ACFE CFE-Fraud-Prevention Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fraud Prevention and Deterrence | 25% | - Fraud risk governance and organizational culture - Monitoring, auditing, and continuous improvement - Anti-fraud policies and procedures - Internal control systems and evaluation - Fraud prevention programs and frameworks - Fraud risk assessment - Ethics and corporate governance - Whistleblowing and reporting mechanisms - Fraud deterrence strategies and controls |
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:
1. According to the Committee of Sponsoring Organizations of the Treadway Commission (COSO).________Is "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."
A) Fraud risk management
B) Financial reporting
C) Operational risk assessment
D) Internal control
2. Warren wants to decrease the amount of cash register discrepancies among the cashiers at his small business. According to behaviorist theories, which of the following options would be the MOST EFFECTIVE way for Warren to encourage the cashiers to reduce their discrepancies and keep their cash drawers balanced?
A) Take away an hour of paid time off from an employee each time their cash drawer is not balanced.
B) Deduct an hour's worth of pay for anyone whose cash drawer is not perfectly reconciled each day.
C) Publicly praise employees every time their cash drawers are balanced.
D) Demote employees who continue to have reconciliation discrepancies.
3. A manager intentionally overrides purchasing controls to expedite a legitimate emergency purchase. Which statement is MOST accurate?
A) Override automatically strengthens controls
B) Management override can create risk even when the underlying purpose is legitimate
C) Emergency situations eliminate control concerns
D) Management override always constitutes fraud
4. Charles, the chief executive officer (CEO) of the Baking & Things Corporation, hired Daniela, a Certified Fraud Examiner (CFE), to investigate an embezzlement case. During the investigation, Daniela learns that Charles is involved in an unrelated fraud. What action should Daniela take based on the ACFE Code of Professional Ethics?
A) Daniela should report Charles to law enforcement.
B) Daniela should tell the company's board of directors about Charles.
C) Daniela should immediately resign from the engagement.
D) Daniela should contact the media to report what she found.
5. To address an employee's consistent failure to meet deadlines, a manager removes the employee's ability to work from home This is an example of what type of behavioral response?
A) Negative reinforcement
B) None of the above
C) Positive reinforcement
D) Punishment
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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