CFE Fraud Prevention And Deterrence Dumps Questions Online

1. Maria conducted a fraud examination that led to a valid confession of guilt from Rita. In Maria's verbal report to her superiors, she stated that, in her opinion. "Rita is guilty of embezzlement." Maria has just violated the ACFE Code of Professional Ethics.

2. According to G20/OECD Principles of Corporate Governance (the Principles):

3. 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."

4. Which of the following is an example of organizational crime?

5. 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:

6. Independent auditors play a critical role in enhancing the reliability of financial information by financial position and performance in compliance with accepted accounting standards.

7. Which of the following statements regarding white-collar defendants is TRUE?

8. The fact that most groups within groups a society have the same ideas of right and wrong greatly assists in the ability to determine the correct ethical decision in a given situation.

9. Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?

10. Which of the following statements about the fraud risk assessment process is MOST ACCURATE"?

11. Which of the following is FALSE regarding the fraud risk assessment team?

12. As part of her audit of ABC Corp . Rachel, a CPA. is identifying the risks of material misstatement due to fraud As part of this task, she should evaluate any unexpected relationships that she identified in performing analytical procedures.

13. Management at ABC Corp. is assessing the company s ethical tone and how it affects the organization s fraud risk. To most effectively reinforce an anti-fraud culture, management should

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

15. Employee anti-fraud education should:

16. The Public Interest Oversight Board (PIOB) is the global body responsible for establishing international corporate governance standards.

17. Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?

18. In a company with all of the following parties, who should have primary responsibility for the oversight of the organization s compliance program?

19. International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the prevention and detection of fraud within an organization

20. Which of the following statements is FALSE regarding an organization's fraud risk management program1?

21. Which of the following is FALSE regarding corporate governance'

22. Which of the following theories suggests that, when considering the possibility of violating a law. people are likely to ask themselves. "What would my family and friends think if they find out?

23. An effective system of internal controls:

24. Which of the following is FALSE regarding a fraud risk assessment?

25. To be in compliance with the ACFE Code of Professional Ethics, fraud examiners must have:

26. Which of the following is FALSE regarding corporate governance'

27. Professional auditing standards suggest that auditors incorporate an "element of predictability" in the selection of auditing procedures to be performed so that they ensure the same areas are tested in the same manner during each audit.

28. Julia is conducting a formal assessment of XYZ Corporation s ethical culture To which of the five components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control―Integrated Framework (the Framework) does her assessment pertain?

29. In identifying the inherent fraud risks that could apply to the organization the fraud risk assessment team should discuss

30. Which of the following is NOT one of the three general approaches used to control corporate crime?

31. According to the differential reinforcement theory, behavior is weakened when positive rewards are gained or punishment is avoided

32. White, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. She did not find fraud, but. in White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud. Under the ACFE Code of Professional Ethics. White may include her opinion on the controls in her report to management

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

34. The findings of the 2018 Report to the Nations include all of the following EXCEPT:

35. Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treactway Commission's (COSO) Enterprise Risk Management―Integrating with Strategy and Performance?