CFE-Fraud-Prevention-and-Deterrence Premium Files Updated Oct-2022 Practice Valid Exam Dumps Question
Practice with CFE-Fraud-Prevention-and-Deterrence Dumps for Certified Fraud Examiner Certified Exam Questions & Answer
ACFE CFE-Fraud-Prevention-and-Deterrence Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION 14
Which of the following Is TRUE regarding the reporting of the fraud risk assessment results?
- A. The fraud risk assessment report should contain a detailed, comprehensive list of every assessment finding
- B. The fraud risk assessment report should be delivered in a style most suited to the language of the business
- C. A fraud risk assessment report should reflect the assessment team's subjective perspective regarding the risks identified
- D. All of the above
Answer: D
NEW QUESTION 15
While, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination She did not find fraud, but. In White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud Under the ACFE Code of Professional Ethics. White may include her opinion on the controls in her report to management.
- A. False
- B. True
Answer: B
NEW QUESTION 16
According to International Organization for Standardization (ISO) 31000 2018. an organization's risk management program should be proportionate to the organization s specific operations and objectives.
- A. False
- B. True
Answer: B
NEW QUESTION 17
During the course of a fraud examination. Stefan, an employee of Acme Inc., approaches Marten, a Certified Fraud Examiner (CFE) and fellow employee of Acme, and tells him that he knows of a major fraud being committed by the chief financial officer (CFO). However. Stefan says he can only provide details if Marten promises him absolute confidentiality. How should Marten respond?
- A. Not agree to the request for confidentiality
- B. Agree that the information will be held in confidence, even though Marten knows it will not be
- C. Tell Stefan that he will try to keep the information as confidential as possible
- D. Take Stefan's request straight to Acme Inc.'s management
Answer: C
NEW QUESTION 18
Which of the following principles of corporate governance pertains to the duty of the organization to act in the best interest of society?
- A. Fairness
- B. Accountability
- C. Responsibility
- D. Transparency
Answer: A
NEW QUESTION 19
Which of the following is FALSE regarding a background check policy for employees?
- A. Where permitted by law, management should run a background check on any existing employee who is being promoted to a position that includes access to sensitive or valuable company resources, even if a background check was run on the individual at the time of hire
- B. At a minimum, management should conduct a background check on any candidate who will have constant access to cash, checks, and credit card numbers, or other easily stolen items.
- C. When verifying past employment, management should only ask previous employers to verify the dates the candidate was employed.
- D. As part of the screening process, management should contact the references provided by the job candidate.
Answer: C
NEW QUESTION 20
Which of the following is TRUE regarding prosecutions of white-collar criminals?
- A. When fraud cases are handled internally, an employee is more likely to be suspended or put on probation than to be terminated for their crime.
- B. Most fraud cases are only handled internally and are not referred to law enforcement for prosecution
- C. Only a small percentage of perpetrators are punished when an organization deals with a fraud case internally.
- D. The primary reason organizations decline to prosecute fraud cases is a belief that their internal discipline methods are sufficient
Answer: C
NEW QUESTION 21
Which principle of corporate governance pertains to the disclosure of all material matters that the shareholders need to make timely and informed decisions regarding their investment in the company?
- A. Transparency
- B. Fairness
- C. Accountability
- D. Responsibility
Answer: A
NEW QUESTION 22
Which of the following is FALSE regarding fraud examiners responsibilities under the ACFE Code of Professional Ethics?
- A. In determining what information to include in a fraud examination report, fraud examiners should try to decide what users will consider important and material
- B. Confidential information provided to fraud examiners by their clients is considered privileged and therefore legally exempt from disclosure in all circumstances
- C. If fraud examiners become aware of a situation that might appear to others as though they have a conflict of interest they should immediately disclose the situation to company management
- D. Fraud examiners must obtain and document evidence in a manner that ensures that the chain of custody is preserved
Answer: A
NEW QUESTION 23
Which of the following is TRUE regarding G20/OECD Principles of Corporate Governance (the Principles)?
- A. The Principles state that an entity's corporate governance framework should discourage active cooperation between corporations and stakeholders in creating wealth.
- B. The Principles are intended to be applicable in developed economies but not in emerging markets.
- C. The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders.
- D. The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them
Answer: C
NEW QUESTION 24
Which of the following Is one of the recommendations made by the National Commission on Fraudulent Financial Reporting (the Treadway Commission) to reduce the probability of fraud in financial reports?
