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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Internal Controls and Fraud Prevention25%- Fraud detection and prevention controls
- Internal control design and effectiveness
Corporate Governance and Ethics25%- Ethical culture and tone at the top
- Code of conduct and compliance programs
Fraud Prevention Framework25%- Fraud risk governance and oversight
- Fraud risk assessment processes
Fraud Risk Management and Deterrence25%- Monitoring and continuous improvement
- Fraud prevention strategies and programs

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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q189-Q194):

NEW QUESTION # 189
According to ACFE research, which of the following is TRUE?

Answer: C

Explanation:
The White-Collar Crime chapter summarizes ACFE research on occupational fraud perpetrators.
In the section addressing perpetrators' criminal backgrounds, the manual states that the vast majority of occupational fraudsters have no prior history of criminal fraud convictions and notes that only a small percentage had previously been convicted of a fraud-related offense. It concludes from these findings that most occupational fraudsters are first-time offenders. The manual also explains elsewhere that owners and executives tend to cause much larger median losses than lower-level employees, which eliminates option D. Because the question asks which statement is true according to ACFE research, the best answer is that most employees who commit occupational fraud are first- time offenders. This is a recurring finding in ACFE studies cited by the manual.


NEW QUESTION # 190
According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud, while_________schemes are the MOST COSTLY form of occupational fraud.

Answer: C

Explanation:
Findings from the 2020 Report to the Nations:
Asset misappropriation:Most common form of occupational fraud (e.g., theft of cash or inventory).
It is frequent but less costly.
Financial statement fraud:Most costly, involving significant manipulation of financial data.


NEW QUESTION # 191
According to Diane Vaughan, which of the following factors increases an organization's inherent inclination toward committing crime?

Answer: C

Explanation:
Vaughan highlights that linking employee performance goals with company goals can create undue pressure, fostering an environment where unethical behavior becomes rationalized.


NEW QUESTION # 192
Which of the following is TRUE regarding an organization's ethics program?

Answer: C

Explanation:
For an ethics program to be effective, management must integrate the organization's ethical principles with the perceptions and expectations of stakeholders. By considering how stakeholders define success,the organization can design an ethics program that aligns with its values and operational goals. This inclusive approach promotes adherence to ethical standards and fosters a positive ethical culture within the organization. Merely having a written policy or restricting access to it does not ensure effectiveness.


NEW QUESTION # 193
According to International Organization for Standardization (ISO) 31000:2018, an effective and efficient risk management program contains all of the following principles EXCEPT:

Answer: A

Explanation:
ISO 31000:2018 emphasizes that effective risk management must be integrated into all activities across the organization--not just high-risk ones.
"An effective and efficient risk management program... is integrated into all organizational activities, is structured and comprehensive, and is customized and proportionate to the organization's operations and objectives."


NEW QUESTION # 194
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