CFE Fraud Prevention and Deterrence Exam Questions

1. CFE Fraud Prevention and Deterrence Training Questions Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Certified Fraud Examiner - Fraud Prevention and Deterrence Exam https://www.passquestion.com/cfe-fraud-prevention-and-deterrence.html

2. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 1 Maria conducted a fraud examination that led to a valid confession of guilt from Rita. In Maria's 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." 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. Maria has just violated the ACFE Code of Professional Ethics. A. True A. True B. False B. False Answer: B Answer: B

3. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 2 According to G20/OECD Principles of Corporate Governance (the Principles): According to G20/OECD Principles of Corporate Governance (the Principles): A. Governments should have in place a corporate governance framework that promotes transparent and fair A. Governments should have in place a corporate governance framework that promotes transparent and fair markets markets B. Companies should disclose all financial information to investors, regardless of the cost burden of the B. Companies should disclose all financial information to investors, regardless of the cost burden of the disclosure disclosure C. A corporate governance framework should focus on the rights of shareholders but does not need to C. A corporate governance framework should focus on the rights of shareholders but does not need to include the rights of other organizational stakeholders include the rights of other organizational stakeholders D. All of the above D. All of the above Answer: A Answer: A

4. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 3 The Committee of Sponsoring Organizations of the Treadway Commission (COSO) The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines_____________as "a process, effected by an entity s board of directors management. 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 and other personnel designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance." objectives relating to operations, reporting, and compliance." A. Fraud risk management A. Fraud risk management B. Corporate compliance B. Corporate compliance C. Internal control C. Internal control D. Risk assessment D. Risk assessment Answer: C Answer: C

5. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 4 Which of the following is an example of organizational crime? Which of the following is an example of organizational crime? A. doctor conspiring with patients to file false health care insurance claims A. doctor conspiring with patients to file false health care insurance claims B. A salesman offering bribes to secure a contract B. A salesman offering bribes to secure a contract C. An accounting clerk forging company checks to herself C. An accounting clerk forging company checks to herself D. Management of several construction companies engaging in bid rigging D. Management of several construction companies engaging in bid rigging Answer: C Answer: C

6. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 5 In response to a risk identified during a fraud risk assessment, management decides to purchase 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 fidelity insurance to help protect the company against the associated risk of loss This response is known as: known as: A. Mitigating the risk A. Mitigating the risk B. Assuming the risk B. Assuming the risk C. Avoiding the risk C. Avoiding the risk D. Transferring the risk D. Transferring the risk Answer: D Answer: D

7. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 6 Independent auditors play a critical role in enhancing the reliability of financial information by Independent auditors play a critical role in enhancing the reliability of financial information by financial position and performance in compliance with accepted accounting standards. financial position and performance in compliance with accepted accounting standards. A. True A. True B. False B. False Answer: A Answer: A

8. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 7 Which of the following statements regarding white-collar defendants is TRUE? Which of the following statements regarding white-collar defendants is TRUE? A. The lower the offenders' social status, the more likely they are to be imprisoned A. The lower the offenders' social status, the more likely they are to be imprisoned B. They are more likely to be fined than to face prison terms as punishment B. They are more likely to be fined than to face prison terms as punishment C. They are less likely to insist on a trial than other offenders C. They are less likely to insist on a trial than other offenders D. All of the above D. All of the above Answer: B Answer: B

9. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 8 The fact that most groups within groups a society have the same ideas of right and wrong greatly 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. assists in the ability to determine the correct ethical decision in a given situation. A. True A. True B. False B. False Answer: B Answer: B

10. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 9 Which of the following statements about the fraud risk assessment process is MOST Which of the following statements about the fraud risk assessment process is MOST ACCURATE"? ACCURATE"? A. To ensure the independence of the team members a fraud risk assessment must be A. To ensure the independence of the team members a fraud risk assessment must be conducted by a consultant or other external party. conducted by a consultant or other external party. B. The assessment team must be perceived as independent and objective by others for the B. The assessment team must be perceived as independent and objective by others for the assessment to be effective assessment to be effective C. If the individuals conducting the fraud risk assessment truly believe that fraud could not C. If the individuals conducting the fraud risk assessment truly believe that fraud could not happen at the organization the assessment process should reflect that belief. happen at the organization the assessment process should reflect that belief. D. The fraud risk assessment is most effective when management s influence on the process is D. The fraud risk assessment is most effective when management s influence on the process is limited. limited. Answer: A Answer: A

11. PassQuestion CFE Fraud Prevention and Deterrence Training Questions ensure your 100% success Question 10 Thea is conducting a fraud examination for a company and suspects one of the company’s Thea is conducting a fraud examination for a company and suspects one of the company’s vendors (a one-person operation) of fraudulent biting. Thea wants to obtain a copy of the vendors (a one-person operation) of fraudulent biting. Thea wants to obtain a copy of the suspect individuals credit report and personal data from a third-party information broker. If suspect individuals credit report and personal data from a third-party information broker. If Thea works In a jurisdiction that regulates the distribution of personal credit information she Thea works In a jurisdiction that regulates the distribution of personal credit information she cannot obtain the suspects personal credit data under any circumstances. cannot obtain the suspects personal credit data under any circumstances. A. True A. True B. False B. False Answer: B Answer: B