Examice

Question 6 of 208

All of the following are explicitly prohibited by the ACFE Code of Professional Ethics EXCEPT:

Engaging in behavior that is against the law

Participating in conduct that could be considered unethical

Accepting assignments where there are undisclosed conflicts of interest

Giving opinions regarding technical matters

Correct Answer: D

Question 7 of 208

During a fraud risk assessment, the assessment team determines that it would like to observe the interactions among several employees as they collectively discuss the organization’s current fraud awareness training. Which of the following techniques would be most helpful for the team to use in gathering this information?

Interviews

Focus groups

Surveys

Anonymous feedback mechanisms

Correct Answer: D

Question 8 of 208

Smith, a retail sales manager, wants to decrease the level of cash register over-and-short discrepancies among his sales team. According to behaviorist theories, which of the following options would be the most effective way for Smith to encourage his team members to keep their cash drawers in balance?

Take away an hour of paid time off for each time the drawer is over or short

Publicly call out and criticize employees whose cash drawers are over or short

Offer a bonus to anyone whose drawer reconciles perfectly for sixty days

Demote employees who continue to have reconciliation discrepancies

Correct Answer: C

Question 9 of 208

Glenda, an internal auditor, and Bridgette, an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies. Glenda has just been told that she will be the lead on the company’s fraud risk assessment. During the fraud risk assessment, Glenda should:

Confront Bridgette about the disagreements and discuss how they increase the department’s risk of fraud

Have someone else to perform the fraud risk assessment work related to the accounts receivable department’s activities

Include her disagreements with Bridgette as a factor when assessing the risk of fraud in the accounts receivable department

Automatically designate the accounts receivable department as a high-risk area

Correct Answer: B

Question 10 of 208

Which of the following statements is MOST ACCURATE regarding an effective system of anti-fraud controls?

It fully eliminates the risk of fraud by removing opportunities for misbehavior

It focuses more on preventive controls than detective controls

It prioritizes implementing detective controls over preventive controls

It deters fraudsters by increasing the perception that fraud will be detected

Correct Answer: B