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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fraud Prevention and Deterrence | 25% | - 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 |
Ian is drafting a report containing the results of his company's fraud risk assessment process. To be MOST EFFECTIVE, Ian's report should:
Correct Answer: C 🗳️
According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.
Correct Answer: B 🗳️
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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.
Correct Answer: B 🗳️
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An organization conducts ethics training only during new-hire orientation and never again. Which statement is MOST accurate?
Correct Answer: B 🗳️
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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?
Correct Answer: D 🗳️
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