Employee anti-fraud education should:

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

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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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Which of the following statements is TRUE regarding the internal audit function's reporting responsibilities concerning fraud?

• A.The internal audit function should wait until issues related to fraud occur before communicating with senior management or the board of directors about the topic.
• B.The internal audit function should not disclose the results of its fraud audits to senior management or the board of directors to maintain independence.
• C.The internal audit function should avoid communicating with the board of directors about fraud because that is solely the responsibility of the legal function.
• D.The internal audit function should discuss management's level of cooperation with the assessment of the organization's fraud risk management in its report to the board of directors.

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Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management-Integrating with Strategy and Performance?

• A.Event avoidance
• B.Risk tolerance
• C.Compliance
• D.Review and revision

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Who is ultimately responsible lor ensuring the effectiveness of the organization's anti-fraud program?

• A.Internal auditors
• B.Management
• C.External auditors
• D.The compliance function

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