ACFE CFE Fraud Prevention and Deterrence Certified Fraud Examiner – Fraud Prevention and Deterrence Exam Online Training
ACFE CFE Fraud Prevention and Deterrence Online Training
The questions for CFE Fraud Prevention and Deterrence were last updated at Nov 23,2024.
- Exam Code: CFE Fraud Prevention and Deterrence
- Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
- Certification Provider: ACFE
- Latest update: Nov 23,2024
Which of the following is NOT a responsibility of the organization’s board of directors?
- A . Serving as the intermediaries between shareholders and management
- B . Acting as guardians of the organization’s resources and assets
- C . Directing employees to execute business activities
- D . Assessing the strategy and underlying purpose of management’s decisions and actions
Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud Triangle
- A . Rationalization
- B . Lack of integrity
- C . Opportunity
- D . Pressure
According to the Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) Internal Control-integrated Framework (the Framework), there are five interrelated components of a company’s internal control.
Which of the following is NOT among these five components?
- A . Monitoring
- B . Control environment
- C . Independent oversight
- D . Information and communication
Which of the following is FALSE regarding an organization’s anti-fraud policy?
- A . A detailed anti-fraud policy can make it easier to investigate and punish employees who commit fraud and other dishonest acts.
- B . To avoid legal problems in discharging employees, the anti-fraud policy should not include any specific examples of frau and misconduct.
- C . In developing the anti-fraud policy, management should check with legal counsel regarding any legal considerations with respect to the policy.
- D . One of the most important considerations in developing the anti-fraud policy is to ensure every allegation is handled in a uniform manner.
According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:
- A . The continued pressures of a culture that rewards affluence and success
- B . The economy’s increased reliance on credit
- C . The increased constraints of the regulatory environment for businesses
- D . The increased opportunity for wrongdoing as a result of advancing information technologies
Reporting known incidents of fraud to law enforcement can be an effective fraud prevention mechanism.
- A . True
- B . False
Which of the following Is FALSE regarding a fraud risk assessment?
- A . The assessment team should consider how employees behave as part of Its assessment
- B . The assessment should be used to improve employee fraud awareness.
- C . The designation of an area as being high risk does not conclusively mean that fraud is occurring there.
- D . The objective of the assessment is to provide an estimate of the organization’s fraud losses.
Which of the following statements about the fraud risk assessment process Is MOST ACCURATE?
- A . The fraud risk assessment can be effectively conducted by people inside or outside of the organization.
- B . To ensure the independence of the team members, a fraud risk assessment must be conducted by a consultant or other external party.
- C . If the individuals conducting the fraud risk assessment truly believe that fraud could not happen at the organization, then the assessment process should reflect that belief.
- D . The fraud risk assessment is most effective when management’s influence on the process is limited
A government auditor is conducting a financial statement audit of a public-sector entity in accordance with the International Standards of Supreme Audit Institutions (ISSAI).
Which of the following is TRUE regarding the auditor’s consideration of fraud during this engagement?
- A . In addition to fraud, the auditor should remain alert to potential occurrences of abuse during the audit.
- B . The auditor has the automatic ability to withdraw from the audit engagement if fraud is found.
- C . The requirements found in International Standard on Auditing (ISA) 240 do not apply to the engagement
- D . The objectives of the audit are likely narrower than those of a private-sector financial statement audit.
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 . Differential association theory
- C . Routine activities theory
- D . Social control theory
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