Introduction

Question 1

Writing Reports

Answer 1

After evidence has been obtained & appropriate witnesses interviewed- CFE is responsible for writing report

Question 2

Prevention of Fraud

Answer 2

Responsibility of Management

Question 3

Detection of Fraud

Answer 3

Responsibility of Internal and External Auditors

Question 4

Who is the Fraud Team made up of?

Answer 4

CFEs
Auditors
Security
HR Personnel
Management Representative
Outside Consultant
Legal Counsel

Question 5

Predication

Answer 5

the totality circumstances that would lead a reasonable, professionally trained individual that a fraud has occurred, is occurring, or will occur

Question 6

Fraud Theory Approach

Answer 6

- all cases will end in litigation 
Following Steps:
1. Analyze available data
2. Create a hypothesis
3. Test the hypothesis
4. Refine and amend the hypothesis

Question 7

Neutral Third-Party Witnesses

Answer 7

witness that is not involved in a specific instance of fraud

Question 8

Corroborative Witness

Answer 8

witness who can corroborate facts related to specific offense
(this would take place after interviewing the neutral third party witnesses)

Question 9

Co-Conspirators

Answer 9

if after interviews with NTP and Corroborative Witnesses, further work is still warranted then CFE will interview co-conspirators to the alleged offense

Question 10

Subject

Answer 10

interviewed last after all facts necessary to resolve the allegation are obtained

Question 11

Purpose of Fraud Examination

Answer 11

to prove or disprove all legal elements

Question 12

Each and every element must be proven by what:

Answer 12

1. Beyond a reasonable doubt in criminal cases

2. By a preponderance of the evidence in civil cases

Question 13

Elements of White Collar Crime

Answer 13

Intent
Disguise of purpose
Reliance
Voluntary victim action
Concealment