CFE-Investigation Free Practice Test

______ can be detected by closely examining the documentation submitted with the cash receipts.

1. A. Voided purchases
2. B. Fictitious refunds
3. C. Approved transaction
4. D. None of the above

Correct Answer: B

Arnold a Certified Fraud Examiner (CFF) for Integra Wealth, learns that Elizabeth an accounts payable clerk, recently purchased an expensive ski boat. Arnold also knows that Elizabeth recently purchased a vacation home on a nearby lake Arnold has sufficient predication to:

1. A. Conduct discreet inquiries into Elizabeth’s responsibilities as an accounts payable clerk.
2. B. Accuse Elizabeth directly of having committed fraud
3. C. Notify management of that Elizabeth has committed fraudulent acts.
4. D. Search Elizabeth's mobile phone for evidence of misconduct

Correct Answer: A

Which of the following questions would be most effective when starting the calibration process during an interview?

1. A. 'Do you know who might have defrauded the company?'
2. B. 'How many jobs have you had before this one?'
3. C. "Do you know what the punishment is for violations like this?"
4. D. Did you commit any misconduct against the company?"

Correct Answer: C

Talia has been hired by SBS Inc, to implement a new data analysis program to search for warning signs of potential fraud within the company. Which of the following steps should Talia conduct first to most effectively use data analysis techniques for such an initiative?

1. A. Build a profile of potential frauds.
2. B. Monitor the data.
3. C. Cleanse and normalize the data.
4. D. Identify the relevant data

Correct Answer: A

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

1. A. Review the case Be to ensure that they have not overlooked Important information
2. B. Consider what the interview is intended to accomplish and state an objective.
3. C. Prepare a brief outline of key points to discuss during the interview
4. D. Ensure that the Interview is held in venue where the subject will feel uncomfortable

Correct Answer: C