Certification ACFE CFE-Fraud-Prevention-and-Deterrence Test Answers, Reliable CFE-Fraud-Prevention-and-Deterrence Exam Voucher

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

SectionObjectives
Topic 1: Fraud Prevention and Deterrence- Management's Role
  • 1. Building anti-fraud programs
  • 2. Fraud risk assessment
- Corporate Governance
  • 1. Board oversight
  • 2. Internal controls
  • 3. Roles and responsibilities
- Auditors' Role
  • 1. Fraud detection responsibilities
- Ethics
  • 1. Ethical considerations in fraud examination

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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q319-Q324):

NEW QUESTION # 319
Which of the following statements is FALSE regarding an organization's fraud risk management program?

Answer: A


NEW QUESTION # 320
Which of the following would MOST LIKELY be a violation of the ACFE Code of Professional Ethics?

Answer: B

Explanation:
* Analysis of Each Option:
* A. Green's conduct: Including unrelated deficiencies violates the principle of relevance and focus in reporting. It may lead to confusion or breach professional diligence.
* B. Stephanie's conduct: Delegating tasks without oversight or review violates the ACFE Code's requirement for due diligence.
* C. Susan's conduct: Failing to seek client authorization before disclosing records (even under a court order) breaches confidentiality provisions unless explicitly required by law.
* Key Ethical Considerations:
* CFEs must adhere to principles of confidentiality, diligence, and focus in their work.
* Failing to follow these standards compromises the integrity and credibility of their practice.
* Conclusion:All the described scenarios involve violations of the ACFE Code of Professional Ethics.
References:ACFE Code of Professional Ethics-rules related to diligence, confidentiality, and professional behavior.


NEW QUESTION # 321
Smith, a retail sales manager, wants to decrease the level of cash register over-and-short discrepancies among his sales team. According to behaviorist theories, which of the following options would be the most effective way for Smith to encourage his team members to keep their cash drawers in balance?

Answer: A


NEW QUESTION # 322
The Public Interest Oversight Board (PIOB) is the global body responsible for establishing international corporate governance standards.

Answer: A


NEW QUESTION # 323
Jane, a Certified Fraud Examiner (CFE), was hired lo conduct a fraud examination at XYZ Company Her examination did not reveal any conclusive evidence that fraud had occurred or was occurring Consequently. XYZ's management asked Jane to state in her official examination report that the company is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. The ACFE Code of Professional Ethics prohibits Jane from complying with management's request.

Answer: B


NEW QUESTION # 324
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