Go to CFE-Fraud-Investigations-and-Legal-Issues Questions – Try CFE-Fraud-Investigations-and-Legal-Issues dumps pdf [Q94-Q116]

Q94. While performing due diligence on a potential vendor, a company finds the vendor’s name on a government list. The list states that the vendor is prohibited from bidding on government contracts for three years. Which type of administrative penalty was imposed against the vendor?

Delisting

License suspension

Debarment

License revocation

Q95. Which of the following is TRUE of a follow-up/recommendations section in a written fraud examination report?

A follow-up recommendations section is a required part of every written fraud examination report

A follow-up/recommendations section calculates the amount of fraud-related loss sustained by the organization

A follow-up/recommendations section should state remedial measures for the organization to undertake

All of the above

Q96. Ellis works for a business that filed for bankruptcy. The administrator presiding over the bankruptcy contacts Ellis and requests information regarding his employer ‘ s financial affairs Assuming the administrator has all of the powers recommended in the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles) which of the following is TRUE?

The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.

The administrator has no power to obtain the information under any circumstances

The administrator may compel Ellis to provide the information despite Ellis ‘ s relationship to the business

The administrator may not obtain the information unless the business agrees in writing

Q97. Which of the following is NOT an element that must be proven to establish a penury offense?

The defendant made a false statement that was material

The defendant made a false statement white under oath.

The defendant made the statement with knowledge of its falsity

The defendant made a false statement in a court of law.

Q98. Which of the following statements concerning access to nonpublic records is MOST ACCURATE?

Once a criminal case is filed, all records obtained by the government are considered public records

Nonpublic records cannot be obtained by subpoena or legal order in a civil action

In most junsdictions. banks are allowed to turn over a suspect ‘ s account information directly to a fraud victim when there is adequate evidence of wrongdoing.

The government usually will not share nonpublic records with a fraud victim during an investigation into the underlying fraud.

Q99. Which of the following statements is MOST ACCURATE regarding how a fraud examiner should prepare for an interview with a subject from a different jurisdiction?

Failing to observe cultural norms is not a concern if the interviewer is from a different country than the interviewee.

Consulting with legal counsel is only necessary when an investigation spans multiple

A fraud examiner should find out whether the interviewee can insist upon the presence of a legal representative

A fraud examiner does not need to research cultural considerations such as appropriate greetings and eye contact.

Q100. Allison, a Certified Fraud Examiner (CFE). is investigating a potential procurement fraud scheme. While interviewing a subject, she asks. ” Why did you choose to do business with that vendor? ” This can BEST be described as a(n):

Open question

Complex question

Leading question

Closed question

Q101. Which of the following statements describes a challenge of cloud computing that complicates the collection of data during a digital forensic investigation?

There is a lack of data control in cloud computing.

There is insufficient bandwidth for downloading files from the cloud on most systems.

There is a lack of prosecutorial interest in cloud computing.

There are no legal orders that extend to cloud services, making data difficult to access.

Q102. Lorna is an employee at Victorian Inc., a private company in a jurisdiction in which the public has the legal right to be free from unreasonable search and seizure by government authorities. Management suspects that Lorna is misappropriating funds from the company, so it instructs Charlie, an investigator employed by Victorian, to search Lorna’s company-issued laptop. Charlie finds incriminating evidence on Lorna’s laptop and gives it to law enforcement. However, by failing to obtain a search warrant before conducting his search, Charlie violated Lorna’s rights.

True

False

Q103. Leslie, a business owner, submits tax information regarding her company ‘ s finances to her country ‘ s taxing authority. The taxing authority allows companies to subtract the cost of production from their gross sales to determine the taxable income. To reduce her tax liability, Leslie inflates the costs of production on her tax forms. Which of the following schemes has Leslie MOST LIKELY committed?

A value-added tax evasion scheme

A falsified tax deduction scheme

A sales tax scheme

A tax credit evasion scheme

Q104. Grant, a fraud examiner is investigating Beatrice for embezzlement on his employer ‘ s behalf. During his investigation. Grant learns that Beatrice has cheated on her spouse and he tells several of Beatrice ‘ s coworkers about it Beatrice discovers that Grant revealed the unflattering (albeit true) information about her and decides to file a claim of defamation against Grant. Which of the following is the BEST explanation of why Beatrice will not win her defamation case?

