This page was exported from Free valid test braindumps [ http://free.validbraindumps.com ] Export date:Sat Apr 5 1:33:41 2025 / +0000 GMT ___________________________________________________ Title: CFE-Fraud-Prevention-and-Deterrence Exam Preparation Material with New CFE-Fraud-Prevention-and-Deterrence Dumps Questions [Q48-Q63] --------------------------------------------------- CFE-Fraud-Prevention-and-Deterrence Exam Preparation Material with New CFE-Fraud-Prevention-and-Deterrence Dumps Questions CFE-Fraud-Prevention-and-Deterrence 2022 Training With 99 QA's NEW QUESTION 48In the context of fraud examination, integrity requires all of the following EXCEPT:  Subordination of desires for personal gain to the interests of clients, employers, and the public  Avoidance of differences of opinion  Independence of mental attitude  An ability to analyze situations where no professional rules are specifically applicable and determine right from wrong NEW QUESTION 49An effective system of internal controls:  Decreases the perception that fraud will be detected  Focuses more on detective controls than preventive controls  Focuses more on preventive controls than detective controls  Does not completely eliminate the risk of fraud NEW QUESTION 50Which of the following is FALSE regarding the fraud risk assessment team?  The team members should have experience in gathering and eliciting information  The team size should be limited to a maximum of three individuals.  The team members might include both internal and external sources  The team should consist of individuals with diverse knowledge, skills, and perspectives. NEW QUESTION 51A corporation can generally be held criminally responsible for criminal acts committed by its employees even if those in management had no knowledge of or participation in the underlying events.  True  False NEW QUESTION 52Which of the following is FALSE regarding proactive fraud auditing procedures?  Implementing proactive fraud audit procedures demonstrates management’s intention to aggressively seek out possible fraudulent conduct  Fraud audit procedures should be designed to incorporate an element of surprise.  Analytical review of the financial statements is best used to uncover small frauds that might be missed by other detection methods  Fraud assessment questioning techniques are most appropriately used as part of the normal audit process NEW QUESTION 53According to International Organization for Standardization (ISO) 31000 2018. an organization’s risk management program should be proportionate to the organization s specific operations and objectives.  True  False NEW QUESTION 54Maria conducted a fraud examination that led to a valid confession of guilt from Rita. In Maria’s verbal report to her superiors, she stated that, in her opinion. “Rita is guilty of embezzlement.” Maria has just violated the ACFE Code of Professional Ethics.  True  False NEW QUESTION 55According to Silk and Vogel’s research, business leaders rationalize legal violations by asserting that the damage done by the violations is diffused among a large number of parties.  True  False NEW QUESTION 56According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:  The continued pressures of a culture that rewards affluence and success  The economy’s increased reliance on credit  The decrease in funds available from government assistance programs  The increased opportunity for wrongdoing as a result of advancing information technologies NEW QUESTION 57White, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. She did not find fraud, but. in White’s opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud. Under the ACFE Code of Professional Ethics. White may include her opinion on the controls in her report to management  True  False NEW QUESTION 58Which of the following is among the audit committee s primary responsibilities related to fraud risk management?  Understanding how internal and external audit strategies address fraud risk  Designing the fraud risk management program  Punishing fraud perpetrators discovered through fraud risk management activities  Implementing the fraud risk management program NEW QUESTION 59Effective risk management involves balancing which of the following?  The organization s internal controls and its financial goals  The organization s financial reporting model and its risk tolerance  The organization s regulatory requirements and its available resources  The organization s risk appetite and its ability to meet its objectives NEW QUESTION 60Glenda. an internal auditor, and Bridgette. an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies Glenda has just been told that she will be the lead on the company s fraud risk assessment. During the fraud risk assessment. Glenda should:  Include her disagreements with Bridgette as a factor when assessing the risk of fraud in the accounts receivable department  Automatically designate the accounts receivable department as a high-risk area  Confront Bridgette about the disagreements and discuss how they increase the departments risk of fraud  Have someone else perform the fraud risk assessment work related to the accounts receivable departments activities NEW QUESTION 61According to the Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) Internal Control-Integrated Framework (the Framework), there are five interrelated components of a company’s internal control. Which of the following is NOT among these five components?  Ethical culture  Risk assessment  Control activities  Monitoring NEW QUESTION 62Sofia, a Certified Fraud Examiner (CFE). look an introductory class in computer forensics When a client thought there might be evidence of a crime on his hard drive. Sofia decided to conduct a forensic examination of the hard drive even though she had no experience or advanced training in this area Sofia’s conduct would likely be a violation of the ACFE Code of Professional Ethics  True  False NEW QUESTION 63Which of the following is FALSE regarding fraud examiners responsibilities under the ACFE Code of Professional Ethics?  Confidential information provided to fraud examiners by their clients is considered privileged and therefore legally exempt from disclosure in all circumstances  In determining what information to include in a fraud examination report, fraud examiners should try to decide what users will consider important and material  If fraud examiners become aware of a situation that might appear to others as though they have a conflict of interest they should immediately disclose the situation to company management  Fraud examiners must obtain and document evidence in a manner that ensures that the chain of custody is preserved  Loading … ACFE CFE-Fraud-Prevention-and-Deterrence Exam Syllabus Topics: TopicDetailsTopic 1Tests your knowledge of why people commit fraud and what can be done to prevent itTopic 2Demonstrate knowledge of fraud schemes, internal controls to deter fraud and other auditing and accounting mattersTopic 3Crime causation, white-collar crime, occupational fraud, fraud prevention, fraud risk assessment, and the ACFE Code of Professional EthicsTopic 4Demonstrate knowledge of these concepts: basic accounting and auditing theoryTopic 5Demostrate the knowledge of the types of fraudulent financial transactions incurred in accounting records   Quickly and Easily Pass ACFE Exam with CFE-Fraud-Prevention-and-Deterrence real Dumps: https://www.validbraindumps.com/CFE-Fraud-Prevention-and-Deterrence-exam-prep.html --------------------------------------------------- Images: https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2022-07-09 10:43:37 Post date GMT: 2022-07-09 10:43:37 Post modified date: 2022-07-09 10:43:37 Post modified date GMT: 2022-07-09 10:43:37