Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-05-22.q80 Practice Test (Page 10)

Question 41

Which of the following is TRUE regarding G20/OECD Principles of Corporate Governance (the Principles)?

A.The Principles state that an entity's corporate governance framework should discourage active cooperation between corporations and stakeholders in creating wealth.

B.The Principles are intended to be applicable in developed economies but not in emerging markets.

C.The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them

D.The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders.

Question 42

Which of the following would most likely be a violation of the ACFE Code of Professional Ethics?

A.Green, a CFE. uncovered several material internal control deficiencies unrelated to the financial statement fraud he was investigating. In his final report to management. Green included information about the deficiencies even though they were unrelated to the situation he was hired to investigate.

B.Susan, a CFE was hired by a client to conduct a fraud examination but found nothing amiss A year later, she received a legal order from the local prosecutor's office to provide the client's file Susan complied with the court order, even though she did not have the client's authorization to do so

C.All of the above are violations

D.Stephanie, a CFE. accepted a fraud examination assignment and then instructed a lower-level employee to assess the company's cash records for signs of fraud She took his word when he said there was no evidence of wrongdoing and ended up failing to uncover a very costly fraud scheme.

Question 43

XYZ, Inc. Is a specialty retailer of high-end ergonomic office furniture. The company receives a very large order from ABC Company, a new customer in a different country that wants to pay on credit. Which of the following is MOST ACCURATE regarding the due diligence procedures XYZ should perform on ABC before proceeding with this transaction?

A.XYZ should examine ABC's net worth as part of deciding whether to allow the purchase on credit.

B.XYZ only needs to undertake due diligence procedures if ABC conducts business in countries with known corruption risks.

C.XYZ does not need to take any specific procedures to verify ABC's identity before accepting the transaction

D.XYZ should perform the same level of due diligence as it would for any other customer to avoid claims of discrimination

Question 44

Criminologist Charles McCaghy has slated that profit pressure is the single most compelling factor behind deviance by organizations

A.False

B.True

Question 45

Which of the following is an example of organizational crime?

A.A doctor conspiring with patients to Tile false health care insurance claims

B.An accounting clerk forging company checks to herself

C.A salesman offering bribes to secure a contract

D.Management of several construction companies engaging In bid rigging

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Question 41

Question 42

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Question 45

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