Gregory, an internal auditor, and Brandon, the company's purchasing manager, have had several heated disagreements over purchasing procedures and policies. Gregory has just been told that he will be the lead on the company's fraud risk assessment. During the fraud risk assessment. Gregory should:

• A.Confront Brandon about the disagreements and discuss how they increase the organization's risk of fraud-
• B.Have someone else perform the fraud risk assessment work related to the purchasing function
• C.Include his disagreements with Brandon as a factor when assessing the risk of fraud in the purchasing function.
• D.Automatically designate the purchasing function as a high-risk area.

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In the context of a fraud examination, integrity requires which of the following elements?

• A.Independence of mental attitude and avoidance of conflicts of interest.
• B.Prioritization of desires for personal gain over the interests of clients.
• C.Ability to conceal errors to preserve the reliability of the work performed.
• D.Avoidance of differences of opinion on all material matters.

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Which of the following Is FALSE regarding a fraud risk assessment?

• A.The assessment team should consider how employees behave as part of Its assessment
• B.The assessment should be used to improve employee fraud awareness.
• C.The designation of an area as being high risk does not conclusively mean that fraud is occurring there.
• D.The objective of the assessment is to provide an estimate of the organization's fraud losses.

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Which of the following would MOST LIKELY be a violation of the ACFE Code of Professional Ethics?

• A.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.
• B.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.
• C.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.
• D.All of the above are violations.

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During the course of a fraud examination. While, an employee of the ABC Corp.. approaches Blue, a Certified Fraud Examiner (CFE), and tells Blue that she wishes to furnish information in confidence. Blue also is employed by the ABC Corp. Blue should:

• A.Tell White that she will try to keep the information as confidential as possible
• B.Agree that the information will be held in confidence, even though Blue knows it will not be
• C.Take White's request straight to ABC Corp.'s management
• D.Not agree to the request for confidentiality

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