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| Section | Weight | Objectives |
|---|
| Topic 1: Corporate Governance and Ethics | 25% | - Code of conduct and compliance programs - Ethical culture and tone at the top
|
| Topic 2: Internal Controls and Fraud Prevention | 25% | - Fraud detection and prevention controls - Internal control design and effectiveness
|
| Topic 3: Fraud Prevention Framework | 25% | - Fraud risk assessment processes - Fraud risk governance and oversight
|
| Topic 4: Fraud Risk Management and Deterrence | 25% | - Fraud prevention strategies and programs - Monitoring and continuous improvement
|
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The CFE-Fraud-Prevention exam is one of the most valuable certification exams. The Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention) certification exam opens a door for beginners or experienced ActualCollection professionals to enhance in-demand skills and gain knowledge. CFE-Fraud-Prevention exam credential is proof of candidates' expertise and knowledge. After getting success in the Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention) certification exam, candidates can put their careers on the fast route and achieve their goals in a short period of time.
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q275-Q280):
NEW QUESTION # 275
According to Silk and Vogel's research, which of the following is one of the ways that businesses rationalize illegal conduct?
- A. Government regulation is unnecessary because the matters being regulated are unimportant.
- B. Government regulations are justified because the additional costs of regulations and bureaucratic procedures increase government profits.
- C. Corporate violations that involve large sums of money are often spread among so many organizations that each gains very little individually.
- D. Violations are caused by innocent errors in judgment rather than economic necessity.
Answer: C
Explanation:
Silk and Vogel's research found that organizations often rationalize unethical or illegal behavior by diffusing responsibility across a group, thus minimizing perceived individual culpability.
This"shared guilt" justification is reflected in option D. The other options either misunderstand the research or do not reflect actual rationalizations used in white-collar crime contexts.
NEW QUESTION # 276
Which of the following is TRUE regarding the internal audit function's reporting responsibilities pertaining to fraud?
- A. The internal audit function is not permitted to communicate with the board of directors about fraud, as that is the responsibility of external auditors.
- B. The internal audit function is permitted, but not required, to periodically report about the organization's fraud risks to senior management and the board of directors.
- C. The internal audit function should discuss how and when to report fraud-related issues with senior management and the board of directors before such issues arise.
- D. The internal audit function should not disclose the results of its fraud audits to senior management or the board of directors in order to maintain independence.
Answer: C
Explanation:
Internal Audit Reporting Responsibilities:
Internal audit must maintain open communication with senior management and the board to ensure appropriate handling of fraud-related issues.
Establishing reporting protocols in advance ensures timely and consistent responses when fraud occurs.
NEW QUESTION # 277
In the context of a fraud examination, integrity requires which of the following:
- A. Independence of mental attitude and avoidance of conflicts of interest
- B. Avoidance of differences of opinion on all material matters
- C. Ability to conceal errors to preserve the reliability of the work performed
- D. Prioritization of desires for personal gain over the interests of clients
Answer: A
Explanation:
Integrity, as described under the Standards of Professional Conduct, requires a mental attitude of independence and avoidance of any actual, potential, or perceived conflicts of interest.
"Certified Fraud Examiners shall conduct themselves with integrity... and shall investigate for actual, potential, and perceived conflicts of interest. CFEs shall disclose any such conflicts."
NEW QUESTION # 278
Which of the following is a TRUE statement regarding fraud risks?
- A. Inherent risks are risks that remain after efforts are made to mitigate fraud risk.
- B. The objective of anti-fraud controls is to completely eliminate the inherent fraud risk.
- C. Residual risks are risks that are present before the effect of internal controls.
- D. The objective of anti-fraud controls is to reduce the residual fraud risk to a level that is significantly lower than the inherent fraud risk.
Answer: D
NEW QUESTION # 279
Which of the following mechanisms can help alleviate the pressure on employees to commit fraud?
- A. Employee support programs
- B. Employee monitoring software
- C. Background check policies
- D. Discipline policies
Answer: A
NEW QUESTION # 280
......
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