Which of the following is NOT true with regard to tracing the disposition of loan proceeds?

• A.Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts.
• B.Tracing loan proceeds can uncover previously hidden assets
• C.Tracing loan proceeds can determine if hidden accounts were used for loan payments
• D.Tracing loan proceeds can identify the presence of internal control weaknesses.

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In which of the following scenarios would it be MOST APPROPRIATE for a fraud examiner to seek a referral for potential administrative action against an individual for misconduct?

• A.A cybercriminal scams dozens of victims through social media communications.
• B.A contractor is found to have submitted fake invoices to a government procurement program.
• C.A corporate executive is discovered selling proprietary information to competitors.
• D.A salesperson submits false documentation on loan applications so that customers are approved.

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Which of the following is a common characteristic that asset hiders look for in the financial vehicles they use to conceal their assets?

• A.Accessibility
• B.Transparency
• C.Exclusivity
• D.Traceability

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Which of the following should be done to prepare an organization for a formal fraud investigation?

• A.Inform the subject that they are under investigation.
• B.Issue an organization-wide communication that notifies all employees about the investigation
• C.Notify all managers about the investigation, explaining why it is happening and who is involved.
• D.Prepare the managers of the employees who will be involved in the investigation

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Kia is analyzing data as part of the evidence collection process in a fraud investigation. Which of the following steps should Kia take to ensure the results of the analysis are interpreted accurately?

• A.Kia should conduct the analysis in a way that supports her specific theory about what has occurred.
• B.Kia should include both relevant and irrelevant data in the analysis to generate more results and ensure that important trends and information are not missed.
• C.Kia should undertake procedures specifically designed to limit the number of false positives.
• D.Kia should set the scope of analysis as broadly as possible, including not only transactional data but also all data collected for marketing and sales purposes.

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