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[General] Ace Exam Preparation with ACFE CFE-Fraud-Prevention-and-Deterrence Real Question

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【General】 Ace Exam Preparation with ACFE CFE-Fraud-Prevention-and-Deterrence Real Question

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ACFE CFE-Fraud-Prevention-and-Deterrence Certification Exam is ideal for professionals who are involved in fraud prevention and detection, such as auditors, investigators, forensic accountants, and compliance professionals. Certified Fraud Examiner - Fraud Prevention and Deterrence Exam certification exam is designed to help professionals develop a deep understanding of the various types of fraud, including asset misappropriation, financial statement fraud, and corruption. It also covers the legal and ethical considerations when investigating fraud, as well as the different methods and tools used in fraud prevention and detection.
Achieving the CFE-Fraud-Prevention-and-Deterrence Certification demonstrates a high level of expertise in fraud prevention and deterrence. It is highly valued by employers, as it helps them identify professionals who have the skills and knowledge to prevent fraud in their organizations. Additionally, the certification provides professionals with a competitive advantage in the job market, as it demonstrates their commitment to their profession and their willingness to invest in their career development.
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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q34-Q39):NEW QUESTION # 34
Which of the following components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management-Integrating with Strategy and Performance refers to an organization's ability to continually assess how well its enterprise risk management (ERM) capabilities and practices have increased value over time and how they will continue to drive value for the organization?
  • A. Governance and culture
  • B. Strategy and objective-setting
  • C. Risk tolerance
  • D. Review and revision
Answer: D
Explanation:
The "Review and Revision" component is focused on evaluating how ERM practices contribute to organizational value and adapting them accordingly.
"As part of its ERM activities, the organization should review how well the ERM capabilities and practices have increased value over time and how they will continue to drive value." Reference:ACFE Fraud Examiners Manual, 2020 International Edition -Fraud Risk Management, Section
4.805.

NEW QUESTION # 35
Formally documenting and communicating organizational hierarchies, including the proper flow of information, can hinder an organization's fraud prevention initiatives.
  • A. False
  • B. True
Answer: B

NEW QUESTION # 36
Warren wants to decrease the amount of cash register discrepancies among the cashiers at his small business.
According to behaviorist theories, which of the following options would be the MOST EFFECTIVE way for Warren to encourage the cashiers to reduce their discrepancies and keep their cash drawers balanced?
  • A. Publicly praise employees every time their cash drawers are balanced.
  • B. Demote employees who continue to have reconciliation discrepancies.
  • C. Take away an hour of paid time off from an employee each time their cash drawer is not balanced.
  • D. Deduct an hour's worth of pay for anyone whose cash drawer is not perfectly reconciled each day.
Answer: A

NEW QUESTION # 37
Which of the following theories suggests that, when considering the possibility of violating a law. people are likely to ask themselves. "What will my spouse think if they find out?"
  • A. Operant theory
  • B. Behavioral theory
  • C. Cognitive theory
  • D. Social control theory
Answer: D

NEW QUESTION # 38
Which of the following statements is MOST ACCURATE regarding an effective system of anti-fraud controls?
  • A. It deters fraudsters by increasing the perception that fraud will be detected.
  • B. It fully eliminates the risk of fraud by removing opportunities for misbehavior.
  • C. It prioritizes implementing detective controls over preventive controls.
  • D. It focuses more on preventive controls than detective controls.
Answer: A

NEW QUESTION # 39
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