Free Online ACFE CFE-Fraud-Prevention-and-Deterrence Practice Test

Prepare Your ACFE CFE-Fraud-Prevention-and-Deterrence Exam Questions with Free online CFE-Fraud-Prevention-and-Deterrence Practice Test. Get Brilliant Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Results with Valid CFE Fraud Prevention and Deterrence Exam Dumps.

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Total 143 Questions | Updated On: May 15, 2024

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Question 1

For its compliance program to be effective, an organization must promote the program through appropriate incentives for compliance.

A : True

B : False

Answer: A

Question 2

During an external audit, the audit team identifies evidence that management has Intentionally manipulated the organization's reported revenue amount However, the amount of the resulting misstatement does not meet the quantitative materiality threshold for the audit. Which of the following is TRUE regarding this situation?

A : The auditors should reconsider the reliability of the audit evidence they have previously obtained.

B : The auditors should assume that all audit evidence collected previously is unreliable and withdraw from the audit engagement.

C : The auditors should only consider the evidence if they can determine that the actions meet the legal definition of fraud.

D : The auditors should regard the misstatement as immatenal to the audit because the omitted amount is less than the quantitative materiality threshold

Answer: D

Question 3

According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud,

while_________schemes are the MOST COSTLY form of occupational fraud.

A : Asset misappropriation; corruption

B : Corruption, asset misappropriation

C : Financial statement fraud: corruption

D : Asset misappropriation: financial statement fraud

Answer: C

Question 4

Which of the following Is NOT Included In Ihe five fraud risk management principles described In Fraud Risk Management Guide, a joint publication by COSO and the ACFE?

A : Communicating the expectations of those governing the fraud risk management program

B : Performing comprehensive fraud risk assessments to identify specific fraud schemes

C : Deploying preventive and detective fraud control activities to mitigate fraud risk

D : Developing one-time evaluations for each fraud risk management principle

Answer: D

Question 5

According to behaviorists such as B. F. Skinner, which of the following scenarios is MOST LIKELY to occur when an undesired behavior is punished?

A : The behavior will return when punishment ceases

B : The behavior will be permanently suppressed

C : The behavior will occur more frequently.

D : The behavior will not be affected by the punishment

Answer: A

Page: 1 / 29

Total 143 Questions | Updated On: May 15, 2024

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