Fraud Prevention and Deterrence Final Exam Questions and Answers Already Passed

Fraud Prevention and Deterrence Final Exam Questions and Answers Already Passed T/F: at the conclusion of a fraud examination, an ACFE member should express an opinion on the guilt or innocence of the persons or parties under investigation False T/F: the CFE Code of Professional Standards apply to all members of the ACFE False - only certified members not associate T/F: Where a conflict of interest exists and is disclosed to all parties, an ACFE member should remove themselves from the engagement out of an abundance of caution even if all parties have given their approval to continue False A discreditable act is an act that damaged a CFE's __________ as an anti-fraud professional A. All of these are acceptable answers B. Trustworthiness C. Fitness to practice D. Integrity A An example of a discreditable act would include all except: A. Soliciting or disclosing CFE Exam questions or answers, or performing other acts of fraud or deceit in obtaining a CFE certification B. Breaching a fiduciary responsibility in a professional engagement C. Being convicted of a misdemeanor D. Giving intentional false sworn testimony C T/F: the fact that a fraud examination might deviate in course from the CFE's initial plan does not necessarily indicate that the CFE failed to adequately plan the engagement True T/F: at the outset of a fraud examination, the CFE should communicate with his or her client/employer to ensure that there is mutual understanding regarding the scope, expectations, subject matter, compensation, deliverables and other key issues concerning the examination True Predication is required for which of the following engagements conducted by a CFE? A. Risk assessment B. Conduct a non-forensic internal or external audit C. Consulting service D. Fraud examination D T/F: ethics is concerned with what is right or wrong as well as what is legal or illegal False T/F: what constitutes adequate documentation and work product is something that can vary greatly from case to case True Which of the following is not a factor that influences how at-risk an organization is to fraud? A. The nature of the business in which it is engaged B. The environment in which it operates C. The effectiveness of its internal controls D. The ethics and values of the company and its employees E. All these are factors that influence how at risk an organization is to fraud E T/F: when considering fraud risk assessment, what works in one organization will more than likely work in another organization