Question 1

Who can become a fraud investigator within a company and what is their engagement process?

Accepted Answer

In general, the professional fraud inves

Question 2

Which of the following is NOT a step in the fraud investigation process?

Accepted Answer

A)  The in briefing process 
B)  The engagement process 
C)  The evidence collection process 
D)  The reporting process 
A)  The in briefing process 
B)  The engagement process 
C)  The evidence collection process 
D)  The reporting process

Question 3

Some standard defenses include the following:

Accepted Answer

A)  All of the below are possible standards of defense. 
B)  Someone else did it. 
C)  A hacker did it. 
D)  Those were simply errors and not fraudulent entries. 
A)  All of the below are possible standards of defense. 
B)  Someone else did it. 
C)  A hacker did it. 
D)  Those were simply errors and not fraudulent entries.

Question 4

The fraud engagement process is a part of the fraud investigation process.

Accepted Answer

A) True 
 B)False

Question 5

When does the fraud investigation engagement process begin?

Accepted Answer

A)  With first contact to an organization. 
B)  After a 12-month follow-up audit 
C)  With a complete agreement regarding the fraud-investigation services to be provided by the investigator. 
D)  Upon conviction of a criminal. 
A)  With first contact to an organization. 
B)  After a 12-month follow-up audit 
C)  With a complete agreement regarding the fraud-investigation services to be provided by the investigator. 
D)  Upon conviction of a criminal.

Question 6

The first and primary objective in a fraud investigation is to punish the fraudster.

Accepted Answer

A) True 
 B)False

Question 7

Explain what a Unified Case File is and its three main purposes.

Accepted Answer

A Unified Case File contains all of the

Question 8

What are the four types of evidence collected in the evidence collection process?

Accepted Answer

A)  Physical evidence, financial statement evidence, observational evidence, and interview evidence. 
B)  Physical evidence, documentary evidence, tip hotline evidence, and interview evidence. 
C)  Physical evidence, documentary evidence, observational evidence, and witness evidence. 
D)  Physical evidence, documentary evidence, observational evidence, and interview evidence. 
A)  Physical evidence, financial statement evidence, observational evidence, and interview evidence. 
B)  Physical evidence, documentary evidence, tip hotline evidence, and interview evidence. 
C)  Physical evidence, documentary evidence, observational evidence, and witness evidence. 
D)  Physical evidence, documentary evidence, observational evidence, and interview evidence.

Question 9

An incident report and a unified case file are the same thing.

Accepted Answer

A) True 
 B)False

Question 10

An example of Loss Mitigation would be:

Accepted Answer

A)  Filing for an injunction with a U.S. Circuit Court. 
B)  Confronting the employee(s) involved prior to the investigation. 
C)  Notifying the insurance company covering corporate losses due to theft or fraud. 
D)  The corporation taking immediate action to prevent additional loss to the company. 
A)  Filing for an injunction with a U.S. Circuit Court. 
B)  Confronting the employee(s) involved prior to the investigation. 
C)  Notifying the insurance company covering corporate losses due to theft or fraud. 
D)  The corporation taking immediate action to prevent additional loss to the company.

Who can become a fraud investigator within a company and what is their engagement process?

Which of the following is NOT a step in the fraud investigation process?

Some standard defenses include the following:

The fraud engagement process is a part of the fraud investigation process.

When does the fraud investigation engagement process begin?

The first and primary objective in a fraud investigation is to punish the fraudster.

Explain what a Unified Case File is and its three main purposes.

What are the four types of evidence collected in the evidence collection process?

An incident report and a unified case file are the same thing.

An example of Loss Mitigation would be:

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters

Exam 7: The Fraud Investigation and Engagement Processes

Who can become a fraud investigator within a company and what is their engagement process?

Which of the following is NOT a step in the fraud investigation process?

Some standard defenses include the following:

The fraud engagement process is a part of the fraud investigation process.

When does the fraud investigation engagement process begin?

The first and primary objective in a fraud investigation is to punish the fraudster.

Explain what a Unified Case File is and its three main purposes.

What are the four types of evidence collected in the evidence collection process?

An incident report and a unified case file are the same thing.

An example of Loss Mitigation would be:

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters