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 CFE-Fraud-Prevention-and-Deterrence Dumps with Practice Exam Questions Answers

Questions: 141 questions

Last Update: Nov 18, 2024

ACFE Certification Exam CFE-Fraud-Prevention-and-Deterrence has been designed to measure your skills in handling the technical tasks mentioned in the certification syllabus

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CFE-Fraud-Prevention-and-Deterrence Questions and Answers

Question # 1

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

A.

Obtaining reasonable assurance 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 indicators of fraud and deciding whether any further action is necessary or whether an investigation should be recommended

D.

Establishing and maintaining effective anti-fraud controls at a reasonable cost

Question # 2

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?

A.

Perceived non-shareable financial need

B.

Rationalization

C.

Perceived opportunity

D.

Lack of personal Integrity

Question # 3

Which of the following theories suggests that, when considering the possibility of violating a law. people are likely to ask themselves. "What will my spouse think if they find out?"

A.

Social control theory

B.

Operant theory

C.

Cognitive theory

D.

Behavioral theory

Question # 4

ABC. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that ABC is subject to?

A.

ABC must comply with specific listing standards for the stock exchange(s) on which it is listed

B.

ABC is required to comply with G20/OECD Principles of Corporate Governance

C.

ABC is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions

D.

ABC is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.

Question # 5

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:

A.

Confront Bridgette about the disagreements and discuss how they increase the department's risk of fraud.

B.

Include her disagreements with Bridgette as a factor when assessing the risk of fraud in the accounts receivable department.

C.

Automatically designate the accounts receivable department as a high-risk area.

D.

Have someone else perform the fraud risk assessment work related to the accounts receivable department's activities.