Free Access ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-11-07.q135 Practice Test (Page 8)

Question 31

According to Silk and Vogel's research, which of the following is one of the ways that businesses rationalize illegal conduct?

A.Government regulations are justified because the additional costs of regulations and bureaucratic procedures increase government profits.

B.Violations are caused by innocent errors in judgment rather than economic necessity.

C.Government regulation is unnecessary because the matters being regulated are unimportant.

D.Corporate violations that involve large sums of money are often spread among so many organizations that each gains very little individually.

Question 32

Which of the following is an example of organizational crime?

A.A sales manager using a corporate credit card for personal expenses

B.Management of several pharmaceutical companies engaging in a price fixing scheme

C.An insurance claims agent conspiring with customers to file false insurance claims and share the proceeds

D.An HR employee adding a ghost employee to the payroll and misappropriating the paychecks

Question 33

Which of the following scenarios is LEAST LIKELY to be considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics?

A.Lori accepts an assignment to infiltrate her employer and transmit inside information to a competitor.

B.Karen accepts an assignment to search for fraud indicators at an organization in which she is an undisclosed partner.

C.DeVon undertakes engagements for both sides in a case of an alleged fraudulent warranty scheme.

D.Ren undertakes an external engagement that requires him to work outside the normal work hours of his primary employer.

Question 34

Which of the following Is TRUE regarding an organization's ethics program?

A.To be most effective, access to the organization's ethics policy should be restricted to employees and other Internal parties only

B.In designing the ethics program, management should consider whether the organization currently has any ethical leadership Issues

C.An effective written ethics policy alone is sufficient to communicate management's ethical philosophy and serve as a comprehensive ethics program

D.All of the above

Question 35

Which of the following is TRUE regarding the internal audit function's reporting responsibilities pertaining to fraud?

A.The internal audit function should discuss how and when to report fraud-related issues with senior management and the board of directors before such issues arise.

B.The internal audit function is permitted, but not required, to periodically report about the organization's fraud risks to senior management and the board of directors.

C.The internal audit function should not disclose the results of its fraud audits to senior management or the board of directors in order to maintain independence.

D.The internal audit function is not permitted to communicate with the board of directors about fraud, as that is the responsibility of external auditors.

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Question 31

Question 32

Question 33

Question 34

Question 35

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