Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-11-07.q135 Practice Test (Page 2)

Question 1

During the course of a fraud examination. While, an employee of the ABC Corp.. approaches Blue, a Certified Fraud Examiner (CFE), and tells Blue that she wishes to furnish information in confidence. Blue also is employed by the ABC Corp. Blue should:

A.Agree that the information will be held in confidence, even though Blue knows it will not be

B.Tell White that she will try to keep the information as confidential as possible

C.Take White's request straight to ABC Corp.'s management

D.Not agree to the request for confidentiality

Question 2

Which of the following is FALSE regarding an organization's anti-fraud policy?

A.A detailed anti-fraud policy can make it easier to investigate and punish employees who commit fraud and other dishonest acts.

B.In developing the anti-fraud policy, management should check with legal counsel regarding any legal considerations with respect to the policy.

C.To avoid legal problems in discharging employees, the anti-fraud policy should not include any specific examples of frau and misconduct.

D.One of the most important considerations in developing the anti-fraud policy is to ensure every allegation is handled in a uniform manner.

Question 3

Which of the following is TRUE regarding proactive fraud auditing procedures?

A.Analytical review of the financial statements is best used to uncover small frauds that might be missed by other detection methods.

B.Fraud assessment Questioning techniques are most appropriately used when attempting to determine who might be responsible for a particular fraud scheme.

C.Implementing proactive fraud audit procedures demonstrates the organization's intention to aggressively look for possible fraudulent conduct.

D.Surprise audit procedures are an effective fraud detection mechanism, but they do not help prevent fraud

Question 4

Julia, an internal auditor, is formalizing a process to evaluate the effectiveness of the company's control system over time, including both ongoing evaluations and periodic separate evaluations. Julia's initiative BEST pertains to which component of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control-Integrated Framework?

A.Control activities

B.Risk assessment

C.Monitoring

D.Control environment

Question 5

In response to an employee's failure to meet performance expectations, a manager demotes the employee to a junior-level position. This is an example of what type of behavioral response?

A.Positive reinforcement

B.Negative reinforcement

C.Punishment

D.None of the above

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