Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-05-22.q80 Practice Test (Page 16)

Question 71

Which of the following is FALSE regarding the process of defining the objective of the fraud risk management program?

A.Management should examine previous fraud occurrences to determine how the ideal fraud risk management program would have prevented them.

B.Management must assign a quantitative measure to its risk appetite so that it can accurately measure the fraud risk management program s effectiveness

C.Management should express risk appetite in a manner that is appropriate for and unique to the organization s culture and operations.

D.Management must consider the total amount of fraud risk it is willing to accept when determining fraud risk management objectives

Question 72

Black, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. He did not find fraud, but. in Black's opinion, the controls he examined were deficient. Under the ACFE Code of Professional Ethics. Black is not permitted to express his opinion on the deficient controls.

A.False

B.True

Question 73

Which of the following is NOT considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics? )

A.Undertaking an engagement that decreases the fraud examiner's ability to perform their duties for their full-time employer

B.Accepting an assignment to secretly infiltrate the fraud examiner s employing organization and transmit inside information to another party

C.Accepting an assignment to assess red flags of fraud at an organization in which the fraud examiner is a partner, provided the fraud examiner's ownership interest is disclosed

D.Undertaking engagements for both sides in a case of an alleged product substitution scheme

Question 74

The theory of differential association is used frequently lo explain white-collar criminality. Which of the following is NOT one of the assertions or principles of differential association?

A.Criminal behavior is acquired through participation with intimate personal groups.

B.Criminal behavior is learned from other people in a process of communication.

C.Criminal behavior is learned using the same mechanisms as other learning

D.Criminal behavior is explained by an individual's general needs and values.

Question 75

Blue, a Certified Fraud Examiner (CFE). had an ethical dilemma regarding the contract governing one of his professional engagements. Which of the following sources of guidance would be considered the lowest level of reference to help Blue in determining the most ethical course of action?

A.The handling of similar situations by individuals he respects

B.Moral philosophical principles

C.The ACFE Code of Professional Ethics

D.Contract law

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Question 71

Question 72

Question 73

Question 74

Question 75

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