Read Online CFE-Fraud-Prevention-and-Deterrence Test Practice Test Questions Exam Dumps [Q131-Q148]

Q131. As part of its anti-fraud program, Oak Company is outlining the responsibilities of different stakeholders.
Who is ultimately responsible for setting the organization’s ethical tone?

Q132. The generation and use of relevant, quality information to support the functioning of internal control is a principle related to which component of the Committee of Sponsoring Organizations of the Treadway Commissions (COSO) Internal Control-Integrated Framework (the Framework)?

Q133. During an external audit of an organization’s financial statements. Elena, the external auditor, uncovers significant internal control deficiencies at the audit client’s organization. She believes these deficiencies could result in a material misstatement of the financial statements. Which of the following should Elena do with regard to these findings?

Q134. Which of the following is FALSE regarding an organization’s anti-fraud policy?

Q135. According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:

Q136. For Its compliance program to be effective, an organization must perform procedures to ensure management hires only ethical Individuals who exercise a substantial measure of discretion In acting on the organization’s behalf

Q137. Which of the following is NOT one of the three elements that have the most influence on crime according to the routine activities theory?

Q138. During an external audit of an organization’s financial statements. Peter, the external auditor, uncovers significant internal control deficiencies at the audit client’s organization. He believes these deficiencies could result in a material misstatement of the financial statements. Which of the following should Peter do with regard to these findings?

Q139. Which of the following is TRUE regarding the internal audit function’s reporting responsibilities pertaining to fraud?

Q140. Which of the following is FALSE regarding the process of defining the objective of the fraud risk management program?

Q141. Which of the following is a detective anti-fraud control?

Q142. Jane, a Certified Fraud Examiner (CFE). was hired to 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

Q143. Black, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. He did not find fraud, but. in Black’s opinion, the controls he examined were deficient. Under the ACFE Code of Professional Ethics. Black is not permitted to express his opinion on the deficient controls.

Q144. Joanna is leading the fraud risk assessment process for her organization. Which of the following considerations about the fraud risk assessment process is MOST ACCURATE and should be incorporated into Joanna’s plans?

Q145. The internal auditor s fraud-related responsibilities include which of the following?

Q146. Employees should be kept unaware that management is watching for lifestyle and behavior changes In staff members that might indicate fraud.

Q147. Mario is charged with implementing a fraud reporting program on behalf of his organization. Which of the following is a best practice that Mario should follow to ensure that the program is successful?

Q148. Rhys, a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination at Marvel Company. His examination did not reveal any conclusive evidence that fraud had occurred or was occurring. Consequently, Marvel’s management asked Rhys to state in his 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. Which of the following is TRUE regarding the ACFE Code of Professional Ethics in this situation?