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

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

Question 33

Which of the following would MOST LIKELY be a violation of the ACFE Code of Professional Ethics?

Options:

A.

Green a CFE, uncovered several material internal control deficiencies unrelated to the financial statement fraud he was investigating. In his final report to management. Green included information about the deficiencies even though they were unrelated to the situation he was hired to investigate.

B.

Stephanie, a CFE, accepted a fraud examination assignment and then instructed a lower-level employee to assess the company's cash records for signs of fraud. She took his word when he said there was no evidence of wrongdoing and ended up failing to uncover a very costly fraud scheme.

C.

Susan, a CFE, was hired by a client to conduct a fraud examination but found nothing amiss A year later, she received a legal order from the local prosecutor's office to provide the client's file. Susan complied with the court order, even though she did not have the client's authorization to do so.

D.

All of the above are violations

Question 34

Which of the following is NOT one of the three general approaches used to control corporate crime?

Options:

A.

Strong intervention of the government

B.

Voluntary changes in corporate attitudes and structure

C.

Consumer action to force change

D.

Media blacklisting of the organization

Question 35

Stevens, a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination at ABC Company. His examination did not reveal any conclusive evidence that fraud had occurred or was occurring. Consequently, ABC's management asked Stevens to state in his official examination report that the organization is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. Under the ACFE Code of Professional Ethics. Stevens is permitted to comply with management's request based on the findings of his examination.

Options:

A.

True

B.

False

Question 36

Which of the following is an example of organizational crime?

Options:

A.

A salesman offering bribes to secure a contract

B.

An accounting clerk forging company checks to herself

C.

A doctor conspiring with patients to Tile false health care insurance claims

D.

Management of several construction companies engaging In bid rigging