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| Section | Weight | Objectives |
|---|
| Topic 1: Management's Fraud-Related Responsibilities | 5–10% | - Establishing anti-fraud policies - Reporting mechanisms - Oversight and accountability
|
| Topic 2: Fraud Risk Assessment | 15–20% | - Risk analysis and prioritization - Risk identification methodologies - Assessment implementation and documentation
|
| Topic 3: Understanding Criminal Behavior | 5–10% | - Behavior modification principles - Theories of crime causation
- 1. Differential association theory
- 2. Rational choice and routine activities theory
- 3. Social control and social learning theory
|
| Topic 4: White-Collar Crime | 15–20% | - Impact on organizations and society - Definition and characteristics - Causal factors and opportunity structures - Legal prosecution and sanctions - Organizational vs occupational crime
|
| Topic 5: Fraud Prevention Programs | 15–20% | - Communication and training - Monitoring and continuous improvement - Designing prevention strategies
|
| Topic 6: Professional Ethics | 5–10% | - ACFE Code of Professional Ethics - Conflicts of interest and integrity - Ethical decision-making
|
| Topic 7: Corporate Governance | 20–25% | - Internal control systems - Governance frameworks and principles
- 1. Treadway Commission (COSO)
- 2. OECD guidelines
- Roles of board, management, auditors
|
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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q238-Q243):
NEW QUESTION # 238
Which of the following is included in the G20/OECD Principles of Corporate Governance?
- A. A request that governments implement effective internal controls to support good corporate governance practices.
- B. Support for the equal treatment of all members of an organization's governing body.
- C. A requirement for a corporate governance framework that protects the exercise of management's rights.
- D. An emphasis on the importance of timely, accurate, and transparent disclosure mechanisms.
Answer: A
NEW QUESTION # 239
Which of the following is NOT explicitly prohibited by the ACFE Code of Professional Ethics?
- A. Acting in a way that could be deemed unethical by the industry
- B. Drawing conclusions based upon evidence
- C. Engaging in behavior that is against the law
- D. Participating in an activity where there is an undisclosed conflict of interest
Answer: B
Explanation:
ACFE Code of Professional Ethics Overview:
The Code explicitly prohibits unethical behavior, undisclosed conflicts of interest, and illegal activities. However, drawing evidence-based conclusions is encouraged as part of professional practice.
Why B is Correct:
Drawing conclusions based on evidence is central to the fraud examination process and is explicitly supported by ACFE standards.
NEW QUESTION # 240
Which of the following BEST reduces the risk of collusion among employees?
- A. Eliminating internal audits
- B. Reducing management oversight
- C. Relying solely on segregation of duties
- D. Independent monitoring and surprise reviews
Answer: D
Explanation:
Collusion can defeat many traditional controls, including segregation of duties. Independent monitoring, data analytics, management reviews, and surprise audits create additional layers of detection that make collusive schemes harder to conceal.
NEW QUESTION # 241
Which of the following Is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management--Integrating with Strategy and Performance?
- A. Independent monitoring
- B. Governance and culture
- C. Risk tolerance
- D. Operating environment
Answer: B
Explanation:
Governance and culture set the foundation for an organization's risk management practices by establishing oversight, ethical values, and the operating structure.
NEW QUESTION # 242
Devon, an employee at Tilly Corp., repeatedly demonstrates a negative attitude when working with other departments. To address this behavior, Devon's manager tells him that he is no longer allowed to lead cross-departmental projects. This is an example of what type of behavioral response?
- A. None of the above
- B. Punishment
- C. Negative reinforcement
- D. Positive reinforcement
Answer: B
Explanation:
This scenario is an example of punishment. Punishment involves introducing a consequence (in this case, the loss of responsibility for cross-departmental projects) to discourage undesirable behavior. The manager uses this approach to address Devon's negative attitude and to promote better cooperation with other departments in the future.
NEW QUESTION # 243
......
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