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ACFE CFE-Fraud-Prevention-and-Deterrence Exam Syllabus Topics:
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NEW QUESTION 14
The internal auditor's fraud-related responsibilities include which of the following?
- A. Reporting to regulators regarding the entity's vulnerability to fraud
- B. Overseeing management's actions to manage fraud risks
- C. Attesting that the organization's financial statements are free of material misstatements caused by fraud
- D. Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program
Answer: D
NEW QUESTION 15
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. Social control theory
- B. Rational choice theory
- C. Conditioning theory
- D. Routine activities theory
Answer: A
NEW QUESTION 16
In response to a risk identified during a fraud risk assessment, management decides to purchase fidelity insurance to help protect the company against the associated risk of loss This response is known as:
- A. Assuming the risk
- B. Avoiding the risk
- C. Mitigating the risk
- D. Transferring the risk
Answer: D
NEW QUESTION 17
Which of the following is NOT a purpose served by a professional organization's code of conduct?
- A. It replaces the need for individuals to consult their own conscience.
- B. It serves as a reference and benchmark for ethical guidance
- C. It provides more direct solutions to professional ethical dilemmas than might exist under general ethical principles
- D. It facilitates practical enforcement and profession-wide Internal discipline.
Answer: A
NEW QUESTION 18
Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud Triangle
- A. Lack of integrity
- B. Rationalization
- C. Opportunity
- D. Pressure
Answer: B
NEW QUESTION 19
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. Independent oversight
- B. Monitoring
- C. Information and communication
- D. Control environment
Answer: A
NEW QUESTION 20
According to the differential reinforcement theory, behavior is weakened when positive rewards are gained or punishment is avoided
- A. False
- B. True
Answer: B
NEW QUESTION 21
A report by a fraud examiner is privileged from disclosure by anyone other than the client.
- A. True
- B. False
Answer: B
NEW QUESTION 22
The existence of many specialized departments within a company generally decreases the overall risk of fraud within the organization
- A. False
- B. True
Answer: B
NEW QUESTION 23
Which of the following is TRUE regarding government auditors' responsibilities to report evidence of potential fraud uncovered during an audit of a public-sector organization's financial statements?
- A. The requirements for government auditors to report evidence of potential fraud depend on the jurisdiction and the specific audit mandate.
- B. Government auditors are legally prohibited from reporting evidence of potential fraud to any parties outside the organization being audited.
- C. All government auditors maintain the same requirements for reporting evidence of potential fraud uncovered during a public-sector financial statement audit.
- D. Government auditors' reporting requirements pertaining to fraud are substantially the same as those for external auditors in the private sector.
Answer: A
NEW QUESTION 24
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. Governance and culture
- B. Operating environment
- C. Risk tolerance
- D. Independent monitoring
Answer: D
NEW QUESTION 25
According to behaviorists such as B F Skinner, which of the following scenarios is mostly likely to occur when an undesired behavior is punished?
- A. The behavior will return when punishment ceases
- B. The behavior will occur more frequently.
- C. The behavior will be permanently suppressed
- D. The behavior will not be affected by the punishment
Answer: C
NEW QUESTION 26
The findings in the 2020 Report to the Nations include which of the following?
- A. The median losses caused by executives are lower than those caused by staff-level employees
- B. Mote occupational frauds are committed by men than by women
- C. The majority of fraudsters have been previously punished by an employer for a fraud-related offense
- D. The most commonly reported red flag displayed by fraud perpetrators prior to the detection of their crime is complaints about management.
Answer: B
NEW QUESTION 27
In Ihe context of fraud examination, integrity requires all of the following EXCEPT:
- A. Subordination of desires for personal gain to the interests of clients, employers, and the public
- B. An ability to analyze situations where no professional rules are specifically applicable and determine right from wrong
- C. Avoidance of differences of opinion
- D. Independence of mental attitude
Answer: C
NEW QUESTION 28
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. Agree that the information will be held in confidence, even though Marten knows it will not be
- B. Take Stefan's request straight to Acme Inc.'s management
- C. Tell Stefan that he will try to keep the information as confidential as possible
- D. Not agree to the request for confidentiality
Answer: C
NEW QUESTION 29
In response to an employee's failure to meet performance expectations, a manager demotes the employee to a junior-level position. This is an example of what type of behavioral response?
- A. Positive reinforcement
- B. None of the above
- C. Punishment
- D. Negative reinforcement
Answer: C
NEW QUESTION 30
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Based on Official Syllabus Topics of Actual ACFE CFE-Fraud-Prevention-and-Deterrence Exam: https://drive.google.com/open?id=1grDVcN3EcR28Cem_R9sstMdlbPal4sDA