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

• A.The designation of an area as high risk should only occur if the assessment has conclusively revealed that fraud is occurring there.
• B.The objective of the assessment is to help the organization identify what makes it most vulnerable to fraud.
• C.The assessment should be used to improve employee fraud awareness
• D.The assessment team should consider how employees behave as part of its assessment

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A report by a fraud examiner is privileged from disclosure by anyone other than the client.

• A.True
• B.False

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Mary is charged with implementing a fraud reporting program on behalf of her organization. Which of the following is a best practice that Mary should follow to ensure that the program is successful?

• A.Mary should inform employees that they will be held accountable for reporting tips that cannot be verified.
• B.Mary should inform employees that they are required to report any information about potential fraud directly and only to their immediate supervisor.
• C.Mary should inform employees of the precise methods for reporting potential fraud, such as completing an online form.
• D.Mary should inform employees that the names of all individuals who report misconduct will be shared with the organization's governing body and law enforcement.

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Which of the following is NOT considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics?

• A.Accepting an assignment to secretly infiltrate the fraud examiner's employing organization and transmit inside information to another party
• B.Undertaking an engagement that decreases the fraud examiner's ability to perform their duties for their full-time employer
• C.Accepting an assignment to evaluate the anti-fraud controls at an organization in which the fraud examiner is a shareholder, provided the fraud examiner's ownership interest is disclosed
• D.Undertaking engagements for both sides in a case of alleged vendor overbilling

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The Public Interest Oversight Board (PIOB) is the global body responsible for establishing international corporate governance standards.

• A.True
• B.False

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