Free ACFE CFE-Fraud-Prevention-and-Deterrence Exam Dumps Questions & Answers

According to social control theory, which of the following questions are people MOST LIKELY to ask themselves when considering the possibility of violating the law?

• A." What will my parents think if they find out? "
• B." How can I prevent someone from learning what I did? "
• C." How likely am I to be punished for this crime? "
• D." Will I lose my job if my actions are discovered? "

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

• A.Corporate compliance
• B.Internal control
• C.Fraud risk management
• D.Risk assessment

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:

• A.Use a checklist of initiatives to make sure all the elements of a strong tone at the top are in place
• B.Create an environment in which employees feel safe challenging management ' s decisions
• C.All of the above
• D.implement two separate sets of ethics policies, one for management and one for employees

Which of the following is TRUE regarding the components of the Committee of Sponsoring Organizations of the Treadway Commission ' s (COSO) Internal Control-Integrated Framework (the Framework)?

• A.Determining the effectiveness of an organization ' s internal control system involves assessing whether the identified components meet minimum legal and compliance requirements.
• B.Independent oversight is one of the primary components of internal control identified in the Framework.
• C.The Framework identifies ten components of internal control that must all be in place for the internal control system to be effective.
• D.Determining the effectiveness of an organization ' s internal control system involves assessing whether all of the identified components are in place and functioning effectively.

Which of the following statements regarding best practices that organizations can take to protect and support whistleblowers is MOST ACCURATE?

• A.Organizations should implement a clear whistleblower policy that lists out every type of misconduct that has ever been reported at the company.
• B.Organizations should emphasize that rules regarding whistleblower protections are only intended for lower level employees who might be more vulnerable to retaliation.
• C.Organizations should establish formal consequences that are to be imposed upon employees at the company who retaliate against a whistleblower.
• D.Organizations should publicize their whistleblower procedures internally but should avoid communicating any procedural information to parties outside of the organization.