Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence Dumps PDF

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Demote employees who continue to have reconciliation discrepancies.

Publicly praise employees every time their cash drawers are balanced.

Deduct an hour's worth of pay for anyone whose cash drawer is not perfectly reconciled each day.

Take away an hour of paid time off from an employee each time their cash drawer is not balanced.

The most common internal response to a substantiated fraud case is to terminate the employee.

Only a small percentage of perpetrators are punished when an organization handles a fraud case internally.

Most fraud cases are only handled internally and are not referred to law enforcement for prosecution.

The primary reason that organizations decline to prosecute fraud cases is a lack of evidence.

Flowcharts displaying departmental structures can be a helpful tool in communicating the proper flow of information as part of fraud prevention efforts.

Communicating the proper flow of information to everyone in the organization can increase the organization's vulnerability to fraud.

It is best to avoid formally documenting organizational structures to limit fraudsters' ability to circumvent oversight controls.

A confused organizational structure makes it harder for a fraudster to perpetrate and conceal their misdeeds.