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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

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

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        ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q273-Q278):

        NEW QUESTION # 273
        A professional organization's code of conduct serves which of the following purposes?

        Answer: A


        NEW QUESTION # 274
        For Its compliance program to be effective, an organization must perform procedures to ensure management hires only ethical Individuals who exercise a substantial measure of discretion In acting on the organization's behalf

        Answer: A

        Explanation:
        Importance of Hiring Ethical Individuals:
        Ethical hiring practices are foundational to an effective compliance program. Employees with a high measure of discretion can significantly impact organizational behavior and risk.
        Pre-hiring background checks, ethical screening, and thorough interviews help mitigate the risk of unethical behavior.


        NEW QUESTION # 275
        Which of the following components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management--Integrating with Strategy and Performance refers to an organization's ability to continually assess how well its enterprise risk management (ERM) capabilities and practices have increased value over time and how they will continue to drive value for the organization?

        Answer: C

        Explanation:
        The "Review and Revision" component is focused on evaluating how ERM practices contribute to organizational value and adapting them accordingly.
        "As part of its ERM activities, the organization should review how well the ERM capabilities and practices have increased value over time and how they will continue to drive value."


        NEW QUESTION # 276
        A fraud examiner discovers evidence suggesting possible misconduct by a senior executive. The examiner's supervisor instructs him to stop investigating and destroy his working papers. What should the examiner do?

        Answer: D

        Explanation:
        Professional standards require fraud examiners to maintain integrity and exercise due professional care. Destroying evidence could compromise the investigation and potentially violate legal obligations. Evidence should be preserved and handled according to applicable policies and laws.


        NEW QUESTION # 277
        Based on research regarding the criminogenic tendencies of organizations, employees are more likely to engage in fraudulent behavior when given a direct order to do so by a superior due to an inherent desire to obey people in positions of authority.

        Answer: A


        NEW QUESTION # 278
        ......

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