The information was true

The communications to the subject ‘ s coworkers were privileged

The news was not communicated to enough people

The statement was not printed and distributed

Q105. Which of the following statements concerning fact finders in criminal trials in civil law jurisdictions is MOST ACCURATE?

Although a judge typically serves as the fact finder, some jurisdictions allow jury panels of laypersons and judges to serve as fact finder.

Although a jury typically serves as the fact finder, a judge may serve as the fact finder in cases that are considered to be of a less serious nature.

A judge serves as the fact finder in all criminal cases that go to trial, regardless of the jurisdiction.

A jury serves as the fact finder in all criminal cases that go to trial, regardless of the jurisdiction.

Q106. Which of the following statements would be IMPROPER if included in the fraud examination report of a Certified Fraud Examiner (CFE) who is also qualified as an accounting expert?

” The company ‘ s internal controls were wholly inadequate to prevent this type of violation and should be remediated at the earliest possible time. “

” The evidence shows that expenses in excess of $5 million were omitted from the company ‘ s financial statements “

” Based on statements the suspect made to me. it is my assessment that the suspect has a dishonest disposition. “

” From my examination, it appears that the company ‘ s financial statements were not presented in accordance with generally accepted accounting principles “

Q107. Which of the following statements concerning examinations of expert witnesses in most inquisitorial jurisdictions is accurate?

The expert has the discretion to determine the scope of the examinations

The judge is not allowed to question the expert ‘ s credibility under any circumstance

The parties determine the extent of consideration to be given to the expert ‘ s testimony

The parties are often allowed to question the expert ‘ s methods and analysis

Q108. Gunn, a Certified Fraud Examiner (CFE). was hired to trace Kelly ‘ s financial transactions. During his investigation. Gunn obtains records of electronic payments that Kelly made during the past three years. Which of the following are these records MOST LIKELY to reveal?

If Kelly has been skimming funds

The cities and countries in which Kelly conducts business

The division and distribution of Kelly ‘ s assets

The market value of any real property Kelly owns

Q109. Which of the following sources of information is usually considered to be the MOST IMPORTANT in tracing a subject ‘ s assets?

Credit card statements

PaystuDs

Surveillance footage

Financial institution records

Q110. Which of the following statements is MOST ACCURATE regarding covert operations?

Covert operations rarely result in irreparable damage to an investigation, even when an investigator fails to plan properly or take appropriate precautions.

Although covert operations can be beneficial to an investigation, mistakes made during the investigation can result in physical harm to the investigator.

Most jurisdictions provide protections for investigators conducting covert operations so that they do not incur reputational, financial, or legal consequences.

For best results, fraud examiners should conduct covert operations at the same time that they are pursuing conventional methods of gathering evidence.

Q111. Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?

An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates

In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactions

An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdiction

In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate

Q112. Which of the following is the MOST ACCURATE statement about how fraud examiners shook! approach fraud examinations?

Fraud examinations should begin with general information that is known, starting at the periphery, and then move to the more specific details.

When conducting fraud examinations, fraud examiners should adhere to the means-and-ends approach

When conducting fraud examinations, fraud examiners should operate under the assumption that the subjects are guilty

In most examinations, fraud examiners should interview those who are more involved in the matters at issue before interviewing those who are less involved.

Q113. Which of the following is the MOST ACCURATE statement about the circumstances under which a conflict of interest claim would be actionable against an agent?

The agent must have purported to act on behalf of or as an agent for an identified principal

The agent must have had an undisclosed interest m a matter that could influence their professional role

The agent must have informed the principal of their actions

The agent must have been authorized by someone with actual authority to carry out the transaction at issue

Q114. Which of the following statements about the process of obtaining a verbal confession is NOT true?

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

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

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.

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

Q115. Which of the following questions would be MOST EFFECTIVE when establishing a baseline during an interview?

” Do you know who had access to the file? “

” Are you familiar with the company ‘ s policies regarding ethics? “

” Have you committed any misconduct against the company? “

” How long have you been in this department? “

Q116. A custodial arrest occurs when a law enforcement officer informs the suspect of their rights as a criminal defendant

True

False

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