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| Section | Weight | Objectives |
|---|
| Professional Ethics | 5–10% | - Conflicts of interest and integrity - Ethical decision-making - ACFE Code of Professional Ethics
|
| Fraud Risk Assessment | 15–20% | - Risk analysis and prioritization - Risk identification methodologies - Assessment implementation and documentation
|
| Understanding Criminal Behavior | 5–10% | - 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 Programs | 15–20% | - Monitoring and continuous improvement - Communication and training - Designing prevention strategies
|
| Corporate Governance | 20–25% | - Internal control systems - Governance frameworks and principles
- 1. Treadway Commission (COSO)
- 2. OECD guidelines
- Roles of board, management, auditors
|
| White-Collar Crime | 15–20% | - 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 Responsibilities | 5–10% | - 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?
- A. Independent oversight
- B. Monitoring
- C. Information and communication
- D. Control environment
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?
- A. Employee background checks
- B. Continuous audit techniques
- C. Proactive data analysis techniques
- D. Whistleblower hotline
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?
- A. They assert that a corporate governance framework should ensure that the treatment of shareholders differs based on the class of stock they own.
- B. They are intended to be applicable in emerging markets but not in developed economies.
- C. They state that a corporate governance framework should promote transparent and fair markets and the efficient allocation of resources.
- D. They are required to be implemented by all corporations in the jurisdictions that have officially adopted them.
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?
- A. Implementing the fraud risk management program throughout the organization.
- B. Monitoring and proactively improving the fraud risk management program.
- C. Overseeing the organization's fraud risk management activities.
- D. Performing and regularly updating the fraud risk assessment.
Answer: C
NEW QUESTION # 148
Which of the following is a detective anti-fraud control?
- A. Separation of duties
- B. Independent reconciliations
- C. Hiring policies and procedures
- D. Fraud awareness training
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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