Prepare For Realistic CFE-Fraud-Prevention-and-Deterrence Dumps PDF - 100% Passing Guarantee [Q49-Q63]

Rate this post

Prepare For Realistic CFE-Fraud-Prevention-and-Deterrence Dumps PDF – 100% Passing Guarantee

Check the Available CFE-Fraud-Prevention-and-Deterrence Exam Dumps with 140 Q’s

Q49. _____________Is the criminological theory that presents crime as a conscious decision that can be deterred by reducing opportunities for criminal activity and increasing the personal risk to an Individual of being caught and punished.

Differential association theory

Routine activities theory

Justification of action theory

Rational choice theory

Q50. Which of the following is FALSE regarding corporate governance’

Effective corporate governance practices are most necessary in an organization in which the owners are not also the individuals responsible for setting and executing the business strategy

Effective corporate governance practices are considered to be the foundation of fraud risk management.

Corporate governances primary purpose is to ensure the accuracy of the organizations financial reports

An entity’s corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization

Q51. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines_____________as
“a process, effected by an entity s board of directors management.
and other personnel designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.”

Fraud risk management

Corporate compliance

Internal control

Risk assessment

Q52. Smith, a retail sales manager, wants to decrease the level of cash register over-and-short discrepancies among his sales team. According to behaviorist theories, which of the following options would be the most effective way for Smith to encourage his team members to keep their cash drawers in balance?

Offer a bonus to anyone whose drawer reconciles perfectly for sixty days.

Take away an hour of paid time off for each time the drawer is over or short.

Publicly call out and criticize employees whose cash drawers are over or short

Demote employees who continue to have reconciliation discrepancies

Q53. According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:

The continued pressures of a culture that rewards affluence and success

The economy’s increased reliance on credit

The increased constraints of the regulatory environment for businesses

The increased opportunity for wrongdoing as a result of advancing information technologies

Q54. Professional auditing standards require that auditors incorporate an “element of unpredictability” in the selection of auditing procedures to be performed.

True

False

Q55. Criminologist Charles McCaghy has slated that profit pressure is the single most compelling factor behind deviance by organizations

True

False

Q56. Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud Triangle

Rationalization

Lack of integrity

Opportunity

Pressure

Q57. Which of the following is an example of organizational crime?

A salesman offering bribes to secure a contract

An accounting clerk forging company checks to herself

A doctor conspiring with patients to Tile false health care insurance claims

Management of several construction companies engaging In bid rigging

Q58. During an external audit of an organization’s financial statements. Elena, the external auditor, uncovers significant internal control deficiencies at the audit client’s organization. She believes these deficiencies could result in a material misstatement of the financial statements. Which of the following should Elena do with regard to these findings?

Elena should suspend the audit and begin a new audit focused on the internal controls

Elena should report the findings in writing to the appropriate law enforcement agencies.

Elena should provide a written communication about the findings to senior management.

Elena should work independently to correct the underlying internal control deficiency.

Q59. During the course of a fraud examination. Stefan, an employee of Acme Inc., approaches Marten, a Certified Fraud Examiner (CFE) and fellow employee of Acme, and tells him that he knows of a major fraud being committed by the chief financial officer (CFO). However. Stefan says he can only provide details if Marten promises him absolute confidentiality. How should Marten respond?

Agree that the information will be held in confidence, even though Marten knows it will not be

Take Stefan’s request straight to Acme Inc.’s management

Tell Stefan that he will try to keep the information as confidential as possible

Not agree to the request for confidentiality

Q60. Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?

A request that governments have in place an appropriate framework to support good corporate governance practices

Recognition of the importance of the role of stakeholders in corporate governance

Support for establishing stronger protection for foreign shareholders than for domestic shareholders

Guidance regarding appropriate board structures, responsibilities, and procedures

Q61. Gray, an independent Certified Fraud Examiner (CFE). was hired by Green president of the ABC Corporation, to investigate allegations that one oi ABC s employees is taking kickbacks. During the investigation. Gray learns that Green is involved in an unrelated fraud. Under the ACFE Code of Professional Ethics. Gray should:

Tell the company’s board of directors about Green

Report Green to law enforcement.

Resign from the engagement

Not disclose the information about Green.

Q62. The objective of anti-fraud controls is to:

Completely eliminate residual fraud risk

Reduce the residual fraud risk to a level that is significantly smaller than the inherent fraud risk

Reduce the inherent fraud risk to a level that is significantly smaller than the residual fraud risk.

Completely eliminate inherent fraud risk

Q63. Which of the following is FALSE regarding the discussion about the financial statements susceptibility to fraud that auditors are required to have under International Standard on Auditing (ISA) 240?

A The audit team should discuss how management could conceal fraud

The audit team should consider factors that provide the opportunity for fraud.

The audit team should focus solely on how the company’s assets could be misappropriated

The audit team should consider whether the organizational culture might enable the rationalization of fraud

Loading …

Download CFE-Fraud-Prevention-and-Deterrence Exam Dumps Questions to get 100% Success: https://www.real4dumps.com/CFE-Fraud-Prevention-and-Deterrence_examcollection.html

Prepare For Realistic CFE-Fraud-Prevention-and-Deterrence Dumps PDF – 100% Passing Guarantee [Q49-Q63]

Leave a Reply Cancel reply