Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-11-07.q135 Practice Test (Page 3)

Question 6

Employee anti-fraud education should:

A.Include descriptions of the procedures that management uses to detect fraud.

B.Include examples of prior employee misconduct and how those situations were handled.

C.Be restricted to formal educational mechanisms to reinforce the importance of the message.

D.Be presented by organizational executives or anti-fraud professionals only.

Question 7

Which of the following is NOT one of the three general approaches used to control corporate crime?

A.Withdrawal of financial institution funding

B.Strong intervention of the government

C.Consumer action to force change

D.Voluntary changes in corporate attitudes and structure

Question 8

Luis, the internal audit manager for Oak Corporation, is working to formally incorporate the company's fraud risk assessment into its audit process. Which of the following is NOT a way that Oak's audit team should use the fraud risk assessment process and results as part of their audits?

A.To inform the development of audit programs for areas that have been identified as having a high risk of fraud.

B.To design audit tests to evaluate whether fraud risk controls are operating effectively.

C.To confirm whether there is conclusive evidence that fraud is occurring within the company.

D.To validate whether the organization is appropriately managing moderate-to-high fraud risks.

Question 9

According to The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing, which of the following should the internal audit team evaluate in its assessment of the risk management process?

A.The management team's assessment of the internal controls over financial reporting

B.The organization s fraud risk management initiatives

C.The materiality of the organization s financial statements

D.The organization s risk exposures relating to the sale of assets

Question 10

Which of the following statements regarding recommended vendor due diligence procedures is MOST ACCURATE?

A.An organization should avoid revealing that it is seeking information about potential vendors prior to starting its relationship with them.

B.An organization should perform audits of potential vendors before agreeing to conduct business with them.

C.An organization should request that new vendors complete a questionnaire about their background immediately after signing a contract with them.

D.An organization should ensure that vendors have their own ethics and compliance program before engaging in any transactions with them.

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