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CFE-Fraud-Prevention-and-Deterrence Exam Dumps : Certified Fraud Examiner - Fraud Prevention and Deterrence Exam

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ACFE CFE-Fraud-Prevention-and-Deterrence Exam Dumps FAQs

Q. # 1: What is the ACFE CFE-Fraud-Prevention-and-Deterrence Exam?

The ACFE CFE-Fraud-Prevention-and-Deterrence Exam is a certification exam for professionals aiming to become Certified Fraud Examiners (CFE). It tests knowledge in fraud prevention, detection, and deterrence.

Q. # 2: Who should take the ACFE CFE-Fraud-Prevention-and-Deterrence Exam?

The ACFE CFE-Fraud-Prevention-and-Deterrence Exam is ideal for professionals seeking careers in fraud examination, forensic accounting, internal auditing, or loss prevention. It's also valuable for accountants, investigators, and anyone working in fraud-sensitive environments.

Q. # 3: What topics are covered in the ACFE CFE-Fraud-Prevention-and-Deterrence Exam?

The ACFE CFE-Fraud-Prevention-and-Deterrence exam covers four main areas: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence.

Q. # 4: How many questions are on the ACFE CFE-Fraud-Prevention-and-Deterrence Exam?

The ACFE CFE-Fraud-Prevention-and-Deterrence exam consists of 400 multiple-choice questions, divided into four sections of 100 questions each.

Q. # 5: What is the duration of the ACFE CFE-Fraud-Prevention-and-Deterrence Exam?

The ACFE CFE-Fraud-Prevention-and-Deterrence exam duration is 2 hours.

Q. # 6: What is the passing score for the ACFE CFE-Fraud-Prevention-and-Deterrence Exam?

A passing score is 75% or higher on each section of the ACFE CFE-Fraud-