Question 1

Validation controls detest input errors by flagging those transactions that fall within accepted ranges.

Accepted Answer

A) True 
 B)False

Question 2

Correlation analysis in data extraction and analysis software could be used to discover all EXCEPT:

Accepted Answer

A)  Correlations where none existed previously 
B)  Non-existent inventory 
C)  Correlations that currently exist 
D)  How variables move in the same direction 
A)  Correlations where none existed previously 
B)  Non-existent inventory 
C)  Correlations that currently exist 
D)  How variables move in the same direction

Question 3

What is computer forensics?

Accepted Answer

Computer forensics involves using specia

Question 4

There are two major ways to test IT systems - the "black-box" approach, and the "white-box" approach, which utilizes a relatively small dataset to test the system.

Accepted Answer

A) True 
 B)False

Question 5

Compliance verification in data extraction and analysis software could be used to discover all EXCEPT:

Accepted Answer

A)  Credit approvals for customer credit limits by credit manager 
B)  Excessive per diem amounts on employee expense accounts 
C)  Criminal background searches on prospective employees 
D)  Insuring that middle managers do not exceed company mandated budget limits 
A)  Credit approvals for customer credit limits by credit manager 
B)  Excessive per diem amounts on employee expense accounts 
C)  Criminal background searches on prospective employees 
D)  Insuring that middle managers do not exceed company mandated budget limits

Question 6

What is the purpose of timelines in an investigation?

Accepted Answer

A timeline organizes informati

Question 7

How do e-discovery rules have an impact on the storage of e-mail and other electronic files?

Accepted Answer

New e-discovery rules require organizati

Question 8

Restoring data and files is a more sophisticated approach to recovering deleted files.

Accepted Answer

A) True 
 B)False

Question 9

What functions are used by data extraction and analysis software to highlight red flags of fraud?

Accepted Answer

•Sorting
•Record selection and extractio

Question 10

Which of the following would be normally be detected as an input error in payroll processing?

Accepted Answer

A)  An alphabetic character in the employee hours field. 
B)  Overtime hours above 10 hours for an individual employee. 
C)  Zero hours for a long time employee. 
D)  The addition of a new employee. 
A)  An alphabetic character in the employee hours field. 
B)  Overtime hours above 10 hours for an individual employee. 
C)  Zero hours for a long time employee. 
D)  The addition of a new employee.

Question 11

The source documents that support the electronic data systems do not need to be pre-numbered and used in sequence.

Accepted Answer

A) True 
 B)False

Question 12

What are the two major approaches for testing IT system controls?

Accepted Answer

First, the IT systems can be audited aro

Question 13

The software product Analyst's Notebook I2 would be classified as:

Accepted Answer

A)  Data analysis and extraction software 
B)  Case management software 
C)  Electronic spreadsheet 
D)  Data presentation software 
A)  Data analysis and extraction software 
B)  Case management software 
C)  Electronic spreadsheet 
D)  Data presentation software

Question 14

What is meant by the acronym CAATTs and what are they used for?

Accepted Answer

CAATTs Computer-Aided Audit To

Question 15

The acronym MICE signifies fraud motivations such as money, intellectualism, coercion, and ego.

Accepted Answer

A) True 
 B)False

Question 16

Record validation can include reasonableness checks, sequences checks, and other checks.

Accepted Answer

A) True 
 B)False

Question 17

Preparing link charts is a way to represent the associations, linkages, and other important relationship graphically.

Accepted Answer

A) True 
 B)False

Validation controls detest input errors by flagging those transactions that fall within accepted ranges.

Correlation analysis in data extraction and analysis software could be used to discover all EXCEPT:

What is computer forensics?

There are two major ways to test IT systems - the "black-box" approach, and the "white-box" approach, which utilizes a relatively small dataset to test the system.

Compliance verification in data extraction and analysis software could be used to discover all EXCEPT:

What is the purpose of timelines in an investigation?

How do e-discovery rules have an impact on the storage of e-mail and other electronic files?

Restoring data and files is a more sophisticated approach to recovering deleted files.

What functions are used by data extraction and analysis software to highlight red flags of fraud?

Which of the following would be normally be detected as an input error in payroll processing?

The source documents that support the electronic data systems do not need to be pre-numbered and used in sequence.

What are the two major approaches for testing IT system controls?

The software product Analyst's Notebook I2 would be classified as:

What is meant by the acronym CAATTs and what are they used for?

The acronym MICE signifies fraud motivations such as money, intellectualism, coercion, and ego.

Record validation can include reasonableness checks, sequences checks, and other checks.

Preparing link charts is a way to represent the associations, linkages, and other important relationship graphically.

Core Foundation Related to Fraud Examination and Financial Forensics

Careers in Fraud Examination and Financial Forensics

Who Commits Fraud and Why: Criminology and Ethics

Complex Frauds and Financial Crimes

Cybercrime: Computer and Internet Fraud

Legal, Regulatory, and Professional Environment

Fraud Detection: Red Flags and Targeted Risk Assessment

Detection and Investigations

Effective Interviewing and Interrogation

Cash Receipt Schemes and Other Asset Misappropriations

Cash Disbursement Schemes

Corruption and the Human Factor

Financial Statement Fraud

Consulting, Litigation Support, and Expert Witnesses: Damages, Valuations, and Other Engagements

Remediation and Litigation Advisory Services

Filters

Exam 10: Using Information Technology for Fraud Examination and Financial Forensics

Validation controls detest input errors by flagging those transactions that fall within accepted ranges.

Correlation analysis in data extraction and analysis software could be used to discover all EXCEPT:

What is computer forensics?

There are two major ways to test IT systems - the "black-box" approach, and the "white-box" approach, which utilizes a relatively small dataset to test the system.

Compliance verification in data extraction and analysis software could be used to discover all EXCEPT:

What is the purpose of timelines in an investigation?

How do e-discovery rules have an impact on the storage of e-mail and other electronic files?

Restoring data and files is a more sophisticated approach to recovering deleted files.

What functions are used by data extraction and analysis software to highlight red flags of fraud?

Which of the following would be normally be detected as an input error in payroll processing?

The source documents that support the electronic data systems do not need to be pre-numbered and used in sequence.

What are the two major approaches for testing IT system controls?

The software product Analyst's Notebook I2 would be classified as:

What is meant by the acronym CAATTs and what are they used for?

The acronym MICE signifies fraud motivations such as money, intellectualism, coercion, and ego.

Record validation can include reasonableness checks, sequences checks, and other checks.

Preparing link charts is a way to represent the associations, linkages, and other important relationship graphically.

Core Foundation Related to Fraud Examination and Financial Forensics

Careers in Fraud Examination and Financial Forensics

Who Commits Fraud and Why: Criminology and Ethics

Complex Frauds and Financial Crimes

Cybercrime: Computer and Internet Fraud

Legal, Regulatory, and Professional Environment

Fraud Detection: Red Flags and Targeted Risk Assessment

Detection and Investigations

Effective Interviewing and Interrogation

Cash Receipt Schemes and Other Asset Misappropriations

Cash Disbursement Schemes

Corruption and the Human Factor

Financial Statement Fraud

Consulting, Litigation Support, and Expert Witnesses: Damages, Valuations, and Other Engagements

Remediation and Litigation Advisory Services

Filters