CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. ACFE
  5. CFE - Fraud Prevention

Free CFE - Fraud Prevention Exam Braindumps (page: 19)

Page 19 of 36
PDF with 141 Questions

The objective of anti-fraud controls is to:

  1. Completely eliminate inherent fraud risk.
  2. Reduce the inherent fraud risk to a level that is significantly smaller than the residual fraud risk.
  3. Completely eliminate residual fraud risk
  4. Reduce the residual fraud risk to a level that is significantly smaller than the inherent fraud risk

Answer(s): D



Which of the following is FALSE regarding the fraud risk assessment learn?

  1. The team members should have experience in gathering and eliciting information
  2. The team members might include both internal and external sources.
  3. The team size should be limited to a maximum of three individuals
  4. The team should consist of individuals with diverse knowledge, skills, and perspectives

Answer(s): C



Glenda. an internal auditor, and Brldgette. an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies. Glenda has just been told that she will be the lead on the company's fraud risk assessment. During the fraud risk assessment. Glenda should:

  1. Confront Bridgette about the disagreements and discuss how they increase the department's risk of fraud.
  2. Include her disagreements with Bridgette as a factor when assessing the risk of fraud in the accounts receivable department.
  3. Automatically designate the accounts receivable department as a high-risk area.
  4. Have someone else perform the fraud risk assessment work related to the accounts receivable department's activities.

Answer(s): B



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:

  1. Use a checklist of initiatives to make sure all the elements of a strong tone at the lop are in place
  2. Create an environment in which employees are dissuaded from challenging management's decisions
  3. Visibly adhere to the same set of ethics policies that is required of all employees
  4. All of the above

Answer(s): C



Page 19 of 36



Post your Comments and Discuss ACFE CFE - Fraud Prevention exam with other Community members:

Renjith Raj commented on December 31, 2024
very good questions
Anonymous
upvote

yemane commented on December 06, 2024
Good for exam preparation
Anonymous
upvote