Practice Free CFE Fraud Prevention and Deterrence Exam Online Questions
Which of the following Is NOT considered a conflict of Interest that Is prohibited under the ACFE Code of Professional Ethics?
- A . Undertaking an engagement that decreases the fraud examiner’s ability to perform their duties for their full-time employer
- B . Accepting an assignment to assess red flags of fraud at an organization in which the fraud examiner is a partner, provided the fraud examiner’s ownership interest is disclosed
- C . Undertaking engagements for both sides in a case of an alleged product substitution scheme
- D . Accepting an assignment to secretly infiltrate the fraud examiner’s employing organization and transmit inside information to another party
According to the differential reinforcement theory, behavior is weakened when positive rewards are gained or punishment is avoided.
- A . True
- B . False
Glenda. an internal auditor, and Brldgette. an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies. Glenda has just been told that she will be the lead on the company’s fraud risk assessment.
During the fraud risk assessment. Glenda should:
- A . Confront Bridgette about the disagreements and discuss how they increase the department’s risk of fraud.
- B . Include her disagreements with Bridgette as a factor when assessing the risk of fraud in the accounts receivable department.
- C . Automatically designate the accounts receivable department as a high-risk area.
- D . Have someone else perform the fraud risk assessment work related to the accounts receivable department’s activities.
In response to an employee’s failure to meet performance expectations, a manager demotes the employee to a junior-level position.
This is an example of what type of behavioral response?
- A . Positive reinforcement
- B . Negative reinforcement
- C . Punishment
- D . None of the above
The internal auditor’s fraud-related responsibilities include which of the following?
- A . Evaluating the organization’s structures and process for fraud risk governance.
- B . Issuing a report asserting that the organization’s financial statements do not contain material misstatements caused by fraud.
- C . Overseeing management’s actions to manage fraud risks.
- D . Reporting to regulators regarding the entity’s vulnerability to fraud.
Which of the following is NOT one of the three general approaches used to control corporate crime?
- A . Strong intervention of the government
- B . Voluntary changes in corporate attitudes and structure
- C . Consumer action to force change
- D . Media blacklisting of the organization