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

An employee submits reimbursement requests for personal expenses disguised as business expenses. This scheme is BEST classified as:

• A.Expense reimbursement fraud
• B.Corruption
• C.Billing fraud
• D.Financial statement fraud

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

• A.Discipline any employees who publicly express their frustration regarding organizational policies.
• B.Require senior leaders to follow the same ethics policies that are in place for all staff-level employees.
• C.Discourage employees from questioning their immediate supervisor's actions or decisions if they have concerns.
• D.Use a checklist of initiatives to ensure that all the elements of a strong corporate culture are in place.

An organization conducts ethics training only during new-hire orientation and never again. Which statement is MOST accurate?

• A.Training is unnecessary if a hotline exists
• B.Ethics training increases fraud risk
• C.Ongoing ethics communication and reinforcement are more effective
• D.One-time training is generally sufficient

Professional auditing standards suggest that auditors incorporate an "element of predictability" in the selection of auditing procedures to be performed so that they ensure the same areas are tested in the same manner during each audit.

• A.False
• B.True

Ian is drafting a report containing the results of his company's fraud risk assessment process. To be MOST EFFECTIVE, Ian's report should:

• A.Focus on the findings that will make the most impact on the company's fraud risk management efforts.
• B.Reflect the assessment team's subjective perspective regarding the risks identified.
• C.Contain a detailed, comprehensive list of every assessment finding.
• D.Include a complete list of recommended actions for management to take to address all identified risks.