CFE-Investigation Exam Dumps - Certified Fraud Examiner (CFE) - Investigation

TheFraud Examiners Manualadvises:

“Do not slow down the interview process for note-taking. Instead, jot down key words … In general, it is better to err on the side of taking too few notes rather than too many.”

Therefore, the best practice isC.

TheFraud Examiners Manualexplains:

“Benford’s Law applies to data that is not assigned (such as IDs or phone numbers) but that occurs naturally in transactions. For example, payment amounts, invoice values, and expense reimbursements are well suited.”

Thus,payment amountsare best suited for Benford’s Law.

TheFraud Examiners Manualexplains:

“Before running tests on the data, the fraud examiner must make certain the data being analysed are relevant and reliable for the objective of the engagement… Using the profile of potential frauds as a guide, the fraud examiner must identify the target data for analysis”.

The recommended questioning order is:

“As a general rule, questioning should proceed from thegeneral to the specific; that is, it is best to seek general information before seeking details”.

This ensures the respondent provides a free narrative before narrowing down to specifics.

Explanation with Extracts= The2014 Fraud Examiners Manualstates:

“The EU Data Protection Directive … regulates the processing, using, and transferring of personal data within the European Union, and it places limits on transmitting personal data to non-EU countries”.

Therefore, a U.S.-based examiner handling HR data of an EU employee must comply with EU GDPR requirements.

The2014 International Fraud Examiners ManualandCFE Prep - Investigationsexplicitly state:

“Like some printers, copiers and other multifunction machines might have internal storage devices that store relevant data. In fact, almost every copier built since 2002 has a hard drive that stores images of documents the machines have copied, scanned, or emailed. Some copiers store user access records and a history of copies made. … when seizing a computer for forensic analysis, it is generally necessary to seize any copiers and scanners connected to it.”

Thus, the correct answer isC.

Fraud examination reports are not written only for internal use. The2014 International Fraud Examiners Manualclearly emphasizes:

“When drafting a report, fraud examiners must consider who might end up reading it. Fraud examiners should keep in mind that the fraud examination report will be read by the general public and adverse parties. Under no circumstances should the fraud examiner prepare a communication with the idea that the information will not be disclosed to adverse third parties. Fraud examiners should draft their reports with this caveat in mind.”

The manual further specifies the wide range of potential readers:

*“There are many individuals and groups that might end up reading a fraud examination report, including the following parties:

Company insiders (managers, board of directors, owners, investors, etc.)

Attorneys (legal counsel, prosecutors, regulators, and defense counsel)

Defendants and witnesses

Press and media outlets

Judges or juries”*

This aligns with theCFE Prep - Investigationsstudy guide, which also confirms:

“There are many parties that might read a fraud examination report, including company insiders, attorneys, defendants and witnesses, press and media outlets, and judges or juries.”

📌Interpretation:

The mediamay access the report through litigation disclosures or leaks.

Opposing legal counselwill review the report during discovery or trial.

Investors and owners(company insiders) are primary stakeholders.

Thus, the only correct choice isD. All of the above, because fraud examination reports must be written withall possible audiences in mind, ensuring accuracy, clarity, impartiality, and professionalism to withstand scrutiny from multiple directions.

According to theFraud Examiners Manual:

“Credit card records are important in tracing assets… information on credit card charges might provide leads to identifying hidden assets. For example, if a fraud examiner notices that the subject used his credit card to purchase items at a marina, the fraud examiner should investigate further to determine if the subject owns a boat”.

Therefore,Ais correct.