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ACFE Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence New Questions

Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Questions and Answers

Question 37

Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?

Options:

A.

Professional skepticism means beginning all assignments with the belief that something is amiss.

B.

Professional skepticism involves maintaining a mindset that no fraud has occurred

C.

Fraud examiners should form the engagement hypothesis without regard to the available preliminary information.

D.

Fraud examiners should not relax their skeptical attitudes under any circumstances.

Question 38

Employee anti-fraud education should:

Options:

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.

Question 39

Management at ABC Company wants to transfer one of the risks identified during the company's fraud risk assessment process. Which of the following actions would be MOST APPROPRIATE to support this response?

Options:

A.

Implementing additional preventive and detective controls

B.

Discontinuing the underlying activity completely

C.

Deciding not to implement any responsive measures

D.

Purchasing fidelity insurance to protect against the associated risk of loss

Question 40

The theory of differential association is used frequently lo explain white-collar criminality. Which of the following is NOT one of the assertions or principles of differential association?

Options:

A.

Criminal behavior is explained by an individual's general needs and values.

B.

Criminal behavior is acquired through participation with intimate personal groups.

C.

Criminal behavior is learned from other people in a process of communication.

D.

Criminal behavior is learned using the same mechanisms as other learning