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Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management―Integrating with Strategy and Performance?
Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management―Integrating with Strategy and Performance?A . Event avoidance B. Risk tolerance C. Compliance D. Review and revisionView AnswerAnswer: D
For its compliance program to be effective, an organization must promote the program through appropriate incentives for compliance.
For its compliance program to be effective, an organization must promote the program through appropriate incentives for compliance.A . True B. FalseView AnswerAnswer: A
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: B
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines____________ as "a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines____________ as "a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."A . Corporate compliance B. Fraud risk management C. Risk...
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...
Which of the following statements about the fraud risk assessment process Is MOST ACCURATE?
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...
In the context of a fraud examination, integrity requires all of the following EXCEPT:
In the context of a fraud examination, integrity requires all of the following EXCEPT:A . Trustworthiness B. A well-developed sense of moral philosophy C. Avoidance of conflicts of interest D. Refusal to admit errorsView AnswerAnswer: D
Consistently punishing perpetrators can be an effective fraud prevention mechanism
Consistently punishing perpetrators can be an effective fraud prevention mechanismA . True B. FalseView AnswerAnswer: A
Article II of the ACFE Code of Professional Ethics prohibits illegal or unethical conduct, but It allows exceptions for unknowing violations of the law.
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. FalseView AnswerAnswer: B
An effective system of anti-fraud controls
An effective system of anti-fraud controlsA . Fully eliminates the risk of fraud B. Focuses more on detective controls than preventive controls C. Focuses more on preventive controls than detective controls D. Increases the perception that fraud will be detectedView AnswerAnswer: D
