ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence - CFE-Fraud-Prevention-and-Deterrence Exam Practice Test

A. Use a checklist of initiatives to make sure all the elements of a strong tone at the top are in place

B. Create an environment in which employees feel safe challenging management ' s decisions

C. implement two separate sets of ethics policies, one for management and one for employees

D. All of the above

A. Have someone else perform the fraud risk assessment work related to the purchasing function

B. Automatically designate the purchasing function as a high-risk area.

C. Include his disagreements with Brandon as a factor when assessing the risk of fraud in the purchasing function.

D. Confront Brandon about the disagreements and discuss how they increase the organization ' s risk of fraud-

A. Tom, a CFE, was hired by a client to conduct a fraud examination but found nothing amiss. A year later, he received a court order to provide the client ' s file to the ordering court. Tom complied with the court order, even though he did not have the client ' s authorization to do so.

B. All of the above are violations.

C. Rodrigo. a CFE. uncovered several material Internal control deficiencies unrelated to the Kickback scheme he was Investigating. In his final report to management. Rodrigo included information about the deficiencies even though they were unrelated to the situation he was hired to investigate.

D. Vivian, a CFE, accepted an assignment to conduct a fraud examination within a manufacturing company. Because she was in a hurry to complete the investigation, she overlooked key items of evidence and ended up failing to uncover a major fraud scheme.

A. True

B. False

A. Eliece should encourage Jewel to report the information to law enforcement because she cannot agree to Jewel's request.

B. Eliece should immediately contact management at Silver Inc. to provide information about her conversation with Jewel and her request for confidentiality.

C. Eliece should promise Jewel that she will keep the information confidential even though she knows that she will likely be unable to keep that promise.

D. Eliece should tell Jewel that she will try to keep the information as confidential as possible but she might have an ethical obligation to inform their employer.

A. Po may include her opinion on the internal controls in her report to management because it is a technical matter.

B. Po may not include her opinion on the internal controls in her report to management because that is not what she was hired to assess.

C. Po may include her opinion on the internal controls in her report to management only if she amends her contract.

D. Po may include her opinion on the internal controls in her report to management only if management agrees to compensate her for the addition.

A. Maintaining a policy that allows employees one warning before they are terminated for committing fraud

B. Emphasizing to all employees that the company maintains a policy of zero tolerance for fraud.

C. Punishing frauds only if they have a significant financial impact.

D. Keeping all known incidents of fraud private to protect the identities of parties involved.

A. Require senior leaders to follow the same ethics policies that are in place for all staff-level employees.

B. Discipline any employees who publicly express their frustration regarding organizational policies.

C. Use a checklist of initiatives to ensure that all the elements of a strong corporate culture are in place.

D. Discourage employees from questioning their immediate supervisor ' s actions or decisions if they have concerns.

A. True

B. False

A. True

B. False

A. Control activities

B. Monitoring

C. Control environment

D. Risk assessment

A. The behavior will not be affected by the punishment

B. The behavior will occur more frequently.

C. The behavior will return when punishment ceases

D. The behavior will be permanently suppressed

A. Focus on the findings that will make the most impact on the company ' s fraud risk management efforts.

B. Contain a detailed, comprehensive list of every assessment finding.

C. Include a complete list of recommended actions for management to take to address all identified risks.

D. Reflect the assessment team ' s subjective perspective regarding the risks identified.