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ACFE CFE-Fraud-Prevention-and-Deterrence Exam Syllabus Topics:

TopicDetails
Topic 1
  • Demonstrate knowledge of fraud schemes, internal controls to deter fraud and other auditing and accounting matters
Topic 2
  • Demonstrate knowledge of these concepts: basic accounting and auditing theory
Topic 3
  • Demostrate the knowledge of the types of fraudulent financial transactions incurred in accounting records
Topic 4
  • Tests your knowledge of why people commit fraud and what can be done to prevent it
Topic 5
  • Crime causation, white-collar crime, occupational fraud, fraud prevention, fraud risk assessment, and the ACFE Code of Professional Ethics

Reference: https://www.acfe.com/details-exam-preparation.aspx

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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:

Question #1

Ian is drafting a report containing the results of his company ' s fraud risk assessment process. To be MOST EFFECTIVE, Ian ' s report should:

  • A. Include a complete list of recommended actions for management to take to address all identified risks.
  • B. Contain a detailed, comprehensive list of every assessment finding.
  • C. Focus on the findings that will make the most impact on the company ' s fraud risk management efforts.
  • D. Reflect the assessment team ' s subjective perspective regarding the risks identified.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

Luis, the internal audit manager for Oak Corporation, is working to formally incorporate the company's fraud risk assessment into its audit process. Which of the following options BEST describes how Oak's audit team should use the fraud risk assessment process and results as part of its audits?

  • A. To inform the development of audit programs for areas that have been identified as having any risk of fraud, regardless of the risk level.
  • B. To design audit tests to evaluate whether the company's anti-fraud controls are operating effectively and efficiently.
  • C. To validate whether the organization is appropriately managing its low-to-moderate fraud risks.
  • D. To confirm whether there is conclusive evidence that fraud is occurring within the company.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

Beezie, a Certified Fraud Examiner (CFE), took an introductory class in computer forensics. When a client thought there might be evidence of a crime on their computer, Beezie decided to conduct a forensic examination of the computer even though she had no experience or advanced training in this area. Which of the following is TRUE regarding Beezie ' s conduct?

  • A. Beezie ' s conduct would be a violation of the ACFE Code of Professional Ethics only if she did not find the fraudster.
  • B. Beezie ' s conduct would be a violation of the ACFE Code of Professional Ethics only if she also violated the law.
  • C. Beezie ' s conduct would be a violation of the ACFE Code of Professional Ethics.
  • D. Beezie ' s conduct would not be a violation of the ACFE Code of Professional Ethics.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

According to behaviorists such as B. F. Skinner, which of the following scenarios is MOST LIKELY to occur when an undesired behavior is punished?

  • A. The behavior will be permanently suppressed
  • B. The behavior will occur more frequently.
  • C. The behavior will return when punishment ceases
  • D. The behavior will not be affected by the punishment
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

In the context of a fraud examination, integrity requires which of the following:

  • A. Avoidance of differences of opinion on all material matters
  • B. Ability to conceal errors to preserve the reliability of the work performed
  • C. Prioritization of desires for personal gain over the interests of clients
  • D. Independence of mental attitude and avoidance of conflicts of interest
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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