Free Access ACFE.CFE-Fraud-Prevention.v2026-06-05.q99 Practice Test (Page 4)

Question 11

Which of the following is TRUE regarding the G20/OECD Principles of Corporate Governance?

A.They assert that a corporate governance framework should ensure the equitable treatment of all the organization's shareholders.

B.They are intended to be applicable in developed economies but not in emerging markets.

C.They are required to be implemented by all corporations in the jurisdictions that have officially adopted them.

D.They state that a corporate governance framework should require disclosure of all financial information to the organization's investors.

Question 12

A company's anti-fraud controls are well designed, but management rarely enforces them and routinely ignores policy violations. Which statement is MOST accurate?

A.Fraud risk remains low because the controls exist

B.Fraud risk increases because control enforcement is weak

C.Fraud risk depends only on employee ethics

D.The controls automatically compensate for management behavior

Question 13

In the area of criminological theory, deterrence is the theory that tries to prevenl crime by using the threat of criminal sanctions.

A.True

B.False

Question 14

A manager intentionally overrides purchasing controls to expedite a legitimate emergency purchase. Which statement is MOST accurate?

A.Management override always constitutes fraud

B.Management override can create risk even when the underlying purpose is legitimate

C.Emergency situations eliminate control concerns

D.Override automatically strengthens controls

Question 15

Maria conducted a fraud examination that led to a valid confession of guilt from Rita. In Maria's verbal report to her superiors, she stated that, in her opinion. "Rita is guilty of embezzlement." Maria has just violated the ACFE Code of Professional Ethics.