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| Section | Weight | Objectives |
|---|
| Topic 1: Corporate Governance | 5–10% | - Definition and key stakeholders - Guidance sources (OECD, Treadway Commission) - Framework and core principles
|
| Topic 2: White-Collar Crime | 15–20% | - Fraud triangle and occupational fraud trends - Organizational opportunity and contributing factors - Prosecution and legal aspects - Organizational vs occupational crime - Rationalization and control mechanisms - Impacts on individuals and society
|
| Topic 3: Fraud Prevention Programs | 15–20% | - Whistleblower systems and reporting channels - Design, implementation, and monitoring - Training and awareness initiatives - Code of ethics and organizational culture
|
| Topic 4: ACFE Code of Professional Ethics | 5–10% | - Ethical obligations and compliance - Principles and standards of conduct
|
| Topic 5: Fraud Risk Assessment | 15–20% | - Risk response and mitigation strategies - Continuous assessment and improvement - Identifying and prioritizing risks - Process and methodology
|
| Topic 6: Management's Fraud-Related Responsibilities | 10–15% | - Internal control and oversight duties - Reporting obligations and accountability - Roles in prevention, detection, and deterrence
|
| Topic 7: Understanding Criminal Behavior | 5–10% | - Theories: differential association, social control, social learning - Behavior modification: punishment vs reinforcement - Differential reinforcement, rational choice, routine activities theory
|
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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q281-Q286):
NEW QUESTION # 281
Which of the following is FALSE regarding an organization's anti-fraud policy?
- A. In developing the anti-fraud policy, management should check with legal counsel regarding any legal considerations with respect to the policy.
- B. A detailed anti-fraud policy can make it easier to investigate and punish employees who commit fraud and other dishonest acts.
- C. To avoid legal problems in discharging employees, the anti-fraud policy should not include any specific examples of frau and misconduct.
- D. One of the most important considerations in developing the anti-fraud policy is to ensure every allegation is handled in a uniform manner.
Answer: D
NEW QUESTION # 282
Which of the following statements regarding best practices that organizations can take to protect and support whistleblowers is MOST ACCURATE?
- A. Organizations should publicize their whistleblower procedures internally but should avoid communicating any procedural information to parties outside of the organization.
- B. Organizations should establish formal consequences that are to be imposed upon employees at the company who retaliate against a whistleblower.
- C. Organizations should emphasize that rules regarding whistleblower protections are only intended for lower level employees who might be more vulnerable to retaliation.
- D. Organizations should implement a clear whistleblower policy that lists out every type of misconduct that has ever been reported at the company.
Answer: B
NEW QUESTION # 283
The existence of many specialized departments within a company generally decreases the overall risk of fraud within the organization
Answer: B
NEW QUESTION # 284
According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:
- A. The continued pressures of a culture that rewards affluence and success
- B. The increased opportunity for wrongdoing as a result of advancing information technologies
- C. The decrease in funds available from government assistance programs
- D. The economy's increased reliance on credit
Answer: B
NEW QUESTION # 285
(Which of the following statements regarding monitoring employees for warning signs of fraud is MOST ACCURATE?)
- A. An increase in employee wealth is always a sign of fraud that should be investigated.
- B. Managers should observe employees for signs of suspicious behavioral or lifestyle changes only if they can do so without the employees' knowledge.
- C. Managers should be instructed to observe employees for any unusual lifestyle improvements, such as an unexplained increase in luxury purchases.
- D. Employees who steal do not commonly display lifestyle or behavioral warning signs of their misdeeds.
Answer: C
Explanation:
The Fraud Prevention Programs chapter explains that effective management oversight includes watching for warning signs associated with fraud. The manual states that employees who steal commonly use the proceeds for lifestyle improvements, such as more expensive cars, extravagant vacations, expensive clothing, new or remodeled homes, recreational property, and outside investments. It specifically says managers should be educated to be observant of these signs. The manual also lists behavioral red flags such as living beyond means and financial difficulties, showing that warning signs do commonly appear. Therefore, an increase in wealth is not always proof of fraud, but unusual lifestyle improvements can be meaningful indicators that deserve attention. For that reason, the most accurate statement is that managers should be instructed to observe employees for unusual lifestyle improvements, including unexplained luxury purchases.
NEW QUESTION # 286
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