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| Section | Objectives |
|---|---|
| Fraud Investigation and Analysis | - Evidence collection and documentation
|
| Fraud Schemes | - Financial Statement Fraud
|
| Financial Crimes | - Money Laundering
|
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NEW QUESTION # 180
Which of the following is NOT an example of bribery prevention policies?
Answer: C
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Bribery prevention policies often include:
* Reporting gifts (disclosure of items received from vendors),
* Discounts (rules about vendor concessions),
* Business meetings (clear rules on vendor-sponsored events). Resource diversions is not a standard bribery prevention policy but a form of fraud.
* Analysis of Incorrect Options:
* A, B, C - Legitimate examples of prevention policies.
* D. Resource diversions - Not a preventive measure.
* Key Concept: Anti-bribery policies - clear rules on gifts, discounts, and vendor relationships.
Reference: ACFE Fraud Examiners Manual (2020 International Edition) , Corruption - Prevention of Bribery Schemes .
NEW QUESTION # 181
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
Answer:
Explanation:
One's actions (i.e., Rationalization)
* Rationale for Correct Answer: Rationalization is the cognitive process by which fraud perpetrators justify their unethical conduct so they can commit fraud without feeling like criminals. A common way is to "invent a good reason" for their actions (e.g., "I deserve it," "I'll pay it back," "Everyone else is doing it"). Thus, the correct completion is "one's actions" or more precisely, Rationalization .
* Analysis of Incorrect Options: Since this is a fill-in-the-blank, the distractors are implied. The only correct concept here is rationalization of one's actions .
* Key Concept: Rationalization - one leg of the fraud triangle.
Reference: ACFE Fraud Examiners Manual (2020 International Edition) , Fraud Theory - Rationalization in Cressey's Fraud Triangle .
NEW QUESTION # 182
To prevent expense reimbursement fraud, it is recommended that companies require employees to submit receipts electronically.
Answer: A
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Expense reimbursement schemes are a common type of fraudulent disbursement. Requiring employees to submit receipts electronically improves controls by ensuring legibility, reducing the chance of altered or duplicate submissions, and creating a digital audit trail. This measure is recommended in the Fraud Examiners Manual as part of strengthening internal controls over reimbursement processes.
* Analysis of Incorrect Option:
* B. False - Incorrect because electronic receipt submission is indeed a recognized anti-fraud measure.
* Key Concept: Fraudulent disbursements prevention through documentation controls.
Reference: ACFE Manual, Fraudulent Disbursements - Expense Reimbursement Schemes .
NEW QUESTION # 183
Which of the following controls BEST describes the safeguards an organization implements to provide protection for computing resources by increasing security policies and awareness, conducting security audits and tests, and properly classifying data?
Answer: C
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Administrative security controls involve policies, procedures, and practices designed to manage the overall security environment-such as awareness training, audits, data classification, and enforcement of policies. These controls focus on governance rather than direct system configuration.
* Analysis of Incorrect Options:
* A. Technical security controls - These are automated safeguards (e.g., firewalls, encryption).
* B. Logical access controls - Restrict access to systems through passwords, tokens, or biometrics.
* D. Physical access controls - Restrict physical access (e.g., locks, guards, CCTV).
* Key Concept: Layers of security controls (administrative, technical, physical).
Reference: ACFE Manual, Fraud Prevention and Deterrence - Information Security Controls .
NEW QUESTION # 184
Which of the following is a reason why prepaid debit and gift card fraud schemes are appealing to fraudsters?
Answer: C
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Prepaid debit and gift cards are attractive because they allow fraudsters to convert stolen credit card funds into cash or easily launder illicit funds . They are widely available and accepted both in person and online, making option A correct.
* Analysis of Incorrect Options:
* B. Only from financial institutions - False; cards are sold at retail stores and online.
* C. Not accepted online - False; they are accepted by most online retailers.
* D. All of the above - Incorrect since B and C are false.
* Key Concept: Prepaid card fraud as part of asset misappropriation and identity theft schemes.
Reference: ACFE Fraud Examiners Manual (2020) , Fraudulent Disbursements and Payment Cards .
NEW QUESTION # 185
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