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

SectionWeightObjectives
Understanding Criminal Behavior5–10%- Differential reinforcement, rational choice, routine activities theory
- Behavior modification: punishment vs reinforcement
- Theories: differential association, social control, social learning
Fraud Prevention Programs15–20%- Training and awareness initiatives
- Code of ethics and organizational culture
- Whistleblower systems and reporting channels
- Design, implementation, and monitoring
Fraud Risk Assessment15–20%- Continuous assessment and improvement
- Process and methodology
- Identifying and prioritizing risks
- Risk response and mitigation strategies
Management's Fraud-Related Responsibilities10–15%- Internal control and oversight duties
- Roles in prevention, detection, and deterrence
- Reporting obligations and accountability
White-Collar Crime15–20%- Impacts on individuals and society
- Fraud triangle and occupational fraud trends
- Prosecution and legal aspects
- Rationalization and control mechanisms
- Organizational vs occupational crime
- Organizational opportunity and contributing factors
Corporate Governance5–10%- Definition and key stakeholders
- Framework and core principles
- Guidance sources (OECD, Treadway Commission)
ACFE Code of Professional Ethics5–10%- Principles and standards of conduct
- Ethical obligations and compliance

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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q265-Q270):

NEW QUESTION # 265
Who is ultimately responsible lor ensuring the effectiveness of the organization's anti-fraud program?

Answer: A

Explanation:
* Responsibility for Anti-Fraud Program Effectiveness:
* Management holds ultimate responsibility for designing, implementing, and maintaining an effective anti-fraud program.
* Internal and external auditors, as well as compliance functions, provide oversight and recommendations but are not directly responsible for the program's effectiveness.
* Conclusion:Management is ultimately accountable for ensuring the success of the anti-fraud program.
References:ACFE guidelines on fraud risk governance and management roles.


NEW QUESTION # 266
The Public Interest Oversight Board (PIOB) is the global body responsible for establishing international corporate governance standards.

Answer: B


NEW QUESTION # 267
Which of the following is FALSE regarding a fraud risk assessment?

Answer: A


NEW QUESTION # 268
Which of the following is TRUE regarding the G20/OECD Principles of Corporate Governance?

Answer: B

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 # 269
Stevens, a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination at ABC Company. His examination did not reveal any conclusive evidence that fraud had occurred or was occurring. Consequently, ABC's management asked Stevens to state in his official examination report that the organization is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective.
Under the ACFE Code of Professional Ethics. Stevens is permitted to comply with management's request based on the findings of his examination.

Answer: B

Explanation:
ACFE Code of Professional Ethics:
* The ACFE Code of Ethics prohibits fraud examiners from making absolute statements about the absence of fraud. Fraud cannot be definitively ruled out based on an examination's findings.
Why B is Correct:
* Stevens cannot state that the organization is "free of fraud," as fraud detection is inherently limited by the scope and methods of the examination. Such a statement could mislead stakeholders and compromise ethical standards.


NEW QUESTION # 270
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