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ACFE CFE-Fraud-Prevention-and-Deterrence Exam Syllabus Topics:

SectionObjectives
Fraud Prevention and Deterrence- Ethics
  • 1. Ethical considerations in fraud examination
- Management's Role
  • 1. Building anti-fraud programs
  • 2. Fraud risk assessment
- Auditors' Role
  • 1. Fraud detection responsibilities
- Corporate Governance
  • 1. Board oversight
  • 2. Internal controls
  • 3. Roles and responsibilities

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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q163-Q168):

NEW QUESTION # 163
Which of the following is among the board of directors' primary responsibilities related to fraud risk management?

Answer: C


NEW QUESTION # 164
Which of the following is NOT one of the three general approaches used to control corporate crime?

Answer: D


NEW QUESTION # 165
In response to a risk identified during a fraud risk assessment, management decides to purchase fidelity insurance to help protect the company against the associated risk of loss This response is known as:

Answer: C


NEW QUESTION # 166
Which of the following best describes the purpose of The National Commission on Fraudulent Financial Reporting (the Treadway Commission)?

Answer: A


NEW QUESTION # 167
Which of the following is among the board of directors' primary responsibilities related to fraud risk management?

Answer: C

Explanation:
Board Responsibilities in Fraud Risk Management:
* The board plays a critical role in overseeing the organization's fraud risk management activities to ensure accountability and effective governance.
Why A is Correct:
* The board provides high-level oversight but does not typically involve itself in the design or implementation of the fraud risk management program.
Why Other Options are Incorrect:
* B and D: Design and implementation are management responsibilities.
* C: Punishment of fraud perpetrators is not directly within the board's purview.


NEW QUESTION # 168
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