ACFE
CFE-Fraud-Investigations-and-Legal-Issues
Q1:
Which of the following is one of the purposes of closing questions in a routine interview?
○
A
To close the interview positively and maintain goodwill○
B
To assess whether the subject is ready to confess○
C
To confirm the credibility of the witness being interviewed○
D
To reduce testimony to a signed, written statement
ACFE
CFE-Fraud-Investigations-and-Legal-Issues
Q2:
Which of the following is NOT required for a contract transaction or scheme to be classified as an investment contract?
○
A
The expectation of making a profit○
B
Profits derived solely from the investor's management activity○
C
investment m a common enterprise○
D
An investment of money or other asset
ACFE
CFE-Fraud-Investigations-and-Legal-Issues
Q3:
Which of the following data analysis functions is used to determine whether company policies are met by employee transactions, such as verifying that traveling employees book their accommodations at approved hotels?
○
A
The correlation analysis function○
B
The Join function○
C
The gap testing function○
D
The compliance verification function
ACFE
CFE-Fraud-Investigations-and-Legal-Issues
Q4:
An informant offers to provide critical information to a fraud examiner in exchange for full confidentiality. Which of the following responses can the fraud examiner offer the informant regarding confidentiality?
○
A
Promise the informant that their identity will remain confidential if the information provided can be corroborated by another party.○
B
Promise the informant that they will provide full confidentiality regarding the information provided.○
C
Explain to the informant that they will have to reveal their identity to executive leadership.○
D
Explain to the informant that they cannot guarantee qualified confidentiality, but all attempts will be made to keep their identity confidential.
ACFE
CFE-Fraud-Investigations-and-Legal-Issues
Q5:
Which of the following statements concerning money services businesses MSBs is MOST ACCURATE?
○
A
A depository investment bank is classified as an MSB.○
B
A currency exchange is classified as an MSB.○
C
MSBs are generally at a lower risk of money laundering than consumer banks.○
D
MSBs generally have stricter regulations than other financial institutions.