Which of the following is FALSE regarding corporate governance'

• A.Corporate governances primary purpose is to ensure the accuracy of the organizations financial reports
• B.Effective corporate governance practices are considered to be the foundation of fraud risk management.
• C.Effective corporate governance practices are most necessary in an organization in which the owners are not also the individuals responsible for setting and executing the business strategy
• D.An entity's corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization

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According to The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing, which of the following should the internal audit team evaluate in its assessment of the risk management process?

• A.The materiality of the organization s financial statements
• B.The management team's assessment of the internal controls over financial reporting
• C.The organization s fraud risk management initiatives
• D.The organization s risk exposures relating to the sale of assets

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The availability of suitable targets, absence of capable guardians, and presence of motivated offenders are the three most important elements that influence crime according to which of the following criminological theories?

• A.Conditioning theory
• B.Routine activities theory
• C.Rational choice theory
• D.Social control theory

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(During a fraud risk assessment, an interview would be MOST HELPFUL in which of the following situations?)

• A.The assessment team would like to observe the interactions of several employees discussing the organization's current fraud awareness training.
• B.The assessment team would like to get candid one-on-one feedback from employees in a private setting.
• C.The assessment team would like to provide a means for anonymous employee suggestions or responses to questions posed.
• D.The assessment team would like to obtain individuals' responses through a formal electronic questionnaire.

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Article II of the ACFE Code of Professional Ethics prohibits illegal or unethical conduct, but It allows exceptions for unknowing violations of the law.

• A.True
• B.False

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