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

Question No: 21

MultipleChoice

Which of the following is TRUE regarding an organization s ethics program?

Options

ATo be most effective, access to the organization s ethics policy should be restricted to employees and other internal parties only

BIn designing the ethics program, management should consider whether the organization currently has any ethical leadership issues

CAn effective written ethics policy alone is sufficient to communicate managements ethical philosophy and serve as a comprehensive ethics program

DAll of the above

Question No: 22

MultipleChoice

During a fraud risk assessment, (he assessment (earn is seeking information on the ethical tone set by upper and middle managers The team members determine that, for this task, they would like to get candid one-on-one feedback from employees away from their peers. Which of the following techniques would be most helpful for them to use in gathering this information?

Options

ASurveys

BAnonymous feedback mechanisms

CInterviews

DFocus groups

Question No: 23

MultipleChoice

Which of the following is TRUE regarding the reporting of the fraud risk assessment results7

Options

AA fraud risk assessment report should reflect the assessment team's subjective perspective regarding the risks identified

BThe fraud risk assessment report should be delivered in a style most suited to the language of the business

CThe fraud risk assessment report should contain a detailed, comprehensive list of every assessment finding

DAll of the above

Question No: 24

MultipleChoice

Which of the following is FALSE regarding corporate governance'

Options

AEffective corporate governance practices are most necessary in an organization in which the owners are not also the individuals responsible for setting and executing the business strategy

BEffective corporate governance practices are considered to be the foundation of fraud risk management.

CCorporate governances primary purpose is to ensure the accuracy of the organizations financial reports

DAn entity's corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization

Question No: 25

MultipleChoice

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines_____________as "a process, effected by an entity s board of directors management.

and other personnel designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."

Options

AFraud risk management

BCorporate compliance

CInternal control

DRisk assessment

Question No: 26

MultipleChoice

Which of the following is NOT a way that an organization's fraud risk assessment should be incorporated into the audit process''

Options

AIt should be used to replace the auditor's own identification and assessment of fraud risks.

BIt should be used to assess whether there is a moderate-to-high risk of management override of internal controls within the moderate-to-high fraud risk areas

CIt should be used to increase awareness in the development of audit programs for areas that have been identified as having a moderate-to-high risk of fraud.

DIt should be used to design audit tests to evaluate whether the controls are operating effectively