Which of the following is TRUE regarding prosecutions of white-collar criminals?

• A.Most fraud cases are only handled internally and are not referred to law enforcement for prosecution
• B.The primary reason organizations decline to prosecute fraud cases is a belief that their internal discipline methods are sufficient
• C.Only a small percentage of perpetrators are punished when an organization deals with a fraud case internally.
• D.When fraud cases are handled internally, an employee is more likely to be suspended or put on probation than to be terminated for their crime.

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Management at ABC Corp. is assessing the company s ethical tone and how it affects the organization s fraud risk. To most effectively reinforce an anti-fraud culture, management should

• A.Use a checklist of initiatives to make sure all the elements of a strong tone at the top are in place
• B.Implement two separate sets of ethics policies one for management and one for employees
• C.All of the above
• D.Create an environment in which employees feel safe challenging managements decisions

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Jane, a Certified Fraud Examiner (CFE), was hired lo conduct a fraud examination at XYZ Company Her examination did not reveal any conclusive evidence that fraud had occurred or was occurring Consequently. XYZ's management asked Jane to state in her official examination report that the company is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. The ACFE Code of Professional Ethics prohibits Jane from complying with management's request.

• A.True
• B.False

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According to G20/OECD Principles of Corporate Governance (the Principles):

• A.Governments should have in place a corporate governance framework that promotes transparent and fair markets
• B.All of the above
• C.A corporate governance framework should focus on the rights of shareholders but does not need to include the rights of other organizational stakeholders
• D.Companies should disclose all financial information to investors, regardless of the cost burden of the disclosure

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Employee anti-fraud education should:

• A.Be restricted to formal educational mechanisms to reinforce the importance of the message
• B.Include descriptions of the procedures that management uses to detect fraud.
• C.Include examples of prior employee misconduct and how those situations were handled
• D.Be presented by organizational executives or anti-fraud professionals only

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