Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-05-22.q80 Practice Test (Page 8)

Question 31

Which of the following statements is FALSE regarding an organization's fraud risk management program?

A.The program must include mechanisms to monitor and identify breaches in compliance.

B.Formal sanctions for intentional noncompliance should be well-publicized throughout the company

C.The responsibility of handling suspected incidents of noncompliance should be delegated to someone outside of the company.

D.There should be measures in place to address failures in the design or operation of anti-fraud controls, as well as fraud occurrences

Question 32

Management at ABC Corp. is assessing the company s ethical tone and how it affects the organization s fraud risk. To most effectively reinforce an anti-fraud culture, management should

A.Use a checklist of initiatives to make sure all the elements of a strong tone at the top are in place

B.Create an environment in which employees feel safe challenging managements decisions

C.Implement two separate sets of ethics policies one for management and one for employees

D.All of the above

Question 33

International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the establishment of anti-fraud internal controls within an organization.

A.False

B.True

Question 34

White, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. She did not find fraud, but. in White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud. Under the ACFE Code of Professional Ethics. White may include her opinion on the controls in her report to management

A.False

B.True

Question 35

Which of the following statements regarding best practices that organizations can take to protect and support whistleblowers is MOST ACCURATE?

A.Organizations should implement a clear whistleblower policy that lists out every type of misconduct that has ever been reported at the company.

B.Organizations should publicize their whistleblower procedures internally but should avoid communicating any procedural information to parties outside of the organization.

C.Organizations should establish formal consequences that are to be imposed upon employees at the company who retaliate against a whistleblower.

D.Organizations should emphasize that rules regarding whistleblower protections are only intended for lower level employees who might be more vulnerable to retaliation.

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Question 31

Question 32

Question 33

Question 34

Question 35

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