ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence - CFE-Fraud-Prevention FREE EXAM DUMPS QUESTIONS & ANSWERS

A. Serving as the intermediary between staff-level employees and management. B. Assessing the strategy and underlying purpose of management's decisions and actions. C. Directing employees to organize and execute business activities. D. Electing the company shareholders and supervising their decisions and actions.

A. It prioritizes implementing detective controls over preventive controls. B. It deters fraudsters by increasing the perception that fraud will be detected. C. It fully eliminates the risk of fraud by removing opportunities for misbehavior. D. It focuses more on preventive controls than detective controls.

A. Cognitive theory B. Operant theory C. Social control theory D. Behavioral theory

A. Fraud risks remain constant over time B. Business processes, personnel, and risks change over time C. Regulations prohibit reassessment D. External audits eliminate the need for updates

A. It is best to avoid formally documenting organizational structures to limit fraudsters' ability to circumvent oversight controls. B. Flowcharts displaying departmental structures can be a helpful tool in communicating the proper flow of information as part of fraud prevention efforts. C. Communicating the proper flow of information to everyone in the organization can increase the organization's vulnerability to fraud. D. A confused organizational structure makes it harder for a fraudster to perpetrate and conceal their misdeeds.

A. Attesting that the organization's financial statements are free of material misstatements caused by fraud B. Overseeing management's actions to manage fraud risks C. Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program D. Reporting to regulators regarding the entity's vulnerability to fraud

A. Desire for recognition, lack of separation of duties B. High personal debt; lack of separation of duties C. Revenge: too much trust in key employees D. Living beyond their means, too much trust in key employees

A. Most fraudsters have previous criminal convictions for fraud-related offenses. B. An unwillingness to share duties is the most reported red flag displayed by fraud perpetrators prior to the detection of their crime. C. Frauds committed by staff-level employees cause higher median losses than those committed by owners and executives. D. Men commit significantly more frauds than women do.

A. Po may include her opinion on the internal controls in her report to management only if management agrees to compensate her for the addition. B. Po may not include her opinion on the internal controls in her report to management because that is not what she was hired to assess. C. Po may include her opinion on the internal controls in her report to management because it is a technical matter. D. Po may include her opinion on the internal controls in her report to management only if she amends her contract.

A. Asset misappropriation; corruption B. Financial statement fraud: corruption C. Corruption, asset misappropriation D. Asset misappropriation: financial statement fraud

A. The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders. B. The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them C. The Principles are intended to be applicable in developed economies but not in emerging markets. D. The Principles state that an entity's corporate governance framework should discourage active cooperation between corporations and stakeholders in creating wealth.

A. Interviews B. Anonymous feedback mechanisms C. Surveys D. Focus groups

A. Internal audit B. Management review C. External audit D. Tips

A. A specific individual or team should be designated as responsible for monitoring compliance with the program B. The punishment for intentional noncompliance should be carried out in a consistent and firm manner. C. The program must include mechanisms to address breaches in compliance. D. Formal sanctions for intentional noncompliance should be determined and enacted privately

A. Susannah should not disclose her findings to any other parties due to client confidentiality. B. Susannah should Immediately report her findings to the secunties regulators C. Susannah should report her findings to the audit committee of the board of directors. D. Susannah should confront management with her audit findings and try to get a confession.