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| Section | Weight | Objectives |
|---|
| Topic 1: Understanding Criminal Behavior | 5–10% | - Behavior modification: punishment vs reinforcement - Differential reinforcement, rational choice, routine activities theory - Theories: differential association, social control, social learning
|
| Topic 2: Management's Fraud-Related Responsibilities | 10–15% | - Internal control and oversight duties - Reporting obligations and accountability - Roles in prevention, detection, and deterrence
|
| Topic 3: White-Collar Crime | 15–20% | - Impacts on individuals and society - Fraud triangle and occupational fraud trends - Organizational vs occupational crime - Organizational opportunity and contributing factors - Prosecution and legal aspects - Rationalization and control mechanisms
|
| Topic 4: Fraud Risk Assessment | 15–20% | - Process and methodology - Risk response and mitigation strategies - Identifying and prioritizing risks - Continuous assessment and improvement
|
| Topic 5: Corporate Governance | 5–10% | - Definition and key stakeholders - Guidance sources (OECD, Treadway Commission) - Framework and core principles
|
| Topic 6: ACFE Code of Professional Ethics | 5–10% | - Principles and standards of conduct - Ethical obligations and compliance
|
| Topic 7: Fraud Prevention Programs | 15–20% | - Whistleblower systems and reporting channels - Design, implementation, and monitoring - Training and awareness initiatives - Code of ethics and organizational culture
|
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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q237-Q242):
NEW QUESTION # 237
According to behaviorists such as B. F. Skinner, which of the following scenarios is MOST LIKELY to occur when an undesired behavior is punished?
- A. The behavior will occur more frequently.
- B. The behavior will not be affected by the punishment
- C. The behavior will be permanently suppressed
- D. The behavior will return when punishment ceases
Answer: D
NEW QUESTION # 238
Which of the following statements regarding document retention policies (DRPs) is TRUE?
- A. An effective document retention policy permits the organization to continue the destruction of documents when faced with potential litigation
- B. Document retention policies do not need to include protocols for preserving electronic documents as most IT systems automatically preserve copies of such data
- C. When establishing a document retention policy, management should consider any industry-specific rules for documenting and regaining records
- D. All of the above
Answer: D
NEW QUESTION # 239
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?
- A. Have a mandatory independent compensation committee.
- B. Develop a written charter for management.
- C. Give shareholders oversight of internal controls.
- D. Have adequate audit committee resources and authority.
Answer: D
Explanation:
The Corporate Governance chapter explains that the Treadway Commission made four recommendations aimed at reducing the likelihood of fraud in financial reporting. These recommendations were directed to the board of directors' audit committee and included having an independent audit committee, a written charter for the audit committee, adequate resources and authority, and informed, vigilant, and effective audit committee members. The manual specifically states that the existence of an audit committee and a written charter is not enough; the committee must also have adequate resources and authority to carry out its responsibilities. That language directly matches option C. The other choices either substitute the wrong committee, assign the charter to management instead of the audit committee, or improperly shift oversight of internal controls to shareholders.
NEW QUESTION # 240
Which of the following is FALSE regarding G20/OECD Principles of Corporate Governance (the Principles)?
- A. The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them
- B. The Principles are intended to be applicable in both developed economies and emerging markets
- C. The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders
- D. The Principles state that an entity's corporate governance framework should encourage active cooperation between corporationfiand stakeholders in creating wealth.
Answer: B
NEW QUESTION # 241
According to Diane Vaughan, which of the following factors increases an organization's inherent inclination toward committing crime?
- A. Management seeks out diversity in attitudes and perspectives when hiring employees
- B. All of the above
- C. Rewards are given to employees who challenge the status quo
- D. Management links employee performance goals with company performance goals
Answer: D
NEW QUESTION # 242
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