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

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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Fraud Risk Management and Deterrence25%- Monitoring and continuous improvement
- Fraud prevention strategies and programs
Topic 2: Corporate Governance and Ethics25%- Code of conduct and compliance programs
- Ethical culture and tone at the top
Topic 3: Fraud Prevention Framework25%- Fraud risk assessment processes
- Fraud risk governance and oversight
Topic 4: Internal Controls and Fraud Prevention25%- 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?

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?

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?

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?

Answer: B


NEW QUESTION # 32
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