CFE-Fraud-Prevention-and-Deterrence Exam Dumps - ACFE Certified Fraud Examiner Questions and Answers

The internal audit function should discuss how and when to report fraud-related issues with senior management and the board of directors before such issues arise.

The internal audit function is permitted, but not required, to periodically report about the organization's fraud risks to senior management and the board of directors.

The internal audit function should not disclose the results of its fraud audits to senior management or the board of directors in order to maintain independence.

The internal audit function is not permitted to communicate with the board of directors about fraud, as that is the responsibility of external auditors.

Rationalization

Perceived opportunity

Perceived acquiescence

Perceived non-shareable financial need

Conditioning theory

Routine activities theory

Rational choice theory

Social control theory

Baldwin asking for guidance from his family and friends.

Baldwin reviewing the ACFE Code of Professional Ethics.

Baldwin contemplating philosophical principles related to ethics.

Baldwin reading the applicable contract law.

Management's risk appetite and the organization's ability to meet its objectives.

The organization's internal controls and its financial reporting model.

Management's risk appetite and relevant regulatory requirements.

The organization's objectives and available resources.

Crime originates from a rational and conscious decision made by the perpetrator in order to receive an intended benefit.

Crime originates from an instinctual response to external stimuli without any rational or conscious decision by the perpetrator.

Crime can be deterred by increasing the personal benefit to potential perpetrators.

Crime can be deterred by decreasing the personal risk to potential perpetrators.

Formal sanctions for intentional noncompliance should be kept private and only shared if a party absolutely needs to know.

All employees at the organization should be responsible for monitoring compliance with the program.

Punishment for intentional noncompliance should be individualized based on the offender's personal circumstances.

Systems to monitor and identify breaches in compliance must be included in the fraud risk management program.

It prioritizes implementing detective controls over preventive controls.

It deters fraudsters by increasing the perception that fraud will be detected.

It fully eliminates the risk of fraud by removing opportunities for misbehavior.

It focuses more on preventive controls than detective controls.

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

Contain a detailed, comprehensive list of every assessment finding.

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

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

Support for the equal treatment of all members of an organization's governing body.

A requirement for a corporate governance framework that protects the exercise of management's rights.

An emphasis on the importance of timely, accurate, and transparent disclosure mechanisms.

A request that governments implement effective internal controls to support good corporate governance practices.