Pass CFE-Fraud-Prevention-and-Deterrence Exam in First Attempt Guaranteed 2021 Dumps!
CFE-Fraud-Prevention-and-Deterrence Dumps Full Questions - Exam Study Guide
NEW QUESTION 16
According to modern criminological studies, which of the following is the determinant aspect of white-collar crime'?
- A. Potential legal punishment
- B. Absence of risk factors
- C. Organizational opportunity
- D. Social status
Answer: D
NEW QUESTION 17
In response to an employee s failure to meet performance expectations. a manager demotes the employee to a junior-level position This is an example of what type of behavioral response?
- A. Punishment
- B. Negative reinforcement
- C. None of the above
- D. Positive reinforcement
Answer: C
NEW QUESTION 18
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.
- A. False
- B. True
Answer: A
NEW QUESTION 19
The objectives of a fraud risk management program include
- A. All of the above
- B. Proactively identifying fraud risks
- C. Limiting the damage caused by fraud occurrences
- D. Punishing fraud perpetrators
Answer: A
NEW QUESTION 20
Which of the following is NOT considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics? )
- A. Undertaking engagements for both sides in a case of an alleged product substitution scheme
- B. Accepting an assignment to assess red flags of fraud at an organization in which the fraud examiner is a partner, provided the fraud examiner's ownership interest is disclosed
- C. Undertaking an engagement that decreases the fraud examiner's ability to perform their duties for their full-time employer
- D. Accepting an assignment to secretly infiltrate the fraud examiner s employing organization and transmit inside information to another party
Answer: A
NEW QUESTION 21
During the course of a fraud examination. Stefan, an employee of Acme Inc., approaches Marten, a Certified Fraud Examiner (CFE) and fellow employee of Acme, and tells him that he knows of a major fraud being committed by the chief financial officer (CFO). However. Stefan says he can only provide details if Marten promises him absolute confidentiality. How should Marten respond?
- A. Not agree to the request for confidentiality
- B. Tell Stefan that he will try to keep the information as confidential as possible
- C. Agree that the information will be held in confidence, even though Marten knows it will not be
- D. Take Stefan's request straight to Acme Inc.'s management
Answer: B
NEW QUESTION 22
The objective of anti-fraud controls is to:
- A. Reduce the residual fraud risk to a level that is significantly smaller than the inherent fraud risk
- B. Completely eliminate inherent fraud risk
- C. Completely eliminate residual fraud risk
- D. Reduce the inherent fraud risk to a level that is significantly smaller than the residual fraud risk.
Answer: C
NEW QUESTION 23
Which of the following is FALSE regarding the process of defining the objective of the fraud risk management program?
- A. Management should express risk appetite in a manner that is appropriate for and unique to the organization s culture and operations.
- B. Management must assign a quantitative measure to its risk appetite so that it can accurately measure the fraud risk management program s effectiveness
- C. Management must consider the total amount of fraud risk it is willing to accept when determining fraud risk management objectives
- D. Management should examine previous fraud occurrences to determine how the ideal fraud risk management program would have prevented them.
Answer: C
NEW QUESTION 24
In identifying the inherent fraud risks that could apply to the organization the fraud risk assessment team should discuss
- A. All of the above
- B. Risks to the organization's reputation
- C. The organization's incentive programs
- D. The possibility of management override of controls
Answer: A
NEW QUESTION 25
Which of the following is an example of organizational crime?
- A. An accounting clerk forging company checks to herself
- B. Management of several construction companies engaging in bid rigging
- C. doctor conspiring with patients to file false health care insurance claims
- D. A salesman offering bribes to secure a contract
Answer: A
NEW QUESTION 26
According to the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control-Integrated Framework (the Framework), there are five interrelated components of a company's internal control. Which of the following is NOT among these five components?
- A. Control activities
- B. Monitoring
- C. Ethical culture
- D. Risk assessment
Answer: C
NEW QUESTION 27
Which of the following best describes the purpose of The National Commission on Fraudulent Financial Reporting (the Treadway Commission)?
- A. Studying the effect of the threat of vicarious liability on the behavior of corporate executives
- B. Defining the responsibility of the auditor in preventing and detecting fraud
- C. Designing a model corporate compliance program
- D. Determining the specific requirements of the Principles of Risk Management
Answer: B
NEW QUESTION 28
Effective risk management involves balancing which of the following?
- A. The organization s financial reporting model and its risk tolerance
- B. The organization s risk appetite and its ability to meet its objectives
- C. The organization s internal controls and its financial goals
- D. The organization s regulatory requirements and its available resources
Answer: D
NEW QUESTION 29
The theory of differential association is used frequently to explain white-collar criminality Which of the following is NOT one of the assertions or principles of differential association?
- A. Criminal behavior is acquired through participation with intimate personal groups
- B. Criminal behavior is learned using the same mechanisms as other learning
- C. The process of learning criminal behavior Is the same as pure imitation
- D. Criminal behavior is learned from other people in a process of communication
Answer: A
NEW QUESTION 30
Which of the following is NOT a responsibility of the organization s board of directors?
- A. Assessing the strategy and underlying purpose of management's decisions and actions
- B. Serving as the middlemen between shareholders and management
- C. Managing the performance of employees charged with carrying out business activities
- D. Acting as guardians of the organization s resources and assets
Answer: B
NEW QUESTION 31
......
Certified Fraud Examiner Free Certification Exam Material from Exams4Collection with 99 Questions: https://www.exams4collection.com/CFE-Fraud-Prevention-and-Deterrence-latest-braindumps.html
Use Real CFE-Fraud-Prevention-and-Deterrence - 100% Cover Real Exam Questions: https://drive.google.com/open?id=1kgzKvYcfHjymMvoBSXCxiD81X07sRROu
