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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q77-Q82):

NEW QUESTION # 77
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines_____________as
"a process, effected by an entity s board of directors management.
and other personnel designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."

  • A. Risk assessment
  • B. Corporate compliance
  • C. Internal control
  • D. Fraud risk management

Answer: C
NEW QUESTION # 78
The existence of many specialized departments within a company generally decreases the overall risk of fraud within the organization.

  • A. False
  • B. True

Answer: A
NEW QUESTION # 79
Fraud risks related to regulatory and legal misconduct include all of the following EXCEPT:

  • A. Fraudulent customer payments
  • B. Insider trading
  • C. Anti-competitive practices
  • D. Conflicts of interest

Answer: D
NEW QUESTION # 80
Which of the following statements regarding white-collar defendants is TRUE?

  • A. They are more likely to be fined than to face prison terms as punishment
  • B. All of the above
  • C. The lower the offenders' social status, the more likely they are to be imprisoned
  • D. They are less likely to insist on a trial than other offenders

Answer: A
NEW QUESTION # 81
Who is ultimately responsible for responding appropriately to instances of fraud within an organization?

  • A. The audit committee
  • B. Management
  • C. General counsel
  • D. Internal auditors

Answer: B
NEW QUESTION # 82
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