Question 1

In a written fraud examination report, the fraud examiner's conclusions about how the fraud occurred should be explicitly stated.

Accepted Answer

A) True 
 B)False

Question 2

A company may need to undertake an internal investigation into alleged employee fraud for which of the following reasons?

Accepted Answer

A)  To mitigate the company's vicarious liability for the wrongful conduct 
B)  To determine the source and amount of loss 
C)  To guard against wrongful termination accusations 
D)  All of the above 
A)  To mitigate the company's vicarious liability for the wrongful conduct 
B)  To determine the source and amount of loss 
C)  To guard against wrongful termination accusations 
D)  All of the above

Question 3

Jackson, CFE, is investigating a suspected embezzlement by one of XYZ Corp.'s employees. As part of this investigation, she is assembling a financial profile of the suspect. Among other things, she wants to know if the suspect has made any significant real estate purchases since the embezzlement scheme began. Information on real estate transactions such as deeds, grants, transfers, and mortgages is located:

Accepted Answer

A)  With the county recorder 
B)  With the state tax assessor 
C)  With the secretary of state 
D)  With the U.S. Department of Land Management 
A)  With the county recorder 
B)  With the state tax assessor 
C)  With the secretary of state 
D)  With the U.S. Department of Land Management

Question 4

In which section of the standard fraud examination report should the investigator discuss the identity and background information obtained about the individuals implicated in the matter under investigation?

Accepted Answer

A)  Summary 
B)  Introduction 
C)  Body 
D)  Results 
A)  Summary 
B)  Introduction 
C)  Body 
D)  Results

Question 5

_____________ involves obtaining information through the use of falsehoods or deception.

Accepted Answer

A)  Pretexting 
B)  Subject manipulation 
C)  Forensic investigation 
D)  Surveillance 
A)  Pretexting 
B)  Subject manipulation 
C)  Forensic investigation 
D)  Surveillance

Question 6

Of the following, which is the preferred method of organizing documentary evidence?

Accepted Answer

A)  Chronological order 
B)  Alphabetical order 
C)  By witness 
D)  Order received 
A)  Chronological order 
B)  Alphabetical order 
C)  By witness 
D)  Order received

Question 7

Able is a fraud examiner who works for XYZ, a private company. While investigating an allegation of employee embezzlement, Able calls Baker, a suspected co-conspirator, and pretends to be a member of the local police force. Able tells Baker that if he turns over his financial records to Able, that he will be provided immunity from prosecution. Is Able's use of impersonation in this situation legally acceptable?

Accepted Answer

A)  Yes 
B)  No 
A)  Yes 
B)  No

Question 8

Fraud examinations conclude with:

Accepted Answer

A)  A conviction of the guilty party 
B)  A report of the investigation findings 
C)  A confession from the suspect 
D)  An opinion on the guilt or innocence of the implicated party 
A)  A conviction of the guilty party 
B)  A report of the investigation findings 
C)  A confession from the suspect 
D)  An opinion on the guilt or innocence of the implicated party

Question 9

The failure to adequately investigate an allegation of employee fraud may be a violation of legal and regulatory requirements.

Accepted Answer

A) True 
 B)False

Question 10

In most cases, which of the following parties should be primarily responsible for directing a fraud examination?

Accepted Answer

A)  The external auditors 
B)  The head of the security department 
C)  The company's legal counsel 
D)  The human resources manager 
A)  The external auditors 
B)  The head of the security department 
C)  The company's legal counsel 
D)  The human resources manager

Question 11

Which of the following statements is true regarding the use of undercover operations as part of a fraud examination?

Accepted Answer

A)  Undercover operations are never legal and should not be used in fraud examinations. 
B)  Undercover operations should be used only if there is sufficient probable cause that a crime has been committed. 
C)  There are no restrictions governing the use of undercover operations as part of fraud investigations. 
D)  None of the above 
A)  Undercover operations are never legal and should not be used in fraud examinations. 
B)  Undercover operations should be used only if there is sufficient probable cause that a crime has been committed. 
C)  There are no restrictions governing the use of undercover operations as part of fraud investigations. 
D)  None of the above

In a written fraud examination report, the fraud examiner's conclusions about how the fraud occurred should be explicitly stated.

A company may need to undertake an internal investigation into alleged employee fraud for which of the following reasons?

In which section of the standard fraud examination report should the investigator discuss the identity and background information obtained about the individuals implicated in the matter under investigation?

_____________ involves obtaining information through the use of falsehoods or deception.

Of the following, which is the preferred method of organizing documentary evidence?

Fraud examinations conclude with:

The failure to adequately investigate an allegation of employee fraud may be a violation of legal and regulatory requirements.

In most cases, which of the following parties should be primarily responsible for directing a fraud examination?

Which of the following statements is true regarding the use of undercover operations as part of a fraud examination?

Introduction

Skimming

Cash Larceny Schemes

Billing Schemes

Check Tampering

Payroll Schemes

Expense Reimbursement Schemes

Register Disbursement Schemes

Non-Cash Assets

Corruption

Accounting Principles and Fraud

Fraudulent Financial Statement Schemes

Fraud Risk Assessment

Interviewing Witnesses

Occupational Fraud and Abuse: the Big Picture

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Exam 14: Conducting Investigations and Report Writing

In a written fraud examination report, the fraud examiner's conclusions about how the fraud occurred should be explicitly stated.

A company may need to undertake an internal investigation into alleged employee fraud for which of the following reasons?

In which section of the standard fraud examination report should the investigator discuss the identity and background information obtained about the individuals implicated in the matter under investigation?

_____________ involves obtaining information through the use of falsehoods or deception.

Of the following, which is the preferred method of organizing documentary evidence?

Fraud examinations conclude with:

The failure to adequately investigate an allegation of employee fraud may be a violation of legal and regulatory requirements.

In most cases, which of the following parties should be primarily responsible for directing a fraud examination?

Which of the following statements is true regarding the use of undercover operations as part of a fraud examination?

Introduction

Skimming

Cash Larceny Schemes

Billing Schemes

Check Tampering

Payroll Schemes

Expense Reimbursement Schemes

Register Disbursement Schemes

Non-Cash Assets

Corruption

Accounting Principles and Fraud

Fraudulent Financial Statement Schemes

Fraud Risk Assessment

Interviewing Witnesses

Occupational Fraud and Abuse: the Big Picture

Filters