Share 20 More Demo Questions in CFE Fraud Prevention and Deterrence Free Dumps (Part 3, Q81-Q100): Help You Verify the V12.03 Today

1. Which of the following is TRUE regarding the internal audit function's reporting responsibilities pertaining to fraud?

2. Which of the following is NOT a purpose served by a professional organization's code of conduct?

3. Formally documenting and communicating organizational hierarchies, including the proper flow of information, can hinder an organization's fraud prevention initiatives.

4. Black, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. He did not find fraud, but. in Black's opinion, the controls he examined were deficient. Under the ACFE Code of Professional Ethics. Black is not permitted to express his opinion on the deficient controls.

5. According to the Committee of Sponsoring Organizations of the Treadway Commission (COSO).________Is "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."

6. Jody has been working at ABC Corp. for ten years. He steals funds from the company and tells himself that the company owes it to him for his "unrewarded hard work and loyalty" This situation BEST illustrates which leg of the Fraud Triangle?

7. The findings in the 2020 Report to the Nations include which of the following?

8. While, 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.

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

10. Which of the following is NOT a factor that directors and management should consider when developing a corporate governance framework for an organization?

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

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

13. During a fraud risk assessment, the assessment team is seeking information on the ethical tone set by upper and middle managers. The team members determine that, for this task, they would like to get candid one-on-one feedback from employees away from their peers.

Which of the following techniques would be most helpful for them to use in gathering this information?

14. Green, a Certified Fraud Examiner (CFE). had an ethical dilemma regarding her business contract with her professional partners.

Which of the following sources of guidance would be considered the lowest level of reference to help Green in determining the most ethical course of action?

15. Which of the following statements regarding recommended vendor due diligence procedures is MOST ACCURATE?

16. Blue. Inc. is a specialty retailer of customized shipping containers. The company receives a very large order from Green Company, a new customer from a country that is known to have high corruption risks.

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

17. Which principle of corporate governance pertains to the disclosure of all material matters that the shareholders need to make timely and informed decisions regarding their investment in the company?

18. The internal auditor's fraud-related responsibilities include which of the following?

19. Glenda. an internal auditor, and Brldgette. an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies. Glenda has just been told that she will be the lead on the company's fraud risk assessment.

During the fraud risk assessment. Glenda should:

20. During an external audit, the audit team identifies evidence that management has intentionally omitted some expenses from the company's financial statements in order to conceal an asset misappropriation scheme. However, the amount of the resulting misstatement does not meet the quantitative materiality threshold for the audit.

Which of the following is TRUE regarding this situation?