Certified Fraud Examiner - Investigation Free Sample Questions

Jackson, a Certified Fraud Examiner (CFE), is analyzing Elm Company’s accounts payable data to identify anomalies that might indicate fraud. Which of the following is the MOST EFFECTIVE data analysis function that Jackson could use to look for potential fraud in accounts payable? A.Compare book and tax depreciation and indicate variancesB.Identify paycheck amounts over a certain limitC.Summarize large invoices by amount and vendorD.All of the above

Which of the following BEST describes the data analytics approach known as predictive analytics? A.The configuration of a business program to emulate and integrate the actions of a human to execute certain business processes, thus increasing efficiency and automating repetitive manual tasksB.The use of historical data, along with analyses, statistics, and machine learning components, to build a mathematical model that captures important trends and creates a quantitative forecastC.The use of layered artificial neural networks to accommodate more data and more sophisticated algorithms to identify complex patterns.D.The employment of a learning algorithm that identifies similarities, patterns, or anomalies within a data set on its own without human involvement.

Jade, a Certified Fraud Examiner (CFE), is conducting an internal investigation in which an employee is suspected of stealing inventory and selling it through a possible shell company called Hidden Finds, LLC. When Jade tries to check Hidden Finds’ website, a message appears that redirects customers to a web address that ends with .onion. To view the website’s consent, Jade will need to install a specialized web browser that enables her to access which of the following? A.The internet archivesB.The dark webC.The free webD.The deep archives

Which of the following is NOT a common use of public sources of information? A.Corroborating or refuting witness statementsB.Obtaining background information on individualsC.Locating people and their assetsD.Searching an individual’s income tax fillings