ACFE CFE-Fraud-Prevention-and-Deterrence Exam With Confidence Using Practice Dumps

The Fraud Risk Assessment chapter explains that auditors should use the fraud risk assessment to improve audit planning and increase attention to fraud indicators, especially in moderate-to-high risk areas. The manual states that auditors should design procedures that enable them to look for fraud in known high-risk areas, map existing preventive and detective controls to identified fraud risks, and develop reports that incorporate the results of validation and testing of fraud risk controls. It also instructs auditors to maintain an attitude of professional skepticism and remain alert for signs of fraud. Therefore, any suggestion that the audit team should use the process to reduce its awareness of fraud indicators is contrary to the manual’s guidance. Option A is the one that is NOT an appropriate use of the fraud risk assessment.

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The Corporate Governance chapter summarizes the G20/OECD Principles of Corporate Governance and notes several major areas they address. These include the basis for an effective corporate governance framework, the rights and equitable treatment of shareholders, stakeholder roles, disclosure and transparency, and the responsibilities of the board. The manual specifically states that the Principles contain guidance regarding appropriate board structures, responsibilities, and procedures. That wording directly matches option C. Option A is incorrect because the Principles refer to equitable treatment of shareholders, not governing body members. Option B inaccurately assigns the framework responsibility to corporations instead of to governments and jurisdictions. Option D is more aligned with internal control frameworks than the specific wording used to summarize the G20/OECD Principles. Therefore, option C is the correct answer.