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Stevens, a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination at ABC Company. His examination did not reveal any conclusive evidence that fraud had occurred or was occurring. Consequently, ABC's management asked Stevens to state in his official examination report that the organization is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. Under the ACFE Code of Professional Ethics. Stevens is permitted to comply with management's request based on the findings of his examination.
Stevens, a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination at ABC Company. His examination did not reveal any conclusive evidence that fraud had occurred or was occurring. Consequently, ABC's management asked Stevens to state in his official examination report that the organization is free of fraud...
Which of the following is a detective anti-fraud control?
Which of the following is a detective anti-fraud control?A . Hiring policies and procedures B. Independent reconciliations C. Separation of duties D. Fraud awareness trainingView AnswerAnswer: D
The objective of anti-fraud controls is to:
The objective of anti-fraud controls is to:A . Completely eliminate inherent fraud risk. B. Reduce the inherent fraud risk to a level that is significantly smaller than the residual fraud risk. C. Completely eliminate residual fraud risk D. Reduce the residual fraud risk to a level that is significantly smaller...
According to behaviorist theories, which of the following options would be the MOST EFFECTIVE way for Smith to encourage his team members to keep their cash drawers in balance?
Smith, a retail sales manager, wants to decrease the level of cash register over-and-short discrepancies among his sales team. According to behaviorist theories, which of the following options would be the MOST EFFECTIVE way for Smith to encourage his team members to keep their cash drawers in balance?A . Offer...
Which of the following criminological theories states that individuals make a conscious decision to commit a crime and that crime can be deterred by reducing opportunities for criminal activity and increasing an individual's personal risk of being caught and punished?
Which of the following criminological theories states that individuals make a conscious decision to commit a crime and that crime can be deterred by reducing opportunities for criminal activity and increasing an individual's personal risk of being caught and punished?A . Routine activities theory B. Differential association theory C. Rational...
According to Silk and Vogel's research, business leaders rationalize legal violations by asserting that compliance with government regulations is too costly and cuts too heavily into company profits.
According to Silk and Vogel's research, business leaders rationalize legal violations by asserting that compliance with government regulations is too costly and cuts too heavily into company profits.A . True B. FalseView AnswerAnswer: A
Employees should be kept unaware that management is watching for lifestyle and behavior changes In staff members that might indicate fraud.
Employees should be kept unaware that management is watching for lifestyle and behavior changes In staff members that might indicate fraud.A . True B. FalseView AnswerAnswer: A
Which of the following is FALSE regarding an organization's anti-fraud policy?
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...
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?
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. Routine activities theory C. Rational choice theory D. Social control theoryView AnswerAnswer: D
Daniela, an independent Certified Fraud Examiner (CFE), was hired by Charles, executive director of a nonprofit organization, to investigate a straightforward embezzlement case. During the investigation, Daniela learns that Charles is involved in an unrelated fraud.
Daniela, an independent Certified Fraud Examiner (CFE), was hired by Charles, executive director of a nonprofit organization, to investigate a straightforward embezzlement case. During the investigation, Daniela learns that Charles is involved in an unrelated fraud. Under the ACFE Code of Professional Ethics. Daniela should:A . Tell the nonprofit's board...
