View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 381. What should a fraud governance policy define first Employee vacation schedules Customer payment terms Roles and accountability for fraud risk Product marketing targets Correct Answer: 3. Roles and accountability for fraud risk Explanation: A fraud governance policy should clearly establish […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 361. What is the purpose of creating a fraud risk inventory Set employee salaries Replace internal audit Organize identified fraud exposures for assessment Eliminate all controls Correct Answer: 3. Organize identified fraud exposures for assessment Explanation: A fraud risk inventory organizes […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 341. Who should own an operational fraud risk External auditor Management with authority over the process Customer Regulator Correct Answer: 2. Management with authority over the process Explanation: Operational fraud risks should normally be owned by management personnel who have enough […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 321. What does rational choice theory suggest about fraud Fraud is always accidental Offenders may weigh expected benefits against risks Fraud occurs only in large companies Controls never affect behavior Correct Answer: 2. Offenders may weigh expected benefits against risks Explanation: […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 301. Why should fraud risk ratings be documented To remove management responsibility To replace internal controls To explain the basis for risk decisions To guarantee the rating never changes Correct Answer: 3. To explain the basis for risk decisions Explanation: Documenting […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 281. What does rational choice theory suggest about misconduct Fraud is always accidental Fraud depends only on personality Controls have no effect on behavior Offenders may weigh perceived benefits against costs Correct Answer: 4. Offenders may weigh perceived benefits against costs […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 261. What should a fraud risk governance policy define Employee salaries Roles authority and accountability for fraud risk Customer pricing Audit software brands Correct Answer: 2. Roles authority and accountability for fraud risk Explanation: A fraud risk governance policy should establish […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 241. What does rational choice theory generally assume Fraud occurs only because of poverty Offenders never consider consequences Fraud is always accidental People may weigh expected benefits against risks Correct Answer: 4. People may weigh expected benefits against risks Explanation: Rational […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 221. What is the purpose of identifying fraud risk causes Set employee salaries Design responses that address underlying exposure Replace governance oversight Eliminate all investigations Correct Answer: 2. Design responses that address underlying exposure Explanation: Understanding the cause of a fraud […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 201. What does management remain responsible for even when controls are outsourced External audit independence Effective internal control Government regulation Customer investigations Correct Answer: 2. Effective internal control Explanation: Management remains responsible for establishing and maintaining effective internal controls even when […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 181. What is the main purpose of fraud risk governance Set employee salaries Replace internal audit Eliminate all business risk Establish oversight for fraud risk management Correct Answer: 4. Establish oversight for fraud risk management Explanation: Fraud risk governance establishes who […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 161. What is the main purpose of a fraud risk appetite statement Set audit fees Eliminate every fraud risk Define employee compensation Clarify the level of fraud risk the organization will tolerate Correct Answer: 4. Clarify the level of fraud risk […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 141. What should a fraud risk assessment consider about management override It eliminates the need for controls Senior authority can bypass normal controls It affects only external auditors It occurs only in small organizations Correct Answer: 2. Senior authority can bypass […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 121. What does differential association theory suggest about criminal behavior Crime results only from poverty Crime is inherited biologically Criminal behavior can be learned through social interaction Crime occurs only without controls Correct Answer: 3. Criminal behavior can be learned through […]

View Full ACFE CFE – Fraud Prevention Exam Dumps and Practice Test Dumps. Question 101. Who should participate in a fraud risk assessment Only external auditors Only senior executives Only legal counsel Relevant personnel from multiple functions Correct Answer: 4. Relevant personnel from multiple functions Explanation: A fraud risk assessment is stronger when it includes […]