Free Access ACFE.CFE-Fraud-Prevention.v2026-06-05.q99 Practice Test (Page 6)

Question 21

Sycamore Inc. has a simple organizational structure with few specialized departments. The structure of Sycamore Inc. increases the likelihood that fraud will go undetected within the organization.

A.True

B.False

Question 22

During a fraud risk assessment, a focus group would be MOST HELPFUL in which of the following situations?

A.The assessment team would like to get candid one-on-one feedback from employees in a private setting.

B.The assessment team would like to obtain individuals' responses through a formal electronic questionnaire.

C.The assessment team would like to provide a means for anonymous employee suggestions or responses to questions posed.

D.The assessment team would like to observe the interactions of several employees discussing the organization's current fraud awareness training.

Question 23

Terrel, a Certified Fraud Examiner (CFE), unknowingly violates the law one night. Which of the following statements about the ACFE Code of Professional Ethics is TRUE?

A.This conduct would not be a violation of the ACFE Code of Professional Ethics under any circumstances.

B.This conduct would be a violation of the ACFE Code of Professional Ethics only if Terrel knew the conduct was illegal.

C.This conduct would be a violation of the ACFE Code of Professional Ethics only if Terrel is arrested.

D.This conduct would be a violation of the ACFE Code of Professional Ethics.

Question 24

An organization discovers that a purchasing manager approved contracts for a vendor secretly owned by a close friend. The manager did not receive any payments. Which fraud risk is MOST relevant?

A.Financial statement fraud

B.Conflict of interest

C.Payroll fraud

D.Cash larceny

Question 25

Which of the following statements regarding best practices that organizations can take to protect and support whistleblowers is MOST ACCURATE?

A.Organizations should emphasize that rules regarding whistleblower protections are only intended for lower level employees who might be more vulnerable to retaliation.

B.Organizations should implement a clear whistleblower policy that lists out every type of misconduct that has ever been reported at the company.

C.Organizations should publicize their whistleblower procedures internally but should avoid communicating any procedural information to parties outside of the organization.

D.Organizations should establish formal consequences that are to be imposed upon employees at the company who retaliate against a whistleblower.

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Question 21

Question 22

Question 23

Question 24

Question 25

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