CFE-Fraud-Prevention Q&A - in .pdf

  • CFE-Fraud-Prevention pdf
  • Exam Code: CFE-Fraud-Prevention
  • Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
  • Updated: Oct 03, 2026
  • Q & A: 286 Questions and Answers
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  • Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
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  • Q & A: 286 Questions and Answers
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  • Exam Code: CFE-Fraud-Prevention
  • Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
  • Updated: Oct 03, 2026
  • Q & A: 286 Questions and Answers
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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Fraud Prevention and Deterrence25%- Whistleblowing and reporting mechanisms
- Internal control systems and evaluation
- Anti-fraud policies and procedures
- Ethics and corporate governance
- Fraud risk assessment
- Fraud deterrence strategies and controls
- Fraud risk governance and organizational culture
- Monitoring, auditing, and continuous improvement
- Fraud prevention programs and frameworks

ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:

Question #1

Ian is drafting a report containing the results of his company's fraud risk assessment process. To be MOST EFFECTIVE, Ian's report should:

  • A. Reflect the assessment team's subjective perspective regarding the risks identified.
  • B. Include a complete list of recommended actions for management to take to address all identified risks.
  • C. Focus on the findings that will make the most impact on the company's fraud risk management efforts.
  • D. Contain a detailed, comprehensive list of every assessment finding.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.

  • A. Desire for recognition, lack of separation of duties
  • B. Living beyond their means, too much trust in key employees
  • C. Revenge: too much trust in key employees
  • D. High personal debt; lack of separation of duties
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

Stevens, a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination at ABC Company. His examination did not reveal any conclusive evidence that fraud had occurred orwas occurring. Consequently, ABC's management asked Stevens to state in his official examination report that the organization is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. Under the ACFE Code of Professional Ethics.
Stevens is permitted to comply with management's request based on the findings of his examination.

  • A. True
  • B. False
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

An organization conducts ethics training only during new-hire orientation and never again. Which statement is MOST accurate?

  • A. One-time training is generally sufficient
  • B. Ongoing ethics communication and reinforcement are more effective
  • C. Ethics training increases fraud risk
  • D. Training is unnecessary if a hotline exists
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

Patrick is conducting an external audit of a company in a jurisdiction that is subject to International Standards on Auditing (ISAs). While undertaking his audit procedures, he discovers evidence that senior management has been fraudulently manipulating the financial statements.
Which of the following is Patrick's BEST response to these findings?

  • A. Patrick should not disclose his findings to any other parties due to client confidentiality
  • B. Patrick should confront management with his audit findings and try to get a confession.
  • C. Patrick should immediately report his findings to local law enforcement authorities.
  • D. Patrick should report his findings to those charged with governance of the organization.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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