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ACFE CFE-Fraud-Prevention-and-Deterrence Exam is administered by the Association of Certified Fraud Examiners (ACFE), which is the world's largest anti-fraud organization. The ACFE is dedicated to fighting fraud and white-collar crime by providing education, training, and resources to professionals in the field. The ACFE CFE-Fraud-Prevention-and-Deterrence Exam is one of the most respected and recognized certifications in the field of fraud prevention and deterrence.

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To become a Certified Fraud Examiner-Fraud Prevention and Deterrence, candidates must meet the eligibility requirements set by the ACFE. Candidates must have a minimum of a bachelor's degree or equivalent, and have two years of professional experience in a field related to fraud prevention and detection. Candidates must also pass the CFE-Fraud-Prevention-and-Deterrence Certification Exam, which is a computer-based exam that is offered at Pearson VUE testing centers around the world.

ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q122-Q127):

NEW QUESTION # 122
Which of the following is FALSE regarding the process of defining the objective of the fraud risk management program?

Answer: A


NEW QUESTION # 123
Which principle of corporate governance pertains to the disclosure of all material matters that the shareholders need to make timely and informed decisions regarding their investment in the company?

Answer: B

Explanation:
* Corporate Governance Principles:
* Transparency refers to disclosing material matters, enabling shareholders to make informed decisions.
* This includes providing timely and accurate information about the company's financial performance, risks, and governance practices.
* Analysis of Other Options:
* B. Fairness: Involves equitable treatment of all shareholders.
* C. Responsibility: Focuses on fulfilling legal and ethical obligations.
* D. Accountability: Pertains to holding the board and management responsible for their actions.
* Conclusion:Transparency ensures shareholders have the necessary information for decision-making.
References:Corporate governance best practices and G20/OECD Principles of Corporate Governance.


NEW QUESTION # 124
Which of the following Is TRUE regarding the reporting of the fraud risk assessment results?

Answer: D

Explanation:
* Reporting Fraud Risk Assessment Results:
* Reports should align with the organization's operational language to ensure comprehension by management and stakeholders.
* Why A is Correct:
* Using business-appropriate language ensures effective communication of findings and recommendations.
* Why Other Options are Incorrect:
* B: Comprehensive details may overwhelm the audience; only key findings are usually reported.
* C: Reports should reflect objective analysis, not subjective perspectives.


NEW QUESTION # 125
The internal auditor s fraud-related responsibilities include which of the following?

Answer: B


NEW QUESTION # 126
In the context of a fraud examination, integrity requires which of the following elements?

Answer: A

Explanation:
Integrity in fraud examination requires honesty, objectivity, independence of mental attitude, and avoidance of conflicts of interest that could impair professional judgment. A CFE must place the truth and the proper performance of the engagement above personal gain or outside influence. Option B is incorrect because prioritizing personal gain directly conflicts with integrity. Option C is also wrong because concealing errors undermines reliability, transparency, and professional responsibility. Option D is incorrect because differences of opinion can occur in professional work; integrity does not require artificial agreement. Instead, it requires that opinions and conclusions be based on sufficient evidence and disclosed honestly. A fraud examiner must remain independent in thought and avoid relationships or interests that compromise objectivity. Therefore, option A best describes integrity in a fraud examination.


NEW QUESTION # 127
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