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Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence Updated Exam

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Total 234 questions
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Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Questions and Answers

Question 41

Jane, a Certified Fraud Examiner (CFE), was hired lo conduct a fraud examination at XYZ Company Her examination did not reveal any conclusive evidence that fraud had occurred or was occurring Consequently. XYZ's management asked Jane to state in her official examination report that the company is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. The ACFE Code of Professional Ethics prohibits Jane from complying with management's request.

Options:

A.

True

B.

False

Question 42

Luis, the internal audit manager for Oak Corporation, is working to formally incorporate the company's fraud risk assessment into its audit process. Which of the following is NOT a way that Oak's audit team should use the fraud risk assessment process and results as part of their audits?

Options:

A.

To inform the development of audit programs for areas that have been identified as having a high risk of fraud.

B.

To confirm whether there is conclusive evidence that fraud is occurring within the company.

C.

To validate whether the organization is appropriately managing moderate-to-high fraud risks.

D.

To design audit tests to evaluate whether fraud risk controls are operating effectively.

Question 43

Which of the following is a best practice when assembling a fraud risk assessment team?

Options:

A.

Team members should all have similar skills and perspectives.

B.

The size of the team should be limited to four individuals.

C.

The team should include only external sources.

D.

Team members should have experience in eliciting information.

Question 44

According to the results of behavioral studies, such as those conducted by B. F. Skinner, application of punishment to undesired behavior typically results in which of the following?

Options:

A.

increase in the occurrence of the undesired behavior

B.

No effect on the occurrence of the undesired behavior

C.

Temporary suppression of the undesired behavior

D.

Permanent suppression of the undesired behavior

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Total 234 questions
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