ACFE CFE-Fraud-Prevention-and-Deterrence Exam With Confidence Using Practice Dumps

 Government Auditors' Responsibilities:

Reporting requirements vary depending on jurisdictional laws, regulations, and the specific audit mandates under which the government auditors operate.

Some jurisdictions require direct reporting to oversight agencies, while others may mandate internal reporting within the organization.

 Why D is Correct:

Government auditors' reporting responsibilities are not uniform globally and are tailored to the legislative frameworks of their jurisdictions and the purpose of the audit.

 Why Other Options are Incorrect:

A:Reporting requirements are not uniform for all government auditors.

B:Legal prohibitions on external reporting are uncommon but may vary by jurisdiction.

C:Private and public sector reporting standards differ significantly​​.

Fraud Risk Assessment Objectivity:

The assessment must remain unbiased, but any prior disagreements or conflicts may highlight areas where policies or procedures are unclear, increasing fraud risks.

Why C is Correct:

Incorporating disagreements provides context to evaluate risks objectively, ensuring that all relevant factors are considered without bias.

Why Other Options are Incorrect:

A:Confronting Brandon could create further conflict without adding value.

B:Delegating the task unnecessarily avoids responsibility.

D:Automatically designating the area as high-risk lacks justification and could undermine credibility​​.

References for All Questions:

ACFE Code of Professional Ethics and Fraud Examination Guide​​.

ISO 31000:2018 guidelines for risk management​​.

Criminological theories related to crime causation and fraud risk assessments​​.

Definition of Organizational Crime:

Organizational crime involves illegal actions conducted by or on behalf of organizations to benefit the organization or its management.

Why D is Correct:

Bid rigging is a classic example of organizational crime, where multiple companies collude to manipulate competitive bidding processes for mutual benefit.

Why Other Options are Incorrect:

A, B, and C:These represent individual crimes for personal gain, not organizational-level misconduct​​.

References for All Questions:

COSO Internal Control–Integrated Framework​​.

Criminological theories and studies on deterrence and organizational crime​​.

Diane Vaughan's research on organizational factors contributing to deviance​​.