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| Section | Weight | Objectives |
|---|
| Fraud Prevention Framework | 25% | - Fraud risk assessment processes - Fraud risk governance and oversight
|
| Corporate Governance and Ethics | 25% | - Code of conduct and compliance programs - Ethical culture and tone at the top
|
| Fraud Risk Management and Deterrence | 25% | - Fraud prevention strategies and programs - Monitoring and continuous improvement
|
| Internal Controls and Fraud Prevention | 25% | - Internal control design and effectiveness - Fraud detection and prevention controls
|
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ACFE CFE-Fraud-Prevention Valid Test Prep - Exam CFE-Fraud-Prevention Discount
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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q135-Q140):
NEW QUESTION # 135
Which of the following is a best practice when assembling a fraud risk assessment team?
- A. The team should include only external sources.
- B. Team members should all have similar skills and perspectives.
- C. The size of the team should be limited to four individuals.
- D. Team members should have experience in eliciting information.
Answer: D
NEW QUESTION # 136
According to ACFE research, which of the following is TRUE?
- A. Men commit significantly more frauds than women do.
- B. An unwillingness to share duties is the most reported red flag displayed by fraud perpetrators prior to the detection of their crime.
- C. Frauds committed by staff-level employees cause higher median losses than those committed by owners and executives.
- D. Most fraudsters have previous criminal convictions for fraud-related offenses.
Answer: B
Explanation:
ACFE research highlights that an unwillingness to share duties is one of the most common red flags exhibited by fraud perpetrators. This behavior often indicates a desire to conceal fraudulent activities.Most fraudsters do not have prior convictions, and frauds committed by executives tend to cause higher losses compared to those committed by staff-level employees.
NEW QUESTION # 137
Which of the following is NOT a purpose served by a professional organization's code of conduct?
- A. It replaces the need for individuals to consult their own conscience.
- B. It serves as a reference and benchmark for ethical guidance
- C. It facilitates practical enforcement and profession-wide Internal discipline.
- D. It provides more direct solutions to professional ethical dilemmas than might exist under general ethical principles
Answer: A
Explanation:
A professional code of conduct serves as a guideline for ethical behavior, provides benchmarks for decision-making, and facilitates enforcement within the profession.
It does not replace the personal responsibility to exercise individual judgment and consult one's conscience.
NEW QUESTION # 138
_____________Is the criminological theory that presents crime as a conscious decision that can be deterred by reducing opportunities for criminal activity and increasing the personal risk to an Individual of being caught and punished.
- A. Routine activities theory
- B. Justification of action theory
- C. Rational choice theory
- D. Differential association theory
Answer: C
Explanation:
Rational Choice Theory Overview:
This theory asserts that individuals make conscious decisions to commit crimes after weighing the costs (risk of detection and punishment) and benefits.
Why D is Correct:
Rational choice theory aligns with strategies to deter crime by reducing opportunities and increasing personal risks.
NEW QUESTION # 139
Which of the following statements is FALSE regarding an organization's fraud risk management program?
- A. Formal sanctions for intentional noncompliance should be well-publicized throughout the company
- B. There should be measures in place to address failures in the design or operation of anti-fraud controls, as well as fraud occurrences
- C. The program must include mechanisms to monitor and identify breaches in compliance.
- D. The responsibility of handling suspected incidents of noncompliance should be delegated to someone outside of the company.
Answer: D
Explanation:
Fraud Risk Management Program Requirements:
A fraud risk management program includes mechanisms to detect and respond to noncompliance, sanctions for violations, and measures to address control failures.
Why B is Incorrect:
Responsibility for handling suspected incidents should remain within the organization, typically assigned to compliance officers or internal audit teams. Delegating it to external parties undermines internal governance.
NEW QUESTION # 140
......
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