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

The objectives of a fraud risk management program include:

• A.All of the above
• B.Punishing fraud perpetrators
• C.Proactively identifying fraud risks
• D.Limiting the damage caused by fraud occurrences

ABC. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that ABC is subject to?

• A.ABC is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.
• B.ABC is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions
• C.ABC is required to comply with G20/OECD Principles of Corporate Governance
• D.ABC must comply with specific listing standards for the stock exchange(s) on which it is listed

Which of the following is NOT explicitly prohibited by the ACFE Code of Professional Ethics?

• A.Acting in a way that could be deemed unethical by the industry
• B.Participating in an activity where there is an undisclosed conflict of interest
• C.Drawing conclusions based upon evidence
• D.Engaging in behavior that is against the law

To reinforce an anti-fraud culture, it is BEST for an organization ' s management to:

• A.Discipline any employees who question their direct supervisor's behavior or policies.
• B.Use a checklist of initiatives to ensure that all the elements of a strong corporate culture are in place.
• C.Discourage employees from voicing concerns regarding senior leadership ' s actions or decisions.
• D.Demonstrate the same ethical behavior required of individuals at lower levels of the company.

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

• A.Organizations should implement a clear whistleblower policy that lists 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 publicize their whistleblower policies and procedures to individuals both inside and outside of the organization.
• D.Organizations should include in their whistleblower policies the specific penalties that people might encounter for refusing to report known misconduct.