Question 1

The findings in the 2020 Report to the Nations include which of the following?

AThe most commonly reported red flag displayed by fraud perpetrators prior to the detection of their crime is complaints about management.

BMote occupational frauds are committed by men than by women

CThe median losses caused by executives are lower than those caused by staff-level employees

DThe majority of fraudsters have been previously punished by an employer for a fraud-related offense

Answer : B

Question 2

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

AABC must comply with specific listing standards for the stock exchange(s) on which it is listed

BABC is required to comply with G20/OECD Principles of Corporate Governance

CABC is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions

DABC is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.

Answer : A

Question 3

Having specialized departments within a company often increases the overall risk ot traud by the organization.

ATrue

BFalse

Answer : A

Question 4

According to the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control-integrated Framework (the Framework), there are five interrelated components of a company's internal control. Which of the following is NOT among these five components?

AMonitoring

BControl environment

CIndependent oversight

DInformation and communication

Answer : C

Question 5

In the area of criminological theory, deterrence is the theory that tries to prevenl crime by using the threat of criminal sanctions.

ATrue

BFalse

Answer : A

Free Practice Questions for ACFE CFE-Fraud-Prevention-and-Deterrence Exam

Question 1

Question 2

Question 3

Question 4

Question 5