ACFE CFE-Fraud-Prevention-and-Deterrence Quiz 3 Topic 1 Questions 11-15

Question: 1

Open-door management policies are a fraud prevention mechanism that addresses which leg of the Fraud Triangle?

AOpportunity

BWillingness

CLack of integrity

DPressure

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Question: 2

Independent auditors play a critical role in enhancing the reliability of financial information by financial position and performance in compliance with accepted accounting standards.

ATrue

BFalse

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Question: 3

According to Diane Vaughan. which of the following factors increases an organization s inherent inclination toward committing crime?

AManagement links employee performance goals with company performance goals

BRewards are given to employees who challenge the status quo

CManagement seeks out diversity in attitudes and perspectives when hiring employees

DAll of the above

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Question: 4

The International Organization of Securities Commissions' (IOSCO) Principles for Auditor Oversight states that auditor oversight should involve a regular review process designed to ascertain whether audit firms adhere to quality control policies and procedures.

ATrue

BFalse

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Question: 5

The Institute of Internal Auditors' (IIA) International Standards for the Professional Practice of Internal Auditing states that

AThe internal auditor must apply the skill and care of an expert whose primary responsibility is investigating fraud

BThe internal auditor must apply the skill and care of an expert whose primary responsibility is detecting fraud.

CThe internal auditor must apply the skill and care of an unbiased, infallible audit professional.

DThe internal auditor must apply the skill and care of a reasonably prudent and competent internal auditor

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ACFE CFE-Fraud-Prevention-and-Deterrence Quiz:3 Topic:1 Questions:11-15