Free ACFE CFE-Fraud-Prevention-and-Deterrence Exam Dumps Questions & Answers

Which of the following statements is MOST ACCURATE regarding an organization ' s fraud risk management program?

• A.  All employees at the organization should be responsible for monitoring compliance with the program.
• B.  Punishment for intentional noncompliance should be individualized based on the offender ' s personal circumstances.
• C.  Formal sanctions for intentional noncompliance should be kept private and only shared if a party absolutely needs to know.
• D.  Systems to monitor and identify breaches in compliance must be included in the fraud risk management program.

Devon, an employee at Tilly Corp., repeatedly demonstrates a negative attitude when working with other departments. To address this behavior, Devon's manager tells him that he is no longer allowed to lead cross- departmental projects. This is an example of what type of behavioral response?

• A.  Negative reinforcement
• B.  Positive reinforcement
• C.  None of the above
• D.  Punishment

Which of the following is NOT a responsibility of the organization ' s board of directors?

• A.  Directing employees to execute business activities
• B.  Serving as the intermediaries between shareholders and management
• C.  Acting as guardians of the organization ' s resources and assets
• D.  Assessing the strategy and underlying purpose of management ' s decisions and actions

(Which of the following is a responsibility of an organization's board of directors?)

• A.  Directing employees to plan and implement business activities
• B.  Managing the performance of employees charged with executing business activities
• C.  Electing the company's shareholders and supervising their decisions and actions
• D.  Serving as the intermediary between shareholders and management

Which of the following statements about the use of data and transaction monitoring and analytics as part of a fraud prevention program is MOST ACCURATE?

• A.  Continuous monitoring activities are typically overseen by the internal audit function as part of providing continuous assurance in support of their audit objectives.
• B.  Continuous auditing involves manually collecting and analyzing data to ensure that the organization's processes, policies, and procedures are all functioning effectively.
• C.  To be most effective, data and transaction monitoring and analysis should be performed on an ongoing, real-time basis.
• D.  Data monitoring and analysis activities are only effective for fraud detection and investigation, not for fraud prevention.