Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-11-07.q135 Practice Test (Page 21)

Question 96

The objective of anti-fraud controls is to:

A.Reduce the residual fraud risk to a level that is significantly smaller than the inherent fraud risk

B.Completely eliminate inherent fraud risk.

C.Completely eliminate residual fraud risk

D.Reduce the inherent fraud risk to a level that is significantly smaller than the residual fraud risk.

Question 97

During a fraud risk assessment, the assessment team is seeking information on the ethical tone set by upper and middle managers. The team members determine that, for this task, they would like to get candid one-on-one feedback from employees away from their peers. Which of the following techniques would be most helpful for them to use in gathering this information?

A.Anonymous feedback mechanisms

B.Interviews

C.Focus groups

D.Surveys

Question 98

In the area of criminological theory, compliance is the theory that tries to prevent crime by providing economic incentives for voluntary conformity to the laws and using administrative efforts to control violations before they occur.

A.True

B.False

Question 99

Which of the following is TRUE regarding a background check policy for employees?

A.If a background check was conducted on an employee at the time of hire, then there is no need for management to conduct additional background checks on that employee during their employment.

B.As part of the screening process, management should contact the personal and professional references provided by the job candidate only if they are unsure whether the candidate is being honest.

C.When verifying past employment, management should only ask previous employers to verify the candidate's previous position and dates of employment.

D.Management should perform a background check on any candidate who will have access to cash, checks, credit card numbers, or other items that are easily stolen.

Question 100

Which of the following Is FALSE regarding proactive fraud auditing procedures?

A.Fraud audit procedures should be designed to incorporate an element of surprise

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

C.Fraud assessment questioning techniques are most appropriately used as part of the normal audit process

D.Implementing proactive fraud audit procedures demonstrates management's intention to aggressively look for possible fraudulent conduct

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Question 96

Question 97

Question 98

Question 99

Question 100

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