Free CFE - Fraud Prevention Exam braindumps download (CFE - Fraud Prevention exam dumps Free)

Which of the following statements is FALSE regarding an organization's fraud risk management program?

The program must include mechanisms to monitor and identify breaches in compliance.
The responsibility of handling suspected incidents of noncompliance should be delegated to someone outside of the company.
Formal sanctions for intentional noncompliance should be well-publicized throughout the company
There should be measures in place to address failures in the design or operation of anti-fraud controls, as well as fraud occurrences

Answer(s): B

Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud Triangle

Answer(s): A

Maria conducted a fraud examination that led to a valid confession of guilt from Rit

In Maria's verbal report to her superiors, she stated that, in her opinion. "Rita is guilty of embezzlement." Maria has just violated the ACFE Code of Professional Ethics.
True
False

Answer(s): A

Which of the following statements is FALSE?

Controls are not effective in preventing theft and fraud If those at risk do not know of their presence
Most experts agree that it is harder to detect frauds than to prevent them
Educating employees about company hotlines and reporting programs increases their perception of detection
Conducting covert audits is among the most effective fraud prevention methods

Answer(s): A