ACFE CFE-FRAUD-PREVENTION-AND-DETERRENCE Exam Questions & Answers

In identifying the inherent fraud risks that could apply to the organization the fraud risk assessment team should discuss

A. The possibility of management override of controls

B. Risks to the organization's reputation

C. The organization's incentive programs

D. All of the above

Which of the following best describes the purpose of The National Commission on Fraudulent Financial Reporting (the Treadway Commission)?

A. Studying the effect of the threat of vicarious liability on the behavior of corporate executives

B. Designing a model corporate compliance program

C. Defining the responsibility of the auditor in preventing and detecting fraud

D. Determining the specific requirements of the Principles of Risk Management

Blue, a Certified Fraud Examiner (CFE). had an ethical dilemma regarding the contract governing one of his professional engagements. Which of the following sources of guidance would be considered the lowest level of reference to help Blue in determining the most ethical course of action?

A. Contract law

B. The handling of similar situations by individuals he respects

C. Moral philosophical principles

D. The ACFE Code of Professional Ethics