Free ACFE CFE-Fraud-Prevention-and-Deterrence Practice Exam with Questions & Answers | Set: 8

Corporate violations that involve large sums of money are often spread among so many organizations that each gains very little individually.

Violations are caused by innocent errors in judgment rather than economic necessity.

Government regulations are justified because the additional costs of regulations and bureaucratic procedures increase government profits.

Government regulation is unnecessary because the matters being regulated are unimportant.

True

False

The ACFE Code of Professional Ethics allows Rhys to comply with management's request without limitations.

The ACFE Code of Professional Ethics allows Rhys to comply with management's request only if he can find another CFE to co-sign his report.

The ACFE Code of Professional Ethics allows Rhys to comply with management's request only if the company has liability insurance to cover an incorrect assertion.

The ACFE Code of Professional Ethics absolutely prohibits Rhys from complying with management's request.

The most commonly reported red flag displayed by fraud perpetrators prior to the detection of their crime is complaints about management.

Mote occupational frauds are committed by men than by women

The median losses caused by executives are lower than those caused by staff-level employees

The majority of fraudsters have been previously punished by an employer for a fraud-related offense

Event avoidance

Risk tolerance

Compliance

Review and revision

Management seeks diversity in attitudes and perspectives when hiring employees.

Management separates employee performance goals from company performance goals.

Management encourages employee loyalty through social functions.

Management rewards employees who challenge how the company functions.