FREE Certified Fraud Examiner (CFE) Trivia Questions and Answers

Question 1

Last-minute changes to revenue, numbers on balance sheets that can't be backed up, and wrongly recorded revenue are examples of:

Accepted Answer

Documentary symptoms

Answer

Control symptoms

Answer

Perceptional symptoms

Answer

Analytical symptoms

Question 2

This is what the Gramm-Leach-Bliley Act lets:

Accepted Answer

All of the above

Answer

Customers to opt out and ask that their info not be shared

Answer

Banks to sell customer info

Answer

Financial institution to share info

Question 3

Each of these agencies is a good fit for the kind of information it gives, except:

Accepted Answer

State attorney gen: maintains birth records and info about people's SSNs

Answer

Dept of justice: maintains records relating to detection, prosecution, and rehab of offenders

Answer

CIA: investigates security matters outside of US

Answer

The secret service: deals with counterfeiting theft of gov checks, interstate credit card violations, and some computer crimes

Question 4

During an audit, the auditor looks at the situation of the person being audited and plans the audit accordingly:

Accepted Answer

First order

Answer

Fraudulent

Answer

Zero order

Answer

High order

Question 5

Which of these is usually the best way to get proof that something happened?

Accepted Answer

Computer based queries of full population accounting and other databases

Answer

Chance, accident, or tip discovery

Answer

A statistically sound sampling approach like discovery sampling

Answer

None of the above are effective methods of discovering evidence

Question 6

Which of the following methods is typically the most effective for obtaining documentary evidence?

Accepted Answer

All of the above

Answer

Possible public exposure resulting because of the investigation

Answer

Possible cost of the investigation

Answer

Perceived strength of the predication

Question 7

Which of the following tasks does not fall under the purview of bankruptcy courts?

Accepted Answer

Supervising bankruptcy petitions

Answer

Conducting hearings and trials to resolve disputes

Answer

Appointing trustees, examiners and committees

Answer

Approving reorganization plans