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ACFE CFE-Fraud-Prevention-and-Deterrence Exam Overview:

Certification Vendor:ACFE
Exam Name:Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
Exam Number:CFE
Real Exam Qty:100
Passing Score:75%
Related Certifications:Certified Fraud Examiner (CFE)
Exam Duration:120 minutes
Exam Format:Multiple-choice
Certificate Validity Period:Not specified
Available Languages:English
Exam Price:$450
Sample Questions:ACFE CFE-Fraud-Prevention-and-Deterrence Sample Questions
Exam Way:Online or at a testing center
Pre Condition:Requires a combination of professional experience and points-based qualification system (minimum 40 points to sit for the exam, 50 points for certification).
Official Syllabus URL:https://www.acfe.com/cfe-credential/about-the-cfe-exam.aspx

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ACFE CFE-Fraud-Prevention-and-Deterrence Certification is considered a valuable credential for professionals seeking to advance their careers in the fraud prevention and detection industry. It demonstrates a commitment to ethical and professional standards and provides an opportunity for individuals to showcase their expertise in fraud prevention and detection. Passing the exam requires dedication, hard work, and a deep understanding of the concepts and techniques related to fraud prevention and detection.

ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q136-Q141):

NEW QUESTION # 136
Which of the following is one of the four recommendations made by the National Commission on Fraudulent Financial Reporting (the Treadway Commission) to reduce the probability of fraud in financial reports?

Answer: A

Explanation:
Comprehensive and Detailed in Depth Explanation:
The Treadway Commission emphasized strengthening the internal audit function as a key fraud deterrent.
This includes ensuring auditors have adequate resources, authority, and independence to carry out their duties.
While formal structures like audit committee charters are useful, the commission specifically focused on functional empowerment of internal audit.


NEW QUESTION # 137
Which of the following statements regarding best practices that organizations can take to protect and support whistleblowers is MOST ACCURATE?

Answer: D


NEW QUESTION # 138
Which of the following statements regarding recommended vendor due diligence procedures is MOST ACCURATE?

Answer: D

Explanation:
Comprehensive and Detailed in Depth Explanation:
A key element of vendor due diligence is ensuring that third-party vendors have robust ethics and compliance programs. This helps align values, mitigate fraud risks, and establish clear expectations. While audits and questionnaires are good practices, they are not always mandatory or feasible before engagement. Moreover, transparency in seeking vendor information (unlike in A) is a norm in legitimate vetting practices.


NEW QUESTION # 139
Sofia, a Certified Fraud Examiner (CFE). look an introductory class in computer forensics When a client thought there might be evidence of a crime on his hard drive. Sofia decided to conduct a forensic examination of the hard drive even though she had no experience or advanced training in this area Sofia's conduct would likely be a violation of the ACFE Code of Professional Ethics

Answer: A


NEW QUESTION # 140
During the course of a fraud examination. While, an employee of the ABC Corp.. approaches Blue, a Certified Fraud Examiner (CFE), and tells Blue that she wishes to furnish information in confidence. Blue also is employed by the ABC Corp. Blue should:

Answer: A

Explanation:
CFE Ethical Responsibilities:
* As per the ACFE Code of Professional Ethics, fraud examiners must ensure transparency in their professional conduct. They cannot promise confidentiality if the information must be disclosed to management or other authorities as part of the investigation.
Why D is Correct:
* Agreeing to confidentiality in this situation would breach ethical and legal obligations, especially if the information pertains to fraud or misconduct that the organization needs to address.
Why Other Options are Incorrect:
* A and B: Attempting to maintain confidentiality is misleading and unprofessional.
* C: Taking the request directly to management without clarification could breach trust prematurely.


NEW QUESTION # 141
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