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: Jun 04, 2025

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Question 1

According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.

A : High personal debt; lack of separation of duties

B : Revenge: too much trust in key employees

C : Living beyond their means, too much trust in key employees

D : Desire for recognition, lack of separation of duties

Answer: C

Question 2

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 3

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

A : The organization's incentive programs

B : The possibility of management's override of controls

C : Risks to the organization's reputation

D : All of the above

Answer: D

Question 4

Trevino Ltd is a facility management company which is managing 12 high-rise buildings accross the city. Maintenance of those building accounts for a significant part of Trevino's budget. The company often outsource this service to third party providers. Which of the following can assist Trevino in managing the performance of these suppliers?

A : Stock turn rate

B : Just In Time (JIT)

C : Total cost of ownership

D : Service Level Agreement (SLA)

Answer: D

Question 5

Which of the following is included in the G20/OECD Principles of Corporate Governance?

A : A requirement for corporations to establish a legal, regulatory, and institutional framework to support good governance practices

B : A call to support the equal treatment of all members of an organization's governing body

C : Guidance regarding appropriate board structures, responsibilities, and procedures

D : An examination of the importance of effectively designed and implemented internal control mechanisms within an organization

Answer: C

Page: 1 / 72

Total 360 Questions | Updated On: Jun 04, 2025

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