100% Pass Quiz ACFE - CFE-Fraud-Prevention - Pass-Sure Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Test Score Report

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| Section | Weight | Objectives |
|---|
| Topic 1: Fraud Risk Management and Deterrence | 25% | - Monitoring and continuous improvement - Fraud prevention strategies and programs
|
| Topic 2: Corporate Governance and Ethics | 25% | - Code of conduct and compliance programs - Ethical culture and tone at the top
|
| Topic 3: Fraud Prevention Framework | 25% | - Fraud risk assessment processes - Fraud risk governance and oversight
|
| Topic 4: Internal Controls and Fraud Prevention | 25% | - Internal control design and effectiveness - Fraud detection and prevention controls
|
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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q27-Q32):
NEW QUESTION # 27
Which of the following statements is FALSE?
- A. Controls are not effective in preventing theft and fraud If those at risk do not know of their presence
- B. Most experts agree that it is harder to detect frauds than to prevent them
- C. Educating employees about company hotlines and reporting programs increases their perception of detection
- D. Conducting covert audits is among the most effective fraud prevention methods
Answer: D
Explanation:
Fraud Prevention Methods:
Prevention strategies often focus on education, awareness, and robust controls rather than covert methods. While covert audits can detect fraud, they are not primarily preventive.
Why D is False:
Covert audits are reactive and focused on identifying existing fraud, not preventing it.
NEW QUESTION # 28
Which of the following factors increases an organization's inherent inclination toward committing crime according to Diane Vaughan's research?
- A. Management encourages employee loyalty through social functions.
- B. Management seeks diversity in attitudes and perspectives when hiring employees.
- C. Management separates employee performance goals from company performance goals.
- D. Management rewards employees who challenge how the company functions.
Answer: C
NEW QUESTION # 29
Mary is charged with implementing a fraud reporting program on behalf of her organization.
Which of the following is a best practice that Mary should follow to ensure that the program is successful?
- A. Mary should inform employees that the names of all individuals who report misconduct will be shared with the organization's governing body and law enforcement.
- B. Mary should inform employees that they are required to report any information about potential fraud directly and only to their immediate supervisor.
- C. Mary should inform employees of the precise methods for reporting potential fraud, such as completing an online form.
- D. Mary should inform employees that they will be held accountable for reporting tips that cannot be verified.
Answer: C
Explanation:
For a fraud reporting program to be effective, employees must clearly understand how to use it.
Providing specific and user-friendly reporting methods, such as hotlines, email addresses, or online forms, increases accessibility and usage. Options A and D discourage reporting, while B limits it unnecessarily, especially in cases where supervisors may be involved.
NEW QUESTION # 30
While, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination She did not find fraud, but. In White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud Under the ACFE Code of Professional Ethics.
White may include her opinion on the controls in her report to management.
Answer: A
Explanation:
CFEs are obligated to report material findings, including deficiencies that may facilitate fraud, even if no fraud is found.
Providing such insights aligns with the principles of due diligence and professional responsibility.
Professional Reporting Practices:
Including opinions on internal control deficiencies adds value to the examination and supports fraud prevention efforts.
Conclusion: White may include her opinion on control deficiencies in her report.
NEW QUESTION # 31
Terrel, a Certified Fraud Examiner (CFE), unknowingly violates the law one night. Which of the following statements about the ACFE Code of Professional Ethics is TRUE?
- A. This conduct would be a violation of the ACFE Code of Professional Ethics only if Terrel knew the conduct was illegal.
- B. This conduct would be a violation of the ACFE Code of Professional Ethics.
- C. This conduct would be a violation of the ACFE Code of Professional Ethics only if Terrel is arrested.
- D. This conduct would not be a violation of the ACFE Code of Professional Ethics under any circumstances.
Answer: B
NEW QUESTION # 32
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