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ACFE Certified Fraud Examiner - Investigation Exam Sample Questions (Q122-Q127):
NEW QUESTION # 122
Marilyn a Certified Fraud Examiner (CFE) is reasonably sure that Shelly, her primary suspect committed the fraud in question. Before scheduling an admission-seeking interview with Shelly. Marllyn should be reasonably sure of all of the following EXCEPT.
- A. That the interview's subject matter can be controlled
- B. That the interview's time and location can be consoled
- C. That no other person was invoked in the fraud in question
- D. That all reasonable investigative steps have been taken
Answer: C
NEW QUESTION # 123
Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?
- A. An attorney wants to evaluate an expert's financial report
- B. An employer wants to know if an employee is falsifying regulatory reports
- C. A victim of fraud wants to facilitate the recovery of criminal proceeds.
- D. An entity needs to find hidden relationships in big data that otherwise would not be discovered.
Answer: C
NEW QUESTION # 124
Which of the following is usually considered the most useful source of financial information available to fraud examiners in tracing a subject's assets?
- A. Service bills
- B. Paystubs
- C. Credit card statements
- D. Financial institution records
Answer: D
Explanation:
TheFraud Examiners Manualstates:
"Records obtained from financial institutions are perhaps the single most important financial source available to a fraud examiner for tracing purposes".
These records reveal deposits, withdrawals, transfers, and are essential in asset tracing.
NEW QUESTION # 125
A fraud examiner is based in Mexico, a non-European Union (EU) country, and is collecting personal information from their company's human resources (HR) files about an employee based in Germany, an EU country. Based on these facts, the fraud examiner would need to comply with the EU"s General Data Protection Regulation (GDPR) when conducting their internal investigation.
- A. False
- B. True
Answer: B
NEW QUESTION # 126
Which of the following is a factor that fraud examiners should consider when determining whether to dispose of evidence following the conclusion of a fraud examination?
- A. Whether the information was presented by a lay witness or an expert witness
- B. Whether the evidence is direct or circumstantial
- C. Whether the evidence is documentary or testimonial
- D. Whether the organization has a general document retention policy in place
Answer: D
NEW QUESTION # 127
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