[2024] Use Real ACFE Dumps - 100% Free CFE-Fraud-Prevention-and-Deterrence Exam Dumps
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To be eligible to take the CFE-Fraud-Prevention-and-Deterrence exam, candidates must have a minimum of a bachelor's degree and two years of professional experience in a field related to fraud prevention and deterrence. Candidates who do not meet these requirements may still be eligible to take the exam if they have significant experience in the field.
NEW QUESTION # 83
According to Diane Vaughan. which of the following factors increases an organization's inherent inclination toward committing crime?
- A. Management encourages employee loyalty through social functions
- B. Rewards are given to employees who challenge the status quo
- C. All of the above
- D. Management separates employee performance goals from company performance goals
Answer: A
NEW QUESTION # 84
Criminologist Charles McCaghy has stated that regulatory pressure is the single most compelling factor behind deviance by organizations.
- A. True
- B. False
Answer: B
NEW QUESTION # 85
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?
- A. Behavioral theory
- B. Cognitive theory
- C. Routine activities theory
- D. Social control theory
Answer: D
NEW QUESTION # 86
Which of the following is NOT a responsibility of the organization's board of directors?
- A. Directing employees to execute business activities
- B. Serving as the intermediaries between shareholders and management
- C. Assessing the strategy and underlying purpose of management's decisions and actions
- D. Acting as guardians of the organization's resources and assets
Answer: A
NEW QUESTION # 87
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. The process of learning criminal behavior Is the same as pure imitation
- C. Criminal behavior is learned using the same mechanisms as other learning
- D. Criminal behavior is learned from other people in a process of communication
Answer: A
NEW QUESTION # 88
Which of the following statements regarding recommended vendor due diligence procedures is MOST ACCURATE?
- A. An organization should subject vendors to an internal audit conducted by the organization's own auditors before agreeing to do business with them.
- B. An organization should avoid revealing that it is seeking information about potential vendors prior to starting a relationship with them.
- C. An organization should request that new vendors fill out a questionnaire about their background immediately after signing a contract with them.
- D. An organization should include a clause in the contract requiring the vendor to report any misconduct before entering into an agreement with them.
Answer: D
NEW QUESTION # 89
Based on research regarding the criminogenic nature of organizations, employees with strong personal values and ethics will always disobey a superior's direct order to engage in fraudulent behavior, despite an inherent desire to obey authority figures.
- A. Flase
- B. True
Answer: A
NEW QUESTION # 90
XYZ. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that XYZ is subject to?
- A. XYZ is required to comply with G20'OECD Principles of Corporate Governance.
- B. XYZ is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.
- C. XYZ is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions
- D. XYZ must comply with the various laws and regulations in the countries in which it operates
Answer: D
NEW QUESTION # 91
Which of the following statements is FALSE regarding an organization's fraud risk management program?
- A. A specific individual or team should be designated as responsible for monitoring compliance with the program
- B. Formal sanctions for intentional noncompliance should be determined and enacted privately
- C. The program must include mechanisms to address breaches in compliance.
- D. The punishment for intentional noncompliance should be carried out in a consistent and firm manner.
Answer: B
NEW QUESTION # 92
Which of the following criminological theories asserts that the three elements that have the most influence on crime are the availability of suitable targets, absence of capable guardians, and presence of motivated offenders?
- A. Differential association theory
- B. Routine activities theory
- C. Rational choice theory
- D. Social control theory
Answer: C
NEW QUESTION # 93
According to the results of behavioral studies, such as those conducted by B. F. Skinner, application of punishment to undesired behavior typically results in which of the following?
- A. No effect on the occurrence of the undesired behavior
- B. increase in the occurrence of the undesired behavior
- C. Temporary suppression of the undesired behavior
- D. Permanent suppression of the undesired behavior
Answer: C
NEW QUESTION # 94
According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud, while_________schemes are the MOST COSTLY form of occupational fraud.
- A. Corruption, asset misappropriation
- B. Asset misappropriation; corruption
- C. Asset misappropriation: financial statement fraud
- D. Financial statement fraud: corruption
Answer: D
NEW QUESTION # 95
The existence of many specialized departments within a company generally decreases the overall risk of fraud within the organization
- A. True
- B. False
Answer: A
NEW QUESTION # 96
Which of the following would most likely be a violation of the ACFE Code of Professional Ethics?
