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Free CFE - Fraud Prevention Exam Braindumps (page: 8)

Page 7 of 36
PDF with 141 Questions

XYZ. Inc. is a publicly traded, multi-national corporation.
Which of the following statements is TRUE regarding the corporate governance requirements that XYZ is subject to?

  1. XYZ must comply with the various laws and regulations in the countries in which it operates
  2. XYZ is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.
  3. XYZ is required to comply with G20'OECD Principles of Corporate Governance.
  4. XYZ is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions

Answer(s): A



The internal auditor's fraud-related responsibilities include which of the following?

  1. Obtaining reasonable assurance that the organization's financial statements are free of material misstatements caused by fraud
  2. Overseeing management's actions to manage fraud risks
  3. Evaluating indicators of fraud and deciding whether any further action is necessary or whether an investigation should be recommended
  4. Establishing and maintaining effective anti-fraud controls at a reasonable cost

Answer(s): B



According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.

  1. High personal debt; lack of separation of duties
  2. Revenge: too much trust in key employees
  3. Living beyond their means, too much trust in key employees
  4. Desire for recognition, lack of separation of duties

Answer(s): C



Which of the following is FALSE regarding a background check policy for employees?

  1. When verifying past employment, management should only ask previous employers to verify the dates the candidate was employed.
  2. At a minimum, management should conduct a background check on any candidate who will have constant access to cash, checks, and credit card numbers, or other easily stolen items.
  3. Where permitted by law, management should run a background check on any existing employee who is being promoted to a position that includes access to sensitive or valuable company resources, even if a background check was run on the individual at the time of hire
  4. As part of the screening process, management should contact the references provided by the job candidate.

Answer(s): A






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