QUESTION: 5

Which of the following is TRUE regarding the communication of the fraud risk assessment process?

The more personalized the communication, the more effective it will be in encouraging employees to participate
The communication should be made in a format mat is most appropriate for the culture of the organization
The communication should be visibly disseminated throughout the business
All of the above

Answer(s): D

Gray, an independent Certified Fraud Examiner (CFE), was hired by Green, president of the ABC Corporation, to investigate allegations that one of ABC's employees is taking kickbacks. During the investigation. Gray teams that Green is involved in an unrelated fraud. Under the ACFE Code of Professional Ethics. Gray should:

Not disclose the information about Green.
Report Green to law enforcement
Tell the company's board of directors about Green.
Resign from the engagement

Answer(s): C

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QUESTION: 7

Which of the following is TRUE regarding proactive fraud auditing procedures?

Analytical review of the financial statements is best used to uncover small frauds that might be missed by other detection methods.
Fraud assessment Questioning techniques are most appropriately used when attempting to determine who might be responsible for a particular fraud scheme.
Implementing proactive fraud audit procedures demonstrates the organization's intention to aggressively look for possible fraudulent conduct.
Surprise audit procedures are an effective fraud detection mechanism, but they do not help prevent fraud

Answer(s): D

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QUESTION: 8

The theory of differential association is used frequently lo explain white-collar criminality.
Which of the following is NOT one of the assertions or principles of differential association?

Criminal behavior is explained by an individual's general needs and values.
Criminal behavior is acquired through participation with intimate personal groups.
Criminal behavior is learned from other people in a process of communication.
Criminal behavior is learned using the same mechanisms as other learning

Answer(s): A

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QUESTION: 5

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QUESTION: 8