Question 1

Which of the following sets of numbers could a fraud examiner MOST LIKELY benefit from running a Benford's Law analysis on?

Options :

A : Telephone numbers

B : Vendor invoice amounts

C : Employee identification numbers

D : Bank account numbers

Answer: B

Question 2

All of the following are true with regard to textual analytics EXCEPT:

Options :

A : When conducting textual analysis, the fraud examiner should come up with a list of fraud keywords to search for.

B : Textual analytics is used to reveal patterns, sentiments, and relationships indicative of fraud

C : The purpose of textual analytics is to search for and find an admission of fraud that can be presented in court

D : Textual analytics provides the ability to uncover warning signs of potentially fraudulent employee behavior

Answer: C

Question 3

When documenting interviews, it is best practice for the interviewer to.

Options :

A : Covertly record all interviews with potential suspects.

B : Note impressions regarding the subject-s guilt or innocence.

C : Err on the side of taking too few notes rather than too many.

D : Write down verbatim all the information that the subject provides

Answer: C

Question 4

Tony, a fraud examiner, believes that vendors might be submitting multiple invoices for the same sales with the hope that they will be paid more than once. He wants to ensure that no two invoices in the system have the same number. Which of the Mowing data analysis functions would be most useful for this test?

Options :

A : Duplicate search

B : Benford-s Law analysis

C : Correlation analysis

D : Linear regression

Answer: A

Question 5

Management at First Choice Inc. suspects that Nathan, its chief financial officer (CFO), has been embezzling funds. It hires Rein

a. a Certified Fraud Examiner (CFE), to investigate the matter When conducting the fraud examination. Reina should proceed as though;

Options :

A : After Nathan is terminated, the case will end

B : The case will end in litigation.

C : Nathan is guilty

D : The matter will be resolved completely internally.

Answer: B

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