Free ACFE CFE-Fraud-Prevention-and-Deterrence Exam Questions

Become ACFE Certified with updated CFE-Fraud-Prevention-and-Deterrence exam questions and correct answers

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Total 360 Questions | Updated On: Jul 28, 2025

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Question 1

Effectively documenting and communicating organizational hierarchies, including the proper flow of information, can be a helpful tool in preventing fraud

A : True

B : False

Answer: A

Question 2

Which of the following would speed up the pick-up process at a warehouse?

A : Use an unified barcode system for every item within the warehouse

B : Categorize the items based on their pick-up frequency

C : Narrow down the aisles to enlarge total storage area

D : Combine goods-in and goods-out areas into one place

Answer: B

Question 3

Before buying a capital asset, an organisation should weigh the costs and benefits of the asset. What factors are included in this analysis? Select TWO that apply.

A : The cumulative cash flows generated by the asset

B : Current liabilities in the balance sheet

C : The cost of the asset

D : Dividends paid

E : Shareholders' equity

Answer: A,C

Question 4

Which of the following is one of the recommendations made by the National Commission on Fraudulent Financial Reporting (the Treadway Commission) to reduce the probability of fraud in financial reports?

A : mandatory independent compensation committee

B : areholder oversight of internal controls

C : written charter for management

D : equate audit committee resources and authority

Answer: D

Question 5

To reinforce an anti-fraud culture, it is BEST for an organization's management to:

A : Discourage employees from questioning their immediate supervisor's actions or decisions if they have concerns.

B : Discipline any employees who publicly express their frustration regarding organizational policies.

C : Require senior leaders to follow the same ethics policies that are in place for all staff-level employees.

D : Use a checklist of initiatives to ensure that all the elements of a strong corporate culture are in place.

Answer: C

Page: 1 / 72

Total 360 Questions | Updated On: Jul 28, 2025

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