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

Based on research regarding the criminogenic nature of organizations, employees with strong personal values and ethics will always disobey a superior ' s direct order to engage in fraudulent behavior, despite an inherent desire to obey authority figures.

• A.  True
• B.  Flase

(Which of the following is a best practice when assembling a fraud risk assessment team?)

• A.  The size of the team should vary based on organization size and the methods used to conduct the assessment.
• B.  The team should include only external sources.
• C.  The team should exclude operations personnel and members of the legal department for independence purposes.
• D.  Team members should all have similar skills and perspectives.

According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?

• A.  External audit
• B.  Internal audit
• C.  Confession
• D.  Tips

Which of the following is a best practice when assembling a fraud risk assessment team?

• A.  The team should include only external sources.
• B.  Team members should all have similar skills and perspectives.
• C.  The size of the team should be limited to four individuals.
• D.  Team members should have experience in eliciting information.

Which of the following is a TRUE statement regarding the components of the Committee of Sponsoring Organizations of the Treadway Commission's COSO Internal Control-Integrated Framework the Framework?

• A.  Determining the effectiveness of an organization's internal control system involves assessing whether the identified components meet minimum regulatory requirements.
• B.  Determining the effectiveness of an organization's internal control system involves assessing whether all of the identified components are operating together in an integrated manner.
• C.  The Framework identifies 12 components of internal control that must all be in place for the internal control system to be effective.
• D.  Ethical culture is one of the primary components of internal control identified in the Framework.