New CFE-Fraud-Prevention-and-Deterrence Exam Objectives - Valid CFE-Fraud-Prevention-and-Deterrence Practice Questions

BONUS!!! Download part of GetValidTest CFE-Fraud-Prevention-and-Deterrence dumps for free: https://drive.google.com/open?id=1QWJRjaGHwTFEuAm5Fam1Nbnn8fcboij2

Before starting the ACFE CFE-Fraud-Prevention-and-Deterrence preparation, plan the amount of time you will allot to each topic, determine the topics that demand more effort and prioritize the components that possess more weightage in the ACFE CFE-Fraud-Prevention-and-Deterrence Exam. This kind of polished approach is beneficial for a commendable grade in the ACFE CFE-Fraud-Prevention-and-Deterrence Exam.

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

Section	Objectives
Fraud Prevention and Deterrence	- Fraud Culture and Ethics 1. Anti-fraud organizational culture 2. Whistleblowing mechanisms and reporting channels 3. Ethical frameworks and professional standards - Fraud Risk Management 1. Fraud risk mitigation strategies 2. Fraud risk assessment process 3. Fraud risk identification and analysis - Fraud Prevention Fundamentals 1. Objectives of anti-fraud programs 2. Principles of fraud prevention and deterrence - Fraud Schemes and Red Flags 1. Fraud warning signs and red flags 2. Financial statement fraud indicators 3. Occupational fraud schemes - Anti-Fraud Controls and Governance 1. Corporate governance and oversight 2. Internal controls to deter fraud 3. Fraud prevention policies and procedures - Fraud Risk Monitoring and Evaluation 1. Ongoing monitoring of fraud risks 2. Evaluation of fraud prevention programs

Section

Objectives

Fraud Prevention and Deterrence

- Fraud Culture and Ethics

1. Anti-fraud organizational culture
2. Whistleblowing mechanisms and reporting channels
3. Ethical frameworks and professional standards

- Fraud Risk Management

1. Fraud risk mitigation strategies
2. Fraud risk assessment process
3. Fraud risk identification and analysis

- Fraud Prevention Fundamentals

1. Objectives of anti-fraud programs
2. Principles of fraud prevention and deterrence

- Fraud Schemes and Red Flags

1. Fraud warning signs and red flags
2. Financial statement fraud indicators
3. Occupational fraud schemes

- Anti-Fraud Controls and Governance

1. Corporate governance and oversight
2. Internal controls to deter fraud
3. Fraud prevention policies and procedures

- Fraud Risk Monitoring and Evaluation

1. Ongoing monitoring of fraud risks
2. Evaluation of fraud prevention programs

>> New CFE-Fraud-Prevention-and-Deterrence Exam Objectives <<

Valid CFE-Fraud-Prevention-and-Deterrence Practice Questions | Vce CFE-Fraud-Prevention-and-Deterrence Test Simulator

The GetValidTest is a leading platform that has been helping the Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) exam candidates in exam preparation and boosting their confidence to pass the final CFE-Fraud-Prevention-and-Deterrence exam. The GetValidTest is offering real, valid, and updated Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) practice questions. These Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) exam questions are verified by ACFE CFE-Fraud-Prevention-and-Deterrence exam trainers.

ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q231-Q236):

NEW QUESTION # 231
Which of the following is NOT one of the three general approaches used to control corporate crime?

A. Consumer action to force change
B. Withdrawal of financial institution funding
C. Strong intervention of the government
D. Voluntary changes in corporate attitudes and structure

Answer: B

Explanation:
* General Approaches to Control Corporate Crime:
* Common approaches include government intervention, consumer action, and voluntary corporate changes.
* Financial institution funding is not typically listed as a direct control mechanism for corporate crime.
* Analysis of Options:
* B. Government intervention: Effective through regulation and enforcement.
* C. Consumer action: Encourages ethical practices through market pressures.
* D. Voluntary corporate changes: Demonstrates internal commitment to compliance.
* Conclusion:Withdrawal of financial institution funding is not one of the recognized general approaches.
References:ACFE and corporate governance literature on controlling corporate crime.

NEW QUESTION # 232
Glenda. an internal auditor, and Brldgette. an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies. Glenda has just been told that she will be the lead on the company's fraud risk assessment. During the fraud risk assessment. Glenda should:

A. Have someone else perform the fraud risk assessment work related to the accounts receivable department's activities.
B. Confront Bridgette about the disagreements and discuss how they increase the department's risk of fraud.
C. Include her disagreements with Bridgette as a factor when assessing the risk of fraud in the accounts receivable department.
D. Automatically designate the accounts receivable department as a high-risk area.

Answer: A

Explanation:
* Impartiality in Fraud Risk Assessment:
* As the lead on the fraud risk assessment, Glenda must maintain objectivity and avoid the appearance of bias.
* Her history of disagreements with Bridgette creates a potential conflict of interest, which could compromise the assessment's credibility.
* Why Option D is Correct:
* Assigning the accounts receivable department's assessment to another individual eliminates the risk of perceived or actual bias.
* Analysis of Other Options:
* A. Confrontation: Not appropriate during a professional assessment.
* B. Including disagreements: Personal conflicts should not influence risk evaluations.
* C. Automatic high-risk designation: This lacks a factual basis and undermines objectivity.
* Conclusion:Option D ensures objectivity and credibility in the fraud risk assessment.
References:ACFE guidelines on objectivity in fraud risk assessment.

