Pass the ACFE Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence Questions and answers with CertsForce

Demote employees who continue to have reconciliation discrepancies.

Publicly praise employees every time their cash drawers are balanced.

Deduct an hour's worth of pay for anyone whose cash drawer is not perfectly reconciled each day.

Take away an hour of paid time off from an employee each time their cash drawer is not balanced.

Rodrigo. a CFE. uncovered several material Internal control deficiencies unrelated to the Kickback scheme he was Investigating. In his final report to management. Rodrigo included information about the deficiencies even though they were unrelated to the situation he was hired to investigate.

Vivian, a CFE, accepted an assignment to conduct a fraud examination within a manufacturing company. Because she was in a hurry to complete the investigation, she overlooked key items of evidence and ended up failing to uncover a major fraud scheme.

Tom, a CFE, was hired by a client to conduct a fraud examination but found nothing amiss. A year later, he received a court order to provide the client's file to the ordering court. Tom complied with the court order, even though he did not have the client's authorization to do so.

All of the above are violations.

The company should communicate that fraud, waste, and abuse are more likely to occur in large organizations than small ones.

The company should require employees with information about potential fraud to report it directly and only to their immediate supervisor.

Employees are held accountable for reporting tips that are not able to be substantiated

Employees should be informed that, to the extent possible, their names will not be disclosed.

Frauds committed by staff-level employees cause higher median losses than those committed by owners and executives.

Men and women commit similar amounts of occupational frauds.

Complaints about family problems is the most reported behavioral red flag displayed by fraud perpetrators.

Most employees who commit occupational fraud are first-time offenders.

Riva, a CFE, uncovered material internal control deficiencies that were material but unrelated to the kickback scheme she was investigating. In her final report to management, Riva included information about the deficiencies despite their being unrelated to the situation she was hired to investigate.

Dee, a CFE, accepted an assignment to conduct a fraud examination within a manufacturing company. Because she rushed to complete the investigation, she overlooked key items of evidence and failed to uncover a fraud scheme.

Derrick, a CFE, was hired by a client to conduct a fraud examination but found nothing abnormal. A year later, he received a court order to provide the client's file to the court. Derrick complied with the court order despite not having the client's authorization to provide the file.

All of the above are violations.

The legal and regulatory environment in which the organization operates

The ability of the framework to remain static during changes in the corporate landscape

The organization's ethical environment

The organization's cultural environment

Implementing additional preventive and detective controls

Discontinuing the underlying activity completely

Deciding not to implement any responsive measures

Purchasing fidelity insurance to protect against the associated risk of loss

The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them

The Principles state that an entity's corporate governance framework should discourage active cooperation between corporations and stakeholders in creating wealth.

The Principles are intended to be applicable in developed economies but not in emerging markets.

The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders.

Criminal behavior is explained by an individual's general needs and values.

Criminal behavior is acquired through participation with intimate personal groups.

Criminal behavior is learned from other people in a process of communication.

Criminal behavior is learned using the same mechanisms as other learning

All government auditors maintain the same requirements for reporting evidence of potential fraud uncovered during a public-sector financial statement audit.

Government auditors are legally prohibited from reporting evidence of potential fraud to any parties outside the organization being audited.

Government auditors' reporting requirements pertaining to fraud are substantially the same as those for external auditors in the private sector.

The requirements for government auditors to report evidence of potential fraud depend on the jurisdiction and the specific audit mandate.