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| Section | Weight | Objectives |
|---|
| Management's Fraud-Related Responsibilities | 5–10% | - Oversight and accountability - Establishing anti-fraud policies - Reporting mechanisms
|
| Fraud Risk Assessment | 15–20% | - Assessment implementation and documentation - Risk analysis and prioritization - Risk identification methodologies
|
| Professional Ethics | 5–10% | - Conflicts of interest and integrity - ACFE Code of Professional Ethics - Ethical decision-making
|
| Fraud Prevention Programs | 15–20% | - Communication and training - Designing prevention strategies - Monitoring and continuous improvement
|
| Corporate Governance | 20–25% | - Roles of board, management, auditors - Governance frameworks and principles
- 1. OECD guidelines
- 2. Treadway Commission (COSO)
- Internal control systems
|
| White-Collar Crime | 15–20% | - Causal factors and opportunity structures - Impact on organizations and society - Organizational vs occupational crime - Legal prosecution and sanctions - Definition and characteristics
|
| 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
|
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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q54-Q59):
NEW QUESTION # 54
Which of the following is included in the G20/OECD Principles of Corporate Governance?
- A. An emphasis on the importance of timely, accurate, and transparent disclosure mechanisms.
- B. A requirement for a corporate governance framework that protects the exercise of management's rights.
- C. A request that governments implement effective internal controls to support good corporate governance practices.
- D. Support for the equal treatment of all members of an organization's governing body.
Answer: C
NEW QUESTION # 55
To address an employee's consistent failure to meet deadlines, a manager removes the employee's ability to work from home This is an example of what type of behavioral response?
- A. Negative reinforcement
- B. None of the above
- C. Positive reinforcement
- D. Punishment
Answer: D
Explanation:
Understanding Behavioral Responses:
Punishment:Involves removing a privilege or applying a negative consequence to decrease undesired behavior.
Removing the ability to work from home penalizes the employee for failing to meet deadlines.
NEW QUESTION # 56
Which of the following statements is MOST ACCURATE regarding an effective system of anti- fraud controls?
- A. It focuses more on detective controls than preventive controls.
- B. It prioritizes implementing preventive controls over detective controls.
- C. It decreases a potential fraudster's belief that misbehavior will be detected.
- D. It reduces the risk of fraud but does not completely eliminate it.
Answer: D
Explanation:
The manual states that no system of internal controls can fully eliminate the risk of fraud. Even so, well-designed and effective internal controls can greatly reduce an organization's vulnerability to fraud by lowering opportunities and increasing the perception of detection. This means an anti- fraud control system is highly valuable, but it is not absolute. The manual does not say that preventive controls should always be prioritized over detective controls or vice versa; rather, both play important and complementary roles. It also specifically says effective controls increase, not decrease, the perception that misconduct will be detected, which is a key deterrent to potential fraudsters. Therefore, the most accurate statement is that an effective system of anti-fraud controls reduces risk but does not completely eliminate it.
NEW QUESTION # 57
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. Monitoring and proactively improving the fraud risk management program.
- B. Performing and regularly updating the fraud risk assessment.
- C. Implementing the fraud risk management program throughout the organization.
- D. Overseeing the organization's fraud risk management activities.
Answer: D
NEW QUESTION # 58
Management at ABC Corp. is assessing the company's ethical tone and how it affects the organization's fraud risk. To most effectively reinforce an anti-fraud culture, management should:
- A. Create an environment in which employees feel safe challenging management's decisions
- B. Use a checklist of initiatives to make sure all the elements of a strong tone at the top are in place
- C. All of the above
- D. implement two separate sets of ethics policies, one for management and one for employees
Answer: A
Explanation:
Safe environment for challenges: This is the most effective method as it promotes transparency, accountability, and whistleblowing.
NEW QUESTION # 59
......
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