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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:
1. In the area of criminological theory, compliance is the theory that tries to prevent crime by providing economic incentives for voluntary conformity to the laws and using administrative efforts to control violations before they occur.
A) True
B) False
2. According to the Fraud Risk Management Guide, a joint publication by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the ACFE, under which principle should an organization communicate the expectations of those overseeing the fraud risk management program?
A) Fraud control activities
B) Fraud investigation and corrective action
C) Fraud risk governance
D) Fraud risk management monitoring activities
3. Which of the following is TRUE regarding proactive fraud auditing procedures?
A) Surprise audit procedures are an effective fraud detection mechanism, but they do not help prevent fraud
B) Analytical review of the financial statements is best used to uncover small frauds that might be missed by other detection methods.
C) Implementing proactive fraud audit procedures demonstrates the organization's intention to aggressively look for possible fraudulent conduct.
D) Fraud assessment Questioning techniques are most appropriately used when attempting to determine who might be responsible for a particular fraud scheme.
4. The Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management--Integrating with Strategy and Performance defines what as `the continual iterative process of obtaining information and sharing it throughout the entity'?
A) Strategy and objective-setting
B) Governance and culture
C) Information, communication, and reporting
D) Performance
5. Which of the following is TRUE regarding an organization's ethics program?
A) An ethics program should avoid addressing rewards for ethical behavior and sanctions for unethical behavior
B) To be most effective, access to the organization's ethics policy should be restricted to external parties such as vendors and customers
C) Having a written ethics policy is sufficient to communicate management's ethical philosophy and serve as a comprehensive ethics program
D) In designing the ethics program, management should consider how stakeholders throughout the organization define success
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |
By Christine
