Latest Upload ACFE CFE-Fraud-Prevention Test Book: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam | CFE-Fraud-Prevention Standard Answers

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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Fraud Prevention Programs15–20%- Designing prevention strategies
- Communication and training
- Monitoring and continuous improvement
Topic 2: Fraud Risk Assessment15–20%- Risk analysis and prioritization
- Risk identification methodologies
- Assessment implementation and documentation
Topic 3: Professional Ethics5–10%- ACFE Code of Professional Ethics
- Ethical decision-making
- Conflicts of interest and integrity
Topic 4: Management's Fraud-Related Responsibilities5–10%- Reporting mechanisms
- Establishing anti-fraud policies
- Oversight and accountability
Topic 5: White-Collar Crime15–20%- Organizational vs occupational crime
- Causal factors and opportunity structures
- Impact on organizations and society
- Legal prosecution and sanctions
- Definition and characteristics
Topic 6: Understanding Criminal Behavior5–10%- Theories of crime causation
  • 1. Rational choice and routine activities theory
  • 2. Differential association theory
  • 3. Social control and social learning theory
- Behavior modification principles
Topic 7: Corporate Governance20–25%- Internal control systems
  • 1. COSO five components
    - Roles of board, management, auditors
    - Governance frameworks and principles
    • 1. Treadway Commission (COSO)
      • 2. OECD guidelines

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        ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q274-Q279):

        NEW QUESTION # 274
        Fraud risks related to corruption include:

        Answer: A

        Explanation:
        The ACFE manual lists corruption as a major fraud risk category, including "the payment of bribes to secure business advantages or contracts." Bribery is one of the key examples of corrupt practices addressed by anti-corruption standards.


        NEW QUESTION # 275
        Susannah Is conducting an external audit of a company In a jurisdiction that is subject to International Standards on Auditing (ISAs). While undertaking her audit procedures, she discovers evidence that senior management has been fraudulently manipulating the financial statements. Which of the following is Susannah's BEST response to these findings?

        Answer: C

        Explanation:
        Fraud Discovered During an Audit:
        Under ISAs, auditors must communicate findings of fraud to the appropriate governance body, such as the audit committee or board of directors.
        This ensures accountability and allows the organization to take appropriate remedial action.


        NEW QUESTION # 276
        Which of the following is NOT one of the three elements that have the most influence on crime according to the routine activities theory?

        Answer: B

        Explanation:
        Routine activities theory holds that crime occurs when three elements converge: (1) a motivated offender, (2) a suitable target, and (3) the absence of a capable guardian. "The lack of societal ethics" is not part of this theoretical model.


        NEW QUESTION # 277
        Willow, Inc. has a complex organizational structure with many specialized departments. The structure of Willow, Inc. increases the likelihood that fraud will go undetected within the organization.

        Answer: B


        NEW QUESTION # 278
        According to behaviorists such as B. F. Skinner, which of the following scenarios is MOST LIKELY to occur when an undesired behavior is punished?

        Answer: D


        NEW QUESTION # 279
        ......

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