Most Recent ACFE CFE-Fraud-Prevention-and-Deterrence Exam Dumps

Prepare for the ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the ACFE CFE-Fraud-Prevention-and-Deterrence exam and achieve success.

The questions for CFE-Fraud-Prevention-and-Deterrence were last updated on Feb 21, 2025.

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Question No. 1

Which of the following is NOT an effective way to help prevent fraud through the organization's performance measurement and management programs?

AIncluding ethics-based metrics as a component of performance evaluations

BProviding regular training to ensure that all employees are sufficiently prepared to perform their tasks

CEstablishing loosely defined job descriptions that allow employees flexibility in their roles

DTying employee compensation to reasonable organizational performance goals

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Correct Answer: C

Question No. 2

During the course of a fraud examination. While, an employee of the ABC Corp.. approaches Blue, a Certified Fraud Examiner (CFE), and tells Blue that she wishes to furnish information in confidence. Blue also is employed by the ABC Corp. Blue should:

ATell White that she will try to keep the information as confidential as possible

BAgree that the information will be held in confidence, even though Blue knows it will not be

CTake White's request straight to ABC Corp.'s management

DNot agree to the request for confidentiality

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Correct Answer: D

Question No. 3

During an external audit, the audit team identifies evidence that management has intentionally omitted some expenses from the company's financial statements in order to conceal an asset misappropriation scheme. However, the amount of the resulting misstatement does not meet the quantitative materiality threshold for the audit. Which of the following is TRUE regarding this situation?

AThe auditors should assume that all audit evidence collected previously is unreliable and withdraw from the audit engagement

BThe auditors should assess the need to adjust the nature, timing, and extent of remaining audit procedures based on this evidence.

CThe auditors can ignore the misstatement because the omitted amount is less than the quantitative materiality threshold and therefore immaterial to the audit.

DThe auditors do not need to be concerned with this evidence, as asset misappropriation schemes are not considered relevant or material for external audit purposes.

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Correct Answer: C

Question No. 4

Employee anti-fraud education should:

AInclude descriptions of the procedures that management uses to detect fraud.

BInclude examples of prior employee misconduct and how those situations were handled.

CBe restricted to formal educational mechanisms to reinforce the importance of the message.

DBe presented by organizational executives or anti-fraud professionals only.

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Correct Answer: B

Question No. 5

Daniela, an independent Certified Fraud Examiner (CFE), was hired by Charles, executive director of a nonprofit organization, to investigate a straightforward embezzlement case. During the investigation, Daniela learns that Charles is involved in an unrelated fraud. Under the ACFE Code of Professional Ethics. Daniela should:

ATell the nonprofit's board of trustees about Charles

BReport Charles to law enforcement

CNot disclose the information about Charles.

DResign from the engagement.

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Correct Answer: A

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