NEW QUESTION # 233
Benjamin, a Certified Fraud Examiner CFE, was contacted regarding an engagement to investigate a complex money laundering case spanning numerous international jurisdictions and involving different types of technologies. Benjamin had previously attended a seminar on investigating money laundering schemes, but he had no other training or experience. However, he accepted the engagement and chose to conduct the work himself. Which of the following is TRUE regarding Benjamin's conduct?

A. Benjamin's conduct would not be a violation of the ACFE Code of Professional Ethics.
B. Benjamin's conduct would be a violation of the ACFE Code of Professional Ethics.
C. Benjamin's conduct would be a violation of the ACFE Code of Professional Ethics only if he failed to find evidence of fraud.
D. Benjamin's conduct would be a violation of the ACFE Code of Professional Ethics only if he also violated applicable banking regulations.

Answer: B

Explanation:
The ACFE Code of Professional Ethics requires fraud examiners to continually strive to increase the competence and effectiveness of the professional services performed under their direction. Related professional standards also require due professional care, adequate planning, and competence supported by appropriate education and experience. A complex international money laundering engagement involving multiple jurisdictions and technologies requires more than minimal exposure through a seminar. Accepting such an engagement without sufficient competence and choosing to handle it alone would fall short of the ethical obligation to perform only with proper capability and professional care. The violation does not depend on whether banking regulations were broken or whether Benjamin ultimately found fraud. The problem is accepting and conducting work beyond his demonstrated competence.

NEW QUESTION # 234
Which of the following is TRUE regarding the G20/OECD Principles of Corporate Governance?

A. They are intended to be applicable in emerging markets but not in developed economies.
B. They are required to be implemented by all corporations in the jurisdictions that have officially adopted them.
C. They assert that a corporate governance framework should ensure that the treatment of shareholders differs based on the class of stock they own.
D. They state that a corporate governance framework should promote transparent and fair markets and the efficient allocation of resources.

Answer: D

Explanation:
Comprehensive and Detailed in Depth Explanation:
The G20/OECD Principles of Corporate Governance advocate for transparent and fair markets and the efficient allocation of resources, making Option A the correct statement. These principles are internationally recognized as a standard for policy makers, investors, corporations, and other stakeholders worldwide. The principles are intended to apply to both developed and emerging markets, not just emerging ones (rejecting Option C), and while influential, they are not legally binding mandates (rejecting Option D). They also support the equitable treatment of shareholders, regardless of share class (rejecting Option B).

NEW QUESTION # 235
Maj, a Certified Fraud Examiner (CFE), engaged in an illegal activity but did not know that the activity was illegal. Which of the following statements about the ACFE Code of Professional Ethics is TRUE?

A. Maj's conduct would not be a violation of the ACFE Code of Professional Ethics because she did not know the activity was illegal.
B. Maj's conduct would be a violation of the ACFE Code of Professional Ethics only if she is criminally convicted for her actions.
C. Maj's conduct would not be a violation of the ACFE Code of Professional Ethics because the Code does not cover illegal activity.
D. Maj's conduct would be a violation of the ACFE Code of Professional Ethics regardless of the circumstances.

Answer: D

Explanation:
The ACFE Code of Professional Ethics requires CFEs to conduct themselves lawfully and ethically. A CFE's lack of knowledge that an activity is illegal does not automatically excuse the conduct under professional ethics. Fraud examiners are expected to exercise due care, maintain competence, and avoid conduct that discredits the profession. The Code is not limited to conduct that results in a criminal conviction; professional discipline can arise from conduct that violates ethical standards even if no court conviction occurs. Option B is incorrect because the Code does address illegal and unethical conduct. Option C is too narrow because ignorance of the law does not eliminate professional responsibility. Option D is incorrect because conviction is not the only basis for ethical violation. Therefore, Maj's illegal conduct would violate the Code regardless of the circumstances stated.

NEW QUESTION # 236
......

No software installation is required to go through the web-based ACFE CFE-Fraud-Prevention-and-Deterrence practice test. The PDF file of CFE-Fraud-Prevention-and-Deterrence real exam questions is easy to use on laptops, tablets, and smartphones. We have added all the ACFE CFE-Fraud-Prevention-and-Deterrence Questions, which have a chance to appear in the CFE-Fraud-Prevention-and-Deterrence real test. Our Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) dumps PDF exam questions are beneficial to prepare for the test in less time.

Valid CFE-Fraud-Prevention-and-Deterrence Practice Questions: https://www.getvalidtest.com/CFE-Fraud-Prevention-and-Deterrence-exam.html

BONUS!!! Download part of GetValidTest CFE-Fraud-Prevention-and-Deterrence dumps for free: https://drive.google.com/open?id=1QWJRjaGHwTFEuAm5Fam1Nbnn8fcboij2