ACFE CFE-Fraud-Prevention-and-Deterrence Quiz 7 Topic 1 Questions 31-35

Question: 1

As part of her audit of ABC Corp . Rachel, a CP

Ais identifying the risks of material misstatement due to fraud As part of this task, she should evaluate any unexpected relationships that she identified in performing analytical procedures.

ATrue

BFalse

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Question: 2

According to the 2018 Report to the Nations.___________schemes are the most common form of occupational fraud, while_________schemes are the costliest form of

occupational fraud

AFinancial statement fraud, corruption

BAsset misappropriation; financial statement fraud

CAsset misappropriation; corruption

DCorruption; asset misappropriation

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Question: 3

Consistently punishing perpetrators can be an effective fraud prevention mechanism.

ATrue

BFalse

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Question: 4

Which of the following is FALSE regarding G20/OECD Principles of Corporate Governance (the Principles)?

AThe Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders

BThe Principles state that an entity's corporate governance framework should encourage active cooperation between corporationfiand stakeholders in creating wealth.

CThe Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them

DThe Principles are intended to be applicable in both developed economies and emerging markets

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Question: 5

The generation and use of relevant, quality information to support the functioning of internal control is a principle related to which component of the Committee of Sponsoring Organizations of the Treadway Commissions (COSO) Internal Control---Integrated Framework (the Framework)?

ARisk assessment

BControl environment

CMonitoring

DInformation and communication

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ACFE CFE-Fraud-Prevention-and-Deterrence Quiz:7 Topic:1 Questions:31-35