Online Access Free ACFE.CFE-Fraud-Prevention-and-Deterrence.v2026-01-28.q121 Practice Test (Page 16)

CFE-Fraud-Prevention-and-Deterrence Exam Question 71

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal control as:

A.A process implemented to review how well the organization's risk management capabilities have increased value over time and how they will continue to drive value for the organization

B.A process, effected by an entity's board of directors, management, and other personnel,designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance

C.A process involving personnel at all levels of the organization that aims to eliminate all uncertainty and risk while also ensuring the achievement of organizational goals

D.A process aimed at proactively identifying, evaluating, and addressing an organization's vulnerabilities to fraud by both internal and external sources

CFE-Fraud-Prevention-and-Deterrence Exam Question 72

Which of the following is a TRUE statement regarding the role of a well-designed organizational structure as part of an anti-fraud program?

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

B.Effectively documenting and communicating the organizational structure to all employees can help prevent fraud.

C.Formally establishing and communicating the proper flow of information in an organization can hinder its fraud prevention initiatives.

D.Displaying organizational and departmental hierarchies can help fraudsters select their targets.

CFE-Fraud-Prevention-and-Deterrence Exam Question 73

Josie is conducting an external audit of a company in a jurisdiction that is subject to International Standards on Auditing (ISAs). While conducting her audit procedures, she discovers evidence that Carissa, the company' s chief financial officer, has been fraudulently manipulating the financial statements. Which of the following is Josie's BEST response to these findings?

A.Josie should report her findings to those charged with governance of the organization.

B.Josie should not disclose her findings to anyone until after she has conducted a full investigation.

C.Josie should immediately report her findings to the local media.

D.Josie should confront Carissa with her audit findings and try to get a confession.

CFE-Fraud-Prevention-and-Deterrence Exam Question 74

Which of the following statements is TRUE according to rational choice theory?

A.Crime originates from a rational and conscious decision made by the perpetrator in order to receive an intended benefit.

B.Crime originates from an instinctual response to external stimuli without any rational or conscious decision by the perpetrator.

C.Crime can be deterred by increasing the personal benefit to potential perpetrators.

D.Crime can be deterred by decreasing the personal risk to potential perpetrators.

CFE-Fraud-Prevention-and-Deterrence Exam Question 75

Which of the following scenarios is LEAST LIKELY to be considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics?

A.Ren undertakes an external engagement that requires him to work outside the normal work hours of his primary employer.

B.Karen accepts an assignment to search for fraud indicators at an organization in which she is an undisclosed partner.

C.Lori accepts an assignment to infiltrate her employer and transmit inside information to a competitor.

D.DeVon undertakes engagements for both sides in a case of an alleged fraudulent warranty scheme.

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CFE-Fraud-Prevention-and-Deterrence Exam Question 71

CFE-Fraud-Prevention-and-Deterrence Exam Question 72

CFE-Fraud-Prevention-and-Deterrence Exam Question 73

CFE-Fraud-Prevention-and-Deterrence Exam Question 74

CFE-Fraud-Prevention-and-Deterrence Exam Question 75

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