The Most In-Demand ACFE CFE-Fraud-Prevention-and-Deterrence Pass Guaranteed Quiz [Q40-Q55]

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The Most In-Demand ACFE CFE-Fraud-Prevention-and-Deterrence Pass Guaranteed Quiz

New Version CFE-Fraud-Prevention-and-Deterrence Certificate & Helpful Exam Dumps is Online

To be eligible for the CFE-Fraud-Prevention-and-Deterrence certification exam, candidates must meet specific educational and professional requirements. Applicants must have a minimum of a bachelor’s degree from an accredited institution and two years of relevant professional experience in fraud examination, auditing, or investigations. Alternatively, applicants can have a master’s degree or higher in business, accounting, or finance and one year of professional experience.

QUESTION 40
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?

Interviews

Focus groups

Anonymous feedback mechanisms

Surveys

QUESTION 41
Which of the following is TRUE regarding an organization s ethics program?

To be most effective, access to the organization s ethics policy should be restricted to employees and other internal parties only

In designing the ethics program, management should consider whether the organization currently has any ethical leadership issues

An effective written ethics policy alone is sufficient to communicate managements ethical philosophy and serve as a comprehensive ethics program

All of the above

QUESTION 42
Employees should be kept unaware that management is watching for lifestyle and behavior changes In staff members that might indicate fraud.

True

False

QUESTION 43
Smith, a retail sales manager, wants to decrease the level of cash register over-and-short discrepancies among his sales team. According to behaviorist theories, which of the following options would be the most effective way for Smith to encourage his team members to keep their cash drawers in balance?

Offer a bonus to anyone whose drawer reconciles perfectly for sixty days.

Take away an hour of paid time off for each time the drawer is over or short.

Publicly call out and criticize employees whose cash drawers are over or short

Demote employees who continue to have reconciliation discrepancies

QUESTION 44
In the context of fraud examination, integrity requires all of the following EXCEPT:

Subordination of desires for personal gain to the interests of clients, employers, and the public

Avoidance of differences of opinion

Independence of mental attitude

An ability to analyze situations where no professional rules are specifically applicable and determine right from wrong

QUESTION 45
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?

Cognitive theory

Social control theory

Behavioral theory

Routine activities theory

QUESTION 46
Which of the following is FALSE regarding G20/OECD Principles of Corporate Governance (the Principles)?

The Principles state that an entity’s corporate governance framework should ensure the equitable treatment of all shareholders

The Principles state that an entity’s corporate governance framework should encourage active cooperation between corporationfiand stakeholders in creating wealth.

The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them

The Principles are intended to be applicable in both developed economies and emerging markets

QUESTION 47
For its compliance program lo 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.

True

False

QUESTION 48
Which of the following is FALSE regarding an organization’s anti-fraud policy?

A detailed anti-fraud policy can make it easier to investigate and punish employees who commit fraud and other dishonest acts.

One of the most important considerations in developing the anti-fraud policy is to ensure every allegation is handled in a uniform-manner

To avoid legal problems in discharging employees, the anti-fraud policy should not include any specific examples of fraud and misconduct

In developing the anti-fraud policy, management should check with legal counsel regarding any legal considerations with respect to the policy

QUESTION 49
Which of the following is NOT considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics?

Accepting an assignment to secretly infiltrate the fraud examiner’s employing organization and transmit inside information to another party

Undertaking an engagement that decreases the fraud examiner’s ability to perform their duties for their full-time employer

Accepting an assignment to evaluate the anti-fraud controls at an organization in which the fraud examiner is a shareholder, provided the fraud examiner’s ownership interest is disclosed

Undertaking engagements for both sides in a case of alleged vendor overbilling

QUESTION 50
Which of the following is NOT a responsibility of the organization s board of directors?

Acting as guardians of the organization s resources and assets

Managing the performance of employees charged with carrying out business activities

Assessing the strategy and underlying purpose of management’s decisions and actions

Serving as the middlemen between shareholders and management

QUESTION 51
Which of the following statements is FALSE regarding an organization’s fraud risk management program1?

A Formal sanctions for intentional noncompliance should be well-publicized throughout the company

There should be measures in place to address failures in the design or operation of anti-fraud controls, as well as fraud occurrervces

The program must include mechanisms to monitor and identify breaches in compliance

The responsibility of handling suspected incidences of noncompliance should be delegated to someone outside of the company

QUESTION 52
Which of the following is NOT included in the five fraud risk management principles described

Communicating the expectations of those governing the fraud risk management program

Deploying preventive and detective fraud control activities to mitigate fraud risk

Performing comprehensive fraud risk assessments to identify specific fraud schemes

Developing one-time evaluations for each fraud risk management principle

QUESTION 53
According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?

Internal audit

Confession

Tips

External audit

QUESTION 54
The generation and use of relevant, quality information to support the functioning of internal control is a principle related to which component of the Committee of Sponsoring Organizations of the Treadway Commissions (COSO) Internal Control-Integrated Framework (the Framework)?

Risk assessment

Control environment

Monitoring

Information and communication

QUESTION 55
Which of the following is FALSE regarding the fraud risk assessment learn?

The team members should have experience in gathering and eliciting information

The team members might include both internal and external sources.

The team size should be limited to a maximum of three individuals

The team should consist of individuals with diverse knowledge, skills, and perspectives

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ACFE CFE-Fraud-Prevention-and-Deterrence Certification Exam is a globally recognized certification that validates the knowledge and skills of professionals in the field of fraud prevention and deterrence. Certified Fraud Examiner – Fraud Prevention and Deterrence Exam certification is offered by the Association of Certified Fraud Examiners (ACFE) and is designed to equip professionals with the necessary tools to detect, prevent, and investigate fraud in their organizations. Certified Fraud Examiner – Fraud Prevention and Deterrence Exam certification exam covers a wide range of topics including fraud prevention, detection, investigation, and reporting.

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