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ACFE CFE-Fraud-Prevention-and-Deterrence Exam Overview:

Certification Vendor:ACFE
Exam Name:Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
Exam Number:CFE
Passing Score:75%
Certificate Validity Period:Not specified
Available Languages:English
Real Exam Qty:100
Exam Duration:120 minutes
Related Certifications:Certified Fraud Examiner (CFE)
Exam Format:Multiple-choice
Exam Price:$450
Sample Questions:ACFE CFE-Fraud-Prevention-and-Deterrence Sample Questions
Exam Way:Online or at a testing center
Pre Condition:Requires a combination of professional experience and points-based qualification system (minimum 40 points to sit for the exam, 50 points for certification).
Official Syllabus URL:https://www.acfe.com/cfe-credential/about-the-cfe-exam.aspx

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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q18-Q23):

NEW QUESTION # 18
Which of the following is NOT a purpose served by a professional organization's code of conduct?

Answer: B

Explanation:
* Purpose of a Code of Conduct:
* A professional code of conduct serves as a guideline for ethical behavior, provides benchmarks for decision-making, and facilitates enforcement within the profession.
* It does not replace the personal responsibility to exercise individual judgment and consult one's conscience.
* Analysis of Other Options:
* B, C, and D: These accurately describe the purposes of a professional code of conduct.
* Conclusion:The code of conduct does not eliminate the need for personal ethical reflection, making Option A incorrect.


NEW QUESTION # 19
(Which of the following factors has contributed to the rising problem of economic crime according to Crimes of the Middle Classes?)

Answer: D

Explanation:
In the White-Collar Crime chapter, the manual's discussion of Crimes of the Middle Classes identifies several factors contributing to the rising problem of economic crime. One of the specific factors mentioned is that the economy increasingly runs on credit, which often leads to rising personal debt. The manual notes that offenders frequently showed serious discrepancies between their resources and their commitments, and it further explains that the easy availability of money and goods on credit can fuel fraud schemes. This directly supports option B. The other answer choices do not reflect the factors listed in the manual. Therefore, the correct answer is the economy's increased reliance on credit.


NEW QUESTION # 20
Which of the following is TRUE regarding proactive fraud auditing procedures?

Answer: D


NEW QUESTION # 21
Which of the following statements is TRUE according to rational choice theory?

Answer: D

Explanation:
Rational choice theory posits that crime is a deliberate and rational decision made by individuals who weigh the costs and benefits of their actions. Perpetrators commit crimes when they believe the potential benefits outweigh the risks. This theory also supports deterrence measures that increase the perceived risks or reduce the benefits of committing crimes, thereby discouraging rational actors from engaging in fraudulent behavior.
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NEW QUESTION # 22
ABC. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that ABC is subject to?

Answer: A

Explanation:
* Corporate Governance Requirements for Public Corporations:
* Publicly traded companies must adhere to the listing standards of the stock exchanges where their shares are traded (e.g., NYSE or NASDAQ).
* B. G20/OECD Principles: These are guidelines, not binding requirements.
* C. No requirements: Incorrect; corporate governance regulations apply regardless of jurisdiction.
* D. Universal Corporate Governance Act: No such act exists globally.
* Conclusion:Public corporations must comply with stock exchange-specific listing standards.
References:Corporate governance standards and listing requirements.


NEW QUESTION # 23
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