ACFE CFE-Fraud-Prevention-and-Deterrence Quiz 4 Topic 4 Questions 16-20

Question: 1

Which of the following is NOT considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics? )

AUndertaking an engagement that decreases the fraud examiner's ability to perform their duties for their full-time employer

BAccepting an assignment to assess red flags of fraud at an organization in which the fraud examiner is a partner, provided the fraud examiner's ownership interest is disclosed

CUndertaking engagements for both sides in a case of an alleged product substitution scheme

DAccepting an assignment to secretly infiltrate the fraud examiner s employing organization and transmit inside information to another party

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Question: 2

The internal auditor s fraud-related responsibilities include which of the following?

AEvaluating whether management is actively retaining responsibility for oversight of the fraud risk management program

BAttesting that the organization s financial statements are free of material misstatements caused by fraud

CReporting to regulators regarding the entity's vulnerability to fraud

DOverseeing managements actions to manage fraud risks

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Question: 3

Management at ABC Corp. is assessing the company s ethical tone and how it affects the organization s fraud risk. To most effectively reinforce an anti-fraud culture, management should

ACreate an environment in which employees feel safe challenging managements decisions

BUse a checklist of initiatives to make sure all the elements of a strong tone at the top are in place

CImplement two separate sets of ethics policies one for management and one for employees

DAll of the above

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Question: 4

Which of the following is FALSE regarding a background check policy for employees'7

AWhere permitted by law. management should run a background check on any existing employee who is being promoted to a position that includes access to sensitive or valuable company resources, even if a background check was run on the individual at the time of hire

BWhen verifying past employment, management should only ask previous employers to verify the dates the candidate was employed.

CAs part of the screening process, management should contact the references provided by the job candidate

DAt a minimum, management should conduct a background check on any candidate who will have constant access to cash, checks, and credit card numbers, or other easily stolen items.

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Question: 5

Julia is conducting a formal assessment of XYZ Corporation s ethical culture To which of the five components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control---Integrated Framework (the Framework) does her assessment pertain?

AControl environment

BMonitoring

CControl activities

DInformation and communication

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ACFE CFE-Fraud-Prevention-and-Deterrence Quiz:4 Topic:4 Questions:16-20