ACFE CFE-Fraud-Prevention-and-Deterrence Free Sample Exam Questions 2026

Here you can get the actual ACFE CFE-Fraud-Prevention-and-Deterrence exam questions and answers in PDF for free and for all questions premium file. These best Certified Fraud Examiner - Fraud Prevention and Deterrence Exam CFE-Fraud-Prevention-and-Deterrence PDF questions are for every ACFE users. Real CFE-Fraud-Prevention-and-Deterrence exam dumps that will assist you to crack the %certification% certification exam in the PDF format. For Advance preparation premium PDF files available for perfect exam preparation on reilable price option.

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Page: 1 / 29
Total Questions: 141

Questions & Answers PDF

• Question 1

  

  According to the Committee of Sponsoring Organizations of the Treadway Commission (COSO).________Is 'a process.effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.'

  • Operational risk assessment
  • Internal control
  • Fraud risk management
  • Financial reporting

  Reveal Answer Answer: B Next Question

• Question 2

  

  Employees should be kept unaware that management is watching for lifestyle and behavior changes In staff members that might indicate fraud.

  • True
  • False

  Reveal Answer Answer: A Next Question

• Question 3

  

  The theory of differential association is used frequently lo explain white-collar criminality. Which of the following is NOT one of the assertions or principles of differential association?

  • Criminal behavior is explained by an individual's general needs and values.
  • Criminal behavior is acquired through participation with intimate personal groups.
  • Criminal behavior is learned from other people in a process of communication.
  • Criminal behavior is learned using the same mechanisms as other learning

  Reveal Answer Answer: A Next Question

• Question 4

  

  Which of the following Is TRUE regarding an organization's ethics program?

  • To be most effective, access to the organization's ethics policy should be restricted to employees and other Internal parties only
  • In designing the ethics program, management should consider whether the organization currently has any ethical leadership Issues
  • An effective written ethics policy alone is sufficient to communicate management's ethical philosophy and serve as a comprehensive ethics program
  • All of the above

  Reveal Answer Answer: B Next Question

• Question 5

  

  According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud,while_________schemes are the MOST COSTLY form of occupational fraud.

  • Asset misappropriation; corruption
  • Corruption, asset misappropriation
  • Financial statement fraud: corruption
  • Asset misappropriation: financial statement fraud

  Reveal Answer Answer: C Next Question

• Question 6

  

  Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?

  • Professional skepticism means beginning all assignments with the belief that something is amiss.
  • Professional skepticism involves maintaining a mindset that no fraud has occurred
  • Fraud examiners should form the engagement hypothesis without regard to the available preliminary information.
  • Fraud examiners should not relax their skeptical attitudes under any circumstances.

  Reveal Answer Answer: D Next Question

• Question 7

  

  Black, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. He did not find fraud, but. in Black's opinion, the controls he examined were deficient. Under the ACFE Code of Professional Ethics. Black is not permitted to express his opinion on the deficient controls.

  • True
  • False

  Reveal Answer Answer: B Next Question

• Question 8

  

  Which of the following statements is FALSE regarding an organization's fraud risk management program?

  • The program must include mechanisms to monitor and identify breaches in compliance.
  • The responsibility of handling suspected incidents of noncompliance should be delegated to someone outside of the company.
  • Formal sanctions for intentional noncompliance should be well-publicized throughout the company
  • There should be measures in place to address failures in the design or operation of anti-fraud controls, as well as fraud occurrences

  Reveal Answer Answer: B Next Question

• Question 9

  

  Who is ultimately responsible for responding appropriately to instances of fraud within an organization?

  • Internal auditors
  • The audit committee
  • General counsel
  • Management

  Reveal Answer Answer: D Next Question

• Question 10

  

  Black a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination He did not find fraud, but in Black's opinion the controls he examined were deficient Under the ACFE Code of Professional Ethics Black is not permitted to express his opinion on the deficient controls.

  • True
  • False

  Reveal Answer Answer: B Next Question

Page: 1 / 29
Total Questions: 141

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