ACFE CFE-Investigation Quiz 9 Topic 3 Questions 41-45

Question: 1

Barnes a Certified Fraud Examiner (CFE) is using data analysis to identity anomalies that might indicate fraud In XYZ Company's accounts payable transactions. Which of the following is the most effective data analysis function that Barnes could use to look for potential fraud in accounts payable?

AIdentify paycheck amounts over a certain limit

BReview recurring monthly expenses and compare to posted/paid invoices

CCompare book and tax deprecation and indicate variances

DAl of the above

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Question: 2

Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?

AFinancial institution records

BService bills

CCredit card statements

DPaystubs

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Question: 3

Which at the following should be done to prepare an organization for a formal fraud investigation?

ANotify Ml managers about the investigation explaining why it is happening and who is involved

BNotify key decision-makers when the investigation is about to begin

CSend an email to all employees explaining the investigation's purpose

DInform the subject that they are under Investigation.

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Question: 4

Which of the following is an example of a dosed question?

A'What are the dairy responsibilities for your current position'''

B'How do you feel about your supervisor?'
C 'How many years have you been with the company?'

C'Why did you stay late at work that day?'

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Question: 5

If your suspect is investing alleged illicit funds in items that will increase their net worth and you need to prove their illicit income circumstantially. which of the following methods of tracing assets would yield the best result?

AThe income method

BThe application of funds method

CThe expenditures method

DThe asset method

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ACFE CFE-Investigation Quiz:9 Topic:3 Questions:41-45