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

Which of the following statements about the fraud risk assessment process Is MOST ACCURATE?

• A.To ensure the independence of the team members, a fraud risk assessment must be conducted by a consultant or other external party.
• B.The fraud risk assessment is most effective when management's influence on the process is limited
• C.The fraud risk assessment can be effectively conducted by people inside or outside of the organization.
• D.If the individuals conducting the fraud risk assessment truly believe that fraud could not happen at the organization, then the assessment process should reflect that belief.

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.Have someone else perform the fraud risk assessment work related to the accounts receivable department's activities.
• 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.Confront Bridgette about the disagreements and discuss how they increase the department's risk of fraud.

Cho, an internal auditor, and Pierre, a sales manager, have had several disagreements about the sales tactics used by Pierre's team. Cho has just been told that she will lead the company's fraud risk assessment. During the fraud risk assessment, Cho should:

• A.Include her disagreements with Pierre as a factor when assessing the risk of fraud in the sales function.
• B.Automatically designate the sales function as a high-risk area.
• C.Request that someone else perform the fraud risk assessment work that is related to the sales function's activities.
• D.Confront Pierre about the disagreements and discuss how they increase the company's risk of fraud.

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 not be affected by the punishment
• C.The behavior will occur more frequently.
• D.The behavior will be permanently suppressed

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.Shareholder oversight of internal controls
• B.A mandatory independent compensation committee
• C.A written charter for management
• D.Adequate audit committee resources and authority