- A. Stephanie, a CFE. accepted a fraud examination assignment and then instructed a lower-level employee to assess the company's cash records for signs of fraud She took his word when he said there was no evidence of wrongdoing and ended up failing to uncover a very costly fraud scheme.
- B. Susan, a CFE was hired by a client to conduct a fraud examination but found nothing amiss A year later, she received a legal order from the local prosecutor's office to provide the client's file Susan complied with the court order, even though she did not have the client's authorization to do so
- C. Green, a CFE. uncovered several material internal control deficiencies unrelated to the financial statement fraud he was investigating. In his final report to management. Green included information about the deficiencies even though they were unrelated to the situation he was hired to investigate.
- D. All of the above are violations
Answer: A
NEW QUESTION # 97
A government auditor is conducting a financial statement audit of a public-sector entity in accordance with the International Standards of Supreme Audit Institutions (ISSAI). Which of the following is TRUE regarding the auditor's consideration of fraud during this engagement?
- A. The auditor has the automatic ability to withdraw from the audit engagement if fraud is found.
- B. The requirements found in International Standard on Auditing (ISA) 240 do not apply to the engagement
- C. In addition to fraud, the auditor should remain alert to potential occurrences of abuse during the audit.
- D. The objectives of the audit are likely narrower than those of a private-sector financial statement audit.
Answer: C
NEW QUESTION # 98
During the course of a fraud examination. While, an employee of the ABC Corp.. approaches Blue, a Certified Fraud Examiner (CFE), and tells Blue that she wishes to furnish information in confidence. Blue also is employed by the ABC Corp. Blue should:
- A. Tell White that she will try to keep the information as confidential as possible
- B. Agree that the information will be held in confidence, even though Blue knows it will not be
- C. Take White's request straight to ABC Corp.'s management
- D. Not agree to the request for confidentiality
Answer: D
NEW QUESTION # 99
Which of the following is TRUE regarding prosecutions of white-collar criminals?
- A. Only a small percentage of perpetrators are punished when an organization deals with a fraud case internally.
- B. Most fraud cases are only handled internally and are not referred to law enforcement for prosecution
- C. When fraud cases are handled internally, an employee is more likely to be suspended or put on probation than to be terminated for their crime.
- D. The primary reason organizations decline to prosecute fraud cases is a belief that their internal discipline methods are sufficient
Answer: A
NEW QUESTION # 100
Which of the following is a best practice to ensure a successful fraud reporting program?
- A. The company should require employees with information about potential fraud to report it directly and only to their immediate supervisor.
- B. The company should communicate that fraud, waste, and abuse are more likely to occur in large organizations than small ones.
- C. Employees are held accountable for reporting tips that are not able to be substantiated
- D. Employees should be informed that, to the extent possible, their names will not be disclosed.
Answer: D
NEW QUESTION # 101
Julia is conducting a formal assessment of XYZ Corporation s ethical culture To which of the five components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control-Integrated Framework (the Framework) does her assessment pertain?
- A. Information and communication
- B. Control activities
- C. Monitoring
- D. Control environment
Answer: D
NEW QUESTION # 102
Which of the following is NOT a responsibility of the organization s board of directors?
- A. Acting as guardians of the organization s resources and assets
- B. Managing the performance of employees charged with carrying out business activities
- C. Serving as the middlemen between shareholders and management
- D. Assessing the strategy and underlying purpose of management's decisions and actions
Answer: C
NEW QUESTION # 103
Blue, a Certified Fraud Examiner (CFE). had an ethical dilemma regarding the contract governing one of his professional engagements. Which of the following sources of guidance would be considered the lowest level of reference to help Blue in determining the most ethical course of action?
- A. Moral philosophical principles
- B. The ACFE Code of Professional Ethics
- C. The handling of similar situations by individuals he respects
- D. Contract law
Answer: C
NEW QUESTION # 104
Which of the following principles of corporate governance pertains to the duty of the organization to act in the best interest of society?
- A. Responsibility
- B. Accountability
- C. Fairness
- D. Transparency
Answer: A
NEW QUESTION # 105
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