Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2022-02-24.q34 Practice Test (Page 6)

Question 21

Which of the following best describes the purpose of The National Commission on Fraudulent Financial Reporting (the Treadway Commission)?

A.Studying the effect of the threat of vicarious liability on the behavior of corporate executives

B.Determining the specific requirements of the Principles of Risk Management

C.Defining the responsibility of the auditor in preventing and detecting fraud

D.Designing a model corporate compliance program

Question 22

Which of the following statements regarding white-collar defendants is TRUE?

A.The lower the offenders' social status, the more likely they are to be imprisoned

B.They are more likely to be fined than to face prison terms as punishment

C.All of the above

D.They are less likely to insist on a trial than other offenders

Question 23

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."

A.Fraud risk management

B.Internal control

C.Risk assessment

D.Corporate compliance

Question 24

A corporation can generally be held criminally responsible for criminal acts committed by its employees even if those in management had no knowledge of or participation in the underlying events.

A.True

B.False

Question 25

Which of the following is a detective anti-fraud control?

A.Hiring policies and procedures

B.Fraud awareness training

C.Separation of duties

D.Independent reconciliations

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Question 21

Question 22

Question 23

Question 24

Question 25

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