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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q178-Q183):
NEW QUESTION # 178
Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?
Answer: A
NEW QUESTION # 179
Which of the following is NOT considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics?
Answer: B
Explanation:
* Understanding Conflicts of Interest:
* The ACFE Code of Professional Ethics prohibits any engagements that impair the fraud examiner's objectivity, even with disclosure.
* Ownership interests in a client organization create significant potential for bias, compromising the integrity of the evaluation.
* Analysis of Other Options:
* A. Secret infiltration: This is a clear ethical violation.
* B. Engagements reducing employer duties: This constitutes a conflict of interest.
* D. Representing both sides: Prohibited under the ACFE Code due to conflicting responsibilities.
* Conclusion:Option C is a prohibited conflict of interest under the ACFE Code.
NEW QUESTION # 180
Which of the following is an example of organizational crime?
Answer: B
NEW QUESTION # 181
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 is NOT a way that Oak's audit team should use the fraud risk assessment process and results as part of their audits?
Answer: D
NEW QUESTION # 182
Management at Alpha Company is developing a corporate compliance program. To ensure that the program will be effective, management should both incentivize employees for their compliance and discipline them for any violations.
Answer: B
NEW QUESTION # 183
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