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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Fraud Prevention and Deterrence25%- Ethics and corporate governance
- Anti-fraud policies and procedures
- Internal control systems and evaluation
- Monitoring, auditing, and continuous improvement
- Fraud deterrence strategies and controls
- Fraud risk governance and organizational culture
- Whistleblowing and reporting mechanisms
- Fraud risk assessment
- Fraud prevention programs and frameworks

ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:

Question 1

Which of the following scenarios is LEAST LIKELY to be considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics?

A. Lori accepts an assignment to infiltrate her employer and transmit inside information to a competitor.
B. DeVon undertakes engagements for both sides in a case of an alleged fraudulent warranty scheme.
C. Karen accepts an assignment to search for fraud indicators at an organization in which she is an undisclosed partner.
D. Ren undertakes an external engagement that requires him to work outside the normal work hours of his primary employer.


Question 2

Devon, an employee at Tilly Corp., repeatedly demonstrates a negative attitude when working with other departments. To address this behavior, Devon's manager tells him that he is no longer allowed to lead cross-departmental projects. This is an example of what type of behavioral response?

A. Punishment
B. Negative reinforcement
C. None of the above
D. Positive reinforcement


Question 3

Which of the following scenarios is the MOST ACCURATE representation of organizational crime?

A. An accountant uses company funds to pay personal credit card charges.
B. A retail clerk colluding with a friend to commit a scheme involving fraudulent returns.
C. An agreement between all the local floral companies to unnecessarily raise prices.
D. An inventory manager taking home the company's product to sell privately.


Question 4

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

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


Question 5

Gregory, an internal auditor, and Brandon, the company's purchasing manager, have had several heated disagreements over purchasing procedures and policies. Gregory has just been told that he will be the lead on the company's fraud risk assessment. During the fraud risk assessment.
Gregory should:

A. Confront Brandon about the disagreements and discuss how they increase the organization's risk of fraud-
B. Include his disagreements with Brandon as a factor when assessing the risk of fraud in the purchasing function.
C. Automatically designate the purchasing function as a high-risk area.
D. Have someone else perform the fraud risk assessment work related to the purchasing function


Solutions:

Question 1
Answer: D
Question 2
Answer: A
Question 3
Answer: C
Question 4
Answer: D
Question 5
Answer: B

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