ACFE CFE-Fraud-Investigations-and-Legal-Issues Q&A - in .pdf

  • CFE-Fraud-Investigations-and-Legal-Issues pdf
  • Exam Code: CFE-Fraud-Investigations-and-Legal-Issues
  • Exam Name: Certified Fraud Examiner (CFE) - Fraud Investigations and Legal Issues
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
Packet forwarding based routing table information,which of the following information will then be routed to match forwards?
A. Routing Protocol
B. Route priority
C. Cost routing
D. Mask length of the longest route entry
Answer: D

NEW QUESTION: 2
A system administrator is responding to a legal order to turn over all logs from all company servers. The system administrator records the system time of all servers to ensure that:
A. the NTP server works properly.
B. HDD hashes are accurate.
C. time offset can be calculated.
D. chain of custody is preserved.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
It is quite common for workstation times to be off slightly from actual time, and that can happen with servers as well. Since a forensic investigation is usually dependent on a step-by-step account of what has happened, being able to follow events in the correct time sequence is critical. Because of this, it is imperative to record the time offset on each affected machine during the investigation. One method of assisting with this is to add an entry to a log file and note the time that this was done and the time associated with it on the system.

NEW QUESTION: 3
In evaluating an entity's accounting estimates, one of the auditor's objectives is to determine whether the
estimates are:
A. Reasonable in the circumstances.
B. Consistent with industry guidelines.
C. Based on verifiable objective assumptions.
D. Prepared in a satisfactory control environment.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. The auditor has four responsibilities with respect to evaluating estimates: to assess
management's practices, to verify that all material estimates have been developed, to determine that
accounting estimates are reasonable, and to ensure that accounting estimates are properly recorded and
disclosed.
Choice "A" is incorrect. With respect to accounting estimates, the auditor would only be concerned with the
entity's control environment in terms of assessing management's policies and practices. It might be the
case that the control environment is less than satisfactory, but as long as management has taken this into
account, and has properly developed, presented, and disclosed all material estimates, the poor control
environment is irrelevant.
Choice "B" is incorrect. The auditor is concerned with making sure that management has properly
developed, presented, and disclosed all material estimates. Whether or not those estimates are consistent
with industry guidelines is not a concern, as long as the estimates are reasonable in the circumstances.
Choice "C" is incorrect. Estimates need not be based on verifiable objective assumptions. In fact, many
estimates are subjective, and can be susceptible to misstatement. The auditor should evaluate whether
management has properly developed, presented, and disclosed all material estimates.

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