Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-11-07.q135 Practice Test (Page 12)

Question 51

According to the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control-Integrated Framework (the Framework), there are five interrelated components of a company's internal control. Which of the following is NOT among these five components?

A.Risk assessment

B.Control activities

C.Ethical culture

D.Monitoring

Question 52

Which of the following Is NOT considered a conflict of Interest that Is prohibited under the ACFE Code of Professional Ethics?

A.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

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

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

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

Question 53

Benjamin, a Certified Fraud Examiner (CFE). was contacted regarding an engagement to investigate a complex money laundering case spanning numerous international jurisdictions and involving multiple cutting-edge technologies. Benjamin had previously attended a seminar on investigating money laundering schemes, but he had no other training or experience in such cases. However, he accepted the engagement and chose to conduct the work himself. Benjamin's conduct would likely be a violation of the ACFE Code of Professional Ethics.

A.True

B.False

Question 54

Effectively documenting and communicating organizational hierarchies, including the proper flow of information, can be a helpful tool in preventing fraud

A.True

B.False

Question 55

Which of the following would MOST LIKELY be a violation of the ACFE Code of Professional Ethics?

A.Rodrigo. a CFE. uncovered several material Internal control deficiencies unrelated to the Kickback scheme he was Investigating. In his final report to management. Rodrigo included information about the deficiencies even though they were unrelated to the situation he was hired to investigate.

B.Vivian, a CFE, accepted an assignment to conduct a fraud examination within a manufacturing company. Because she was in a hurry to complete the investigation, she overlooked key items of evidence and ended up failing to uncover a major fraud scheme.

C.Tom, a CFE, was hired by a client to conduct a fraud examination but found nothing amiss. A year later, he received a court order to provide the client's file to the ordering court. Tom complied with the court order, even though he did not have the client's authorization to do so.

D.All of the above are violations.

Other Version: 1649ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-05-22.q80; 1781ACFE.CFE-Fraud-Prevention-and-Deterrence.v2022-02-24.q34

Latest Upload: 227Snowflake.DEA-C01.v2026-09-04.q215; 163HP.HPE0-V27.v2026-09-04.q127; 187NAHQ.CPHQ.v2026-09-03.q481; 118SAP.C-S4CPB-2602.v2026-09-02.q7; 116Cisco.700-805.v2026-09-02.q86; 163MSSC.CLT-4.0.v2026-09-02.q43; 131Fitness.NCSF-CPT.v2026-09-02.q18; 196Google.Generative-AI-Leader.v2026-09-02.q77; 140PECB.ISO-14001-Lead-Auditor.v2026-09-01.q39; 129Google.GCP-DE.v2026-09-01.q27

Question 51

Question 52

Question 53

Question 54

Question 55

Download PDF File