Free PDF Quiz 2025 Valid ACFE CFE-Fraud-Prevention-and-Deterrence: Verified Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Answers
Free PDF Quiz 2025 Valid ACFE CFE-Fraud-Prevention-and-Deterrence: Verified Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Answers
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The first section of the exam covers fraud prevention and deterrence, which includes topics such as risk assessment, fraud prevention programs, and the role of management in fraud prevention. This section also covers the various types of fraud that can occur in a business, including employee fraud, vendor fraud, and financial statement fraud.
The CFE-Fraud-Prevention-and-Deterrence certification exam covers a wide range of topics related to fraud prevention, detection, and investigation. CFE-Fraud-Prevention-and-Deterrence exam consists of four sections, each of which covers a different aspect of fraud prevention and deterrence. These sections include fraud prevention and deterrence, financial transactions and fraud schemes, investigation, and law.
The Association of Certified Fraud Examiners (ACFE) offers the Certified Fraud Examiner - Fraud Prevention and Deterrence (CFE-Fraud-Prevention-and-Deterrence) Certification Exam to professionals who are interested in preventing and detecting fraudulent activities. Certified Fraud Examiner - Fraud Prevention and Deterrence Exam certification is ideal for individuals who work in fields such as auditing, accounting, law enforcement or risk management. CFE-Fraud-Prevention-and-Deterrence Exam covers a range of topics related to fraud prevention and detection, including the principles of fraud examination, fraud prevention and deterrence, occupational fraud and abuse, financial transactions and fraud schemes, and legal elements of fraud.
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ACFE CFE-Fraud-Prevention-and-Deterrence Study Guides & Simulation CFE-Fraud-Prevention-and-Deterrence Questions
We are constantly updating our ACFE CFE-Fraud-Prevention-and-Deterrence practice material to ensure that students receive the latest CFE-Fraud-Prevention-and-Deterrence questions based on the actual Certified Fraud Examiner - Fraud Prevention and Deterrence Exam exam content. Moreover, we also offer up to 1 year of free updates and free demos. GuideTorrent also offers a money-back guarantee (terms and conditions apply) for applicants who fail to pass the CFE-Fraud-Prevention-and-Deterrence test on the first try.
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q247-Q252):
NEW QUESTION # 247
In the area of criminological theory, deterrence is the theory that tries to prevenl crime by using the threat of criminal sanctions.
- A. False
- B. True
Answer: B
Explanation:
Deterrence Theory in Criminology:
* This theory posits that crime can be prevented by making the potential consequences severe enough to deter individuals from offending. It emphasizes the certainty, severity, and swiftness of punishment.
Why A is Correct:
* The threat of criminal sanctions is a cornerstone of deterrence theory, designed to reduce crime by increasing the perceived risks and consequences.
References:
* Criminological studies and fraud deterrence strategies emphasize the effectiveness of deterrence in reducing criminal behavior.
NEW QUESTION # 248
Which of the following is NOT a factor that directors and management should consider when developing a corporate governance framework for an organization?
- A. The organization's cultural environment
- B. The ability of the framework to remain static during changes in the corporate landscape
- C. The organization's ethical environment
- D. The legal and regulatory environment in which the organization operates
Answer: B
Explanation:
Corporate Governance Framework Requirements:
* A corporate governance framework must be dynamic, adapting to changes in regulations, markets, and corporate landscapes.
* It must consider legal, ethical, cultural, and operational environments.
Why B is Incorrect:
* A static framework cannot accommodate evolving business risks, regulatory changes, and cultural shifts, leading to governance failures. Flexibility is critical for sustainability and resilience.
References:
* ACFE governance best practices and COSO framework guidance highlight the importance of adaptability in governance frameworks.
NEW QUESTION # 249
According to ACFE research, which of the following is the MOST COMMON method for detecting occupational fraud?
- A. Internal audit
- B. Tips
- C. Management review
- D. Document examination
Answer: B
Explanation:
Tips have consistently been the leading method for detecting occupational fraud, as confirmed by ACFE research:
"Figure 9 shows that the leading detection methods are tips, internal audit, and management review. This finding is not surprising as these have been the three most common means of detecting occupational fraud in every edition of the report since 2010." Reference: ACFE Fraud Examiners Manual, 2020 International Edition - Fraud Prevention and Deterrence, Section 4.248.
NEW QUESTION # 250
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?
- A. Ethical culture
- B. Monitoring
- C. Control activities
- D. Risk assessment
Answer: A
NEW QUESTION # 251
Article II of the ACFE Code of Professional Ethics prohibits illegal or unethical conduct, but It allows exceptions for unknowing violations of the law.
- A. False
- B. True
Answer: A
Explanation:
ACFE Code of Professional Ethics:
Article II prohibits all illegal and unethical conduct, with no exceptions for unknowing violations of the law.
CFEs are expected to maintain a high standard of professional integrity and responsibility.
Why B is Correct:
Ignorance of the law is not an acceptable defense under the ACFE Code of Ethics. Professionals must ensure they understand and comply with applicable laws.
References:
ACFE Code of Professional Ethics.
NEW QUESTION # 252
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