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

Offer a bonus to anyone whose drawer reconciles perfectly for sixty days.

Publicly call out and criticize employees whose cash drawers are over or short.

Take away an hour of paid time off for each time the drawer is over or short

Demote employees who continue to have reconciliation discrepancies

The objective of the assessment is to help the organization identify what makes it most vulnerable to fraud.

The assessment should be used to improve employee fraud awareness

The assessment team should consider how employees behave as part of its assessment

The designation of an area as high risk should only occur if the assessment has conclusively revealed that fraud is occurring there.

True

False

XYZ only needs to undertake due diligence procedures if ABC conducts business in countries with known corruption risks.

XYZ does not need to take any specific procedures to verify ABC's identity before accepting the transaction

XYZ should examine ABC's net worth as part of deciding whether to allow the purchase on credit.

XYZ should perform the same level of due diligence as it would for any other customer to avoid claims of discrimination