Free CFE-Fraud-Prevention-and-Deterrence Exam Dumps

Question 16

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. Risk assessment
C. Control activities
D. Monitoring

Correct Answer:A

Question 17

Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?

A. A request that governments have in place an appropriate framework to support good corporate governance practices
B. Recognition of the importance of the role of stakeholders in corporate governance
C. Support for establishing stronger protection for foreign shareholders than for domestic shareholders
D. Guidance regarding appropriate board structures, responsibilities, and procedures

Correct Answer:C

Question 18

Which of the following is TRUE regarding the communication of the fraud risk assessment process?

A. The communication should be in the form of a personalized message from the assessment sponsor
B. The communication should actively encourage employees to participate in the assessment process
C. The communication should be visibly disseminated throughout the business
D. All of the above

Correct Answer:D

Question 19

Which of the following is FALSE regarding fraud examiners responsibilities under the ACFE Code of Professional Ethics?

A. Confidential information provided to fraud examiners by their clients is considered privileged and therefore legally exempt from disclosure in all circumstances
B. In determining what information to include in a fraud examination report, fraud examiners should try to decide what users will consider important and material
C. If fraud examiners become aware of a situation that might appear to others as though they have a conflict of interest they should immediately disclose the situation to company management
D. Fraud examiners must obtain and document evidence in a manner that ensures that the chain of custody is preserved

Correct Answer:B