
- Conducting Fraud Investigations
- 1. Case management procedures
- 2. Investigation planning and methodology
- Tracing Illicit Transactions
- 1. Financial data analysis techniques
- 2. Asset tracing and recovery methods
- Interviewing Techniques
- 1. Behavioral indicators and statement analysis
- 2. Planning and conducting interviews
- Reporting Findings
- 1. Communication of findings to stakeholders
- 2. Investigation report structure
|
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ACFE Certified Fraud Examiner - Investigation Exam Sample Questions (Q95-Q100):
NEW QUESTION # 95
Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?
- A. A victim of fraud wants to facilitate the recovery of criminal proceeds
- B. An employer wants to know If an employee is falsifying regulatory reports.
- C. An entity needs to find hidden relationships In big data that otherwise would not be discovered
- D. An attorney wants to evaluate an experts financial report.
Answer: C
NEW QUESTION # 96
A law enforcement officer receives a reliable tip from an informant that a government employee is soliciting bribes in exchange for awarding contracts to the employee's agency. To investigate, the officer poses as a potential contractor and contacts the suspect employee about the possibility of getting a contract with the agency. During the conversation, the suspect demands a cash payment for the officer to be considered for upcoming contracts. If the suspect claims entrapment at trial, then which of the following is MOST LIKELY to occur?
- A. The suspect's claim will fail because the investigator is a law enforcement agent
- B. The suspect's claim will fail because the investigator had adequate predication
- C. The suspect's claim will succeed because the investigator lacked probable cause
- D. The suspect's claim will succeed because the investigator used deceit
Answer: B
Explanation:
CFE Prepclarifies entrapment:
"Entrapment occurs when law enforcement induces a person to commit a crime that he is not predisposed to commit... It is imperative that adequate predication exists before the operation is commenced. For example, if the officer received a reliable tip, that could serve as adequate predication." Here, the officer acted on a reliable tip, so the entrapment claim would fail.
NEW QUESTION # 97
When reporting the results of a fraud examination is best to include copies (not originals) of important documents in the formal report.
Answer: A
NEW QUESTION # 98
Which of the following is TRUE of a well-written fraud examination report?
- A. All information provided by witnesses, regardless of relevance, should be included in the report.
- B. The report should discuss only the evidence that substantiates the fraud allegation
- C. The details of witness interviews should be reported in a separate memorandum.
- D. Technical terms should be included whenever possible to convey professionalism.
Answer: B
NEW QUESTION # 99
Which of the following is NOT one of the main limitations of conducting a search for public records using online databases?
- A. Online records companies are difficult to find.
- B. Fraud examiners must validate the accuracy of the records obtained online
- C. The online record might only be a brief abstract of the original.
- D. Fraud examiners often must search for public records in multiple jurisdictions.
Answer: A
Explanation:
Limitations of online public record searches include:
* Need to search multiple jurisdictions.
* Records are often only abstracts.
* Information must be verified for accuracy.There isno mentionthat online record vendors are "difficult to find." In fact, many such vendors exist.
NEW QUESTION # 100
......
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