ACFE CFE-Fraud-Prevention-and-Deterrence Quiz 13 Topic 3 Questions 61-65

Question: 1

In a company with all of the following parties, who should have primary responsibility for the oversight of the organization s compliance program?

AThe board of directors

BGeneral counsel

CInternal audit

DThe chief ethics officer

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Question: 2

The findings of the 2018 Report to the Nations include all of the following EXCEPT:

AMore occupational frauds are committed by women than by men.

BThe majority of employees who commit occupational fraud are first-lime offenders.

CThe median losses caused by executives are higher than those caused by staff-level employees

DThe most commonly reported red flag displayed by fraud perpetrators prior to the detection of their crime is living beyond their means

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Question: 3

Blue, a Certified Fraud Examiner (CFE). had an ethical dilemma regarding the contract governing one of his professional engagements. Which of the following sources of guidance would be considered the lowest level of reference to help Blue in determining the most ethical course of action?

AContract law

BThe handling of similar situations by individuals he respects

CMoral philosophical principles

DThe ACFE Code of Professional Ethics

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Question: 4

Effective risk management involves balancing which of the following?

AThe organization s internal controls and its financial goals

BThe organization s financial reporting model and its risk tolerance

CThe organization s regulatory requirements and its available resources

DThe organization s risk appetite and its ability to meet its objectives

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Question: 5

Which of the following is FALSE regarding the fraud risk assessment team?

AThe team members should have experience in gathering and eliciting information

BThe team size should be limited to a maximum of three individuals.

CThe team members might include both internal and external sources

DThe team should consist of individuals with diverse knowledge, skills, and perspectives.

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ACFE CFE-Fraud-Prevention-and-Deterrence Quiz:13 Topic:3 Questions:61-65