- A. Develop a written charter for management
- B. Give shareholders oversight of hotline reporting programs
- C. Have adequate compensation committee resources and authority
- D. Have a mandatory independent audit committee
Answer: D
NEW QUESTION 25
The availability of suitable targets, absence of capable guardians, and presence of motivated offenders are the three most important elements that influence crime according to which of the following criminological theories?
- A. Conditioning theory
- B. Rational choice theory
- C. Social control theory
- D. Routine activities theory
Answer: C
NEW QUESTION 26
Which of the following is NOT a responsibility of the organization s board of directors?
- A. Serving as the middlemen between shareholders and management
- B. Managing the performance of employees charged with carrying out business activities
- C. Acting as guardians of the organization s resources and assets
- D. Assessing the strategy and underlying purpose of management's decisions and actions
Answer: A
NEW QUESTION 27
The Institute of Internal Auditors' (IIA) International Standards for the Professional Practice of Internal Auditing states that
- A. The internal auditor must apply the skill and care of a reasonably prudent and competent internal auditor
- B. The internal auditor must apply the skill and care of an expert whose primary responsibility is investigating fraud
- C. The internal auditor must apply the skill and care of an unbiased, infallible audit professional.
- D. The internal auditor must apply the skill and care of an expert whose primary responsibility is detecting fraud.
Answer: C
NEW QUESTION 28
Which of the following is FALSE regarding the fraud risk assessment team?
- A. The team members might include both internal and external sources
- B. The team should consist of individuals with diverse knowledge, skills, and perspectives.
- C. The team members should have experience in gathering and eliciting information
- D. The team size should be limited to a maximum of three individuals.
Answer: D
NEW QUESTION 29
Independent auditors play a critical role in enhancing the reliability of financial information by financial position and performance in compliance with accepted accounting standards.
- A. False
- B. True
Answer: B
NEW QUESTION 30
Which of the following theories suggests that, when considering the possibility of violating a law. people are likely to ask themselves. "What will my spouse think if they find out?"
- A. Behavioral theory
- B. Cognitive theory
- C. Operant theory
- D. Social control theory
Answer: D
NEW QUESTION 31
Which of the following is NOT a responsibility of the organization's board of directors?
- A. Directing employees to execute business activities
- B. Acting as guardians of the organization's resources and assets
- C. Assessing the strategy and underlying purpose of management's decisions and actions
- D. Serving as the intermediaries between shareholders and management
Answer: A
NEW QUESTION 32
Which of the following criminological theories asserts that the three elements that have the most influence on crime are the availability of suitable targets, absence of capable guardians, and presence of motivated offenders?
- A. Rational choice theory
- B. Social control theory
- C. Differential association theory
- D. Routine activities theory
Answer: A
NEW QUESTION 33
Article II of the ACFE Code of Professional Ethics prohibits illegal or unethical conduct, but it allows exceptions for unknowing violations of the law
- A. True
- B. False
Answer: B
NEW QUESTION 34
For its compliance program to be effective, an organization must promote the program through appropriate incentives for compliance.
- A. False
- B. True
Answer: B
NEW QUESTION 35
Which of the following is NOT one of the three general approaches used to control corporate crime?
- A. Consumer action to force change
- B. Voluntary changes in corporate attitudes and structure
- C. Media blacklisting of the organization
- D. Strong intervention of the government
Answer: C
NEW QUESTION 36
For its compliance program lo be effective, an organization must perform procedures to ensure management hires only ethical individuals who exercise a substantial measure of discretion in acting on the organization s behalf.
- A. False
- B. True
Answer: B
NEW QUESTION 37
Which of the following best describes the purpose of The National Commission on Fraudulent Financial Reporting (the Treadway Commission)?
- A. Defining the responsibility of the auditor in preventing and detecting fraud
- B. Designing a model corporate compliance program
- C. Studying the effect of the threat of vicarious liability on the behavior of corporate executives
- D. Determining the specific requirements of the Principles of Risk Management
Answer: A
NEW QUESTION 38
Maria conducted a fraud examination that led to a valid confession of guilt from Rit a. In Maria's verbal report to her superiors, she stated that, in her opinion. "Rita is guilty of embezzlement." Maria has just violated the ACFE Code of Professional Ethics.
- A. False
- B. True
Answer: B
NEW QUESTION 39
......
REAL CFE-Fraud-Prevention-and-Deterrence Exam Questions With 100% Refund Guarantee : https://www.exam4tests.com/CFE-Fraud-Prevention-and-Deterrence-valid-braindumps.html
Get Special Discount Offer on CFE-Fraud-Prevention-and-Deterrence Dumps PDF: https://drive.google.com/open?id=1Vq3WtyqYfOj1TjUHChUedHbDorDtgU0O