Master the CFE Fraud Prevention and Deterrence Dumps (V12.03) to Achieve Success: Continue to Check the CFE Fraud Prevention and Deterrence Free Dumps (Part 2, Q41-Q80)

1. Which of the following is NOT a responsibility of the organization's board of directors?

2. Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud Triangle

3. 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?

4. Which of the following is FALSE regarding an organization's anti-fraud policy?

5. 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:

6. Reporting known incidents of fraud to law enforcement can be an effective fraud prevention mechanism.

7. Which of the following Is FALSE regarding a fraud risk assessment?

8. Which of the following statements about the fraud risk assessment process Is MOST ACCURATE?

9. 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?

10. 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?

11. According to Diane Vaughan, which of the following factors increases an organization's inherent inclination toward committing crime?

12. _____________Is the criminological theory that presents crime as a conscious decision that can be deterred by reducing opportunities for criminal activity and increasing the personal risk to an Individual of being caught and punished.

13. Fraud risks related to regulatory and legal misconduct include all of the following EXCEPT:

14. According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud, while_________schemes are the MOST COSTLY form of occupational fraud.

15. Which of the following is TRUE regarding the communication of the fraud risk assessment process?

16. Based on research regarding the criminogenic nature of organizations, employees with strong personal values and ethics will always disobey a superior's direct order to engage in fraudulent behavior, despite an inherent desire to obey authority figures.

17. A report by a fraud examiner is privileged from disclosure by anyone other than the client.

18. Which of the following is TRUE regarding G20/OECD Principles of Corporate Governance (the Principles)?

19. Gray, an independent Certified Fraud Examiner (CFE), was hired by Green, president of the ABC Corporation, to investigate allegations that one of ABC's employees is taking kickbacks. During the investigation.

Gray teams that Green is involved in an unrelated fraud. Under the ACFE Code of Professional Ethics. Gray should:

20. Who is ultimately responsible lor ensuring the effectiveness of the organization's anti-fraud program?

21. According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.

22. 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?

23. 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.

24. Which of the following statements regarding best practices that organizations can take to protect and support whistleblowers is MOST ACCURATE?

25. Employee anti-fraud education should:

26. Which of the following Is NOT a way that an organization's fraud risk assessment should be Incorporated Into the audit process?

27. In the context of fraud examination, integrity requires all of the following EXCEPT:

28. Professional auditing standards require that auditors incorporate an "element of unpredictability" in the selection of auditing procedures to be performed.

29. For Its compliance program to 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

30. Which of the following is FALSE regarding the fraud risk assessment learn?

31. Jane, a Certified Fraud Examiner (CFE), was hired lo conduct a fraud examination at XYZ Company Her examination did not reveal any conclusive evidence that fraud had occurred or was occurring Consequently. XYZ's management asked Jane to state in her official examination report that the company is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. The ACFE Code of Professional Ethics prohibits Jane from complying with management's request.

32. Which of the following is FALSE regarding a background check policy for employees?

33. Fraud risks related to corruption include all of the following EXCEPT;

34. Which of the following is TRUE regarding corporate governance?

35. XYZ, Inc. Is a specialty retailer of high-end ergonomic office furniture. The company receives a very large order from ABC Company, a new customer in a different country that wants to pay on credit.

Which of the following is MOST ACCURATE regarding the due diligence procedures XYZ should perform on ABC before proceeding with this transaction?

36. 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?

37. Risk management is focused on balancing the organization's___________with Its____________.

38. Gregory, an internal auditor, and Brandon, the company's purchasing manager, have had several heated disagreements over purchasing procedures and policies. Gregory has just been told that he will be the lead on the company's fraud risk assessment. During the fraud risk assessment.

Gregory should:

39. Which of the following Is TRUE regarding an organization's ethics program?

40. According to Diane Vaughan. which of the following factors increases an organization's inherent inclination toward committing crime?