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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Professional Ethics5–10%- Conflicts of interest and integrity
- Ethical decision-making
- ACFE Code of Professional Ethics
Fraud Risk Assessment15–20%- Risk analysis and prioritization
- Risk identification methodologies
- Assessment implementation and documentation
Understanding Criminal Behavior5–10%- Behavior modification principles
- Theories of crime causation
  • 1. Differential association theory
  • 2. Rational choice and routine activities theory
  • 3. Social control and social learning theory
Fraud Prevention Programs15–20%- Monitoring and continuous improvement
- Communication and training
- Designing prevention strategies
Corporate Governance20–25%- Internal control systems
  • 1. COSO five components
    - Governance frameworks and principles
    • 1. Treadway Commission (COSO)
      • 2. OECD guidelines
        - Roles of board, management, auditors
        White-Collar Crime15–20%- Impact on organizations and society
        - Definition and characteristics
        - Causal factors and opportunity structures
        - Organizational vs occupational crime
        - Legal prosecution and sanctions
        Management's Fraud-Related Responsibilities5–10%- Reporting mechanisms
        - Oversight and accountability
        - Establishing anti-fraud policies

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        ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q144-Q149):

        NEW QUESTION # 144
        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?

        Answer: A

        Explanation:
        Independent oversight, while important in governance, is not explicitly listed as one of the five COSO components. It may relate to broader governance structures but is not a core component of the internal control framework.


        NEW QUESTION # 145
        Which of the following choices is an example of an anti-fraud control that is primarily preventive in nature?

        Answer: A

        Explanation:
        Employee background checks are considered a preventive control because they are designed to identify potentially risky hires before employment. The manual states that "background checks are a front-line preventive measure in combating fraud by screening out individuals who pose higher risk."


        NEW QUESTION # 146
        Which of the following is TRUE regarding the G20/OECD Principles of Corporate Governance?

        Answer: C

        Explanation:
        The G20/OECD Principles of Corporate Governance advocate for transparent and fair markets and the efficient allocation of resources, making Option A the correct statement. These principles are internationally recognized as a standard for policy makers, investors, corporations, and other stakeholders worldwide. The principles are intended to apply to both developed and emerging markets, not justemerging ones (rejecting Option C), and while influential, they are not legally binding mandates (rejecting Option D). They also support the equitable treatment of shareholders, regardless of share class (rejecting Option B).


        NEW QUESTION # 147
        Aqua Corp.'s board of directors is meeting to discuss fraud risk management within the organization. Which of the following activities is among the board of directors' primary responsibilities related to fraud risk management for the company?

        Answer: C


        NEW QUESTION # 148
        Which of the following is a detective anti-fraud control?

        Answer: B

        Explanation:
        Detective Anti-Fraud Controls:
        These controls aim to identify fraud after it has occurred. Independent reconciliations are an example of such controls because they verify transactions and accounts to detect discrepancies.
        Why B is Correct:
        Independent reconciliations are specifically designed to identify errors or fraud in financial records.


        NEW QUESTION # 149
        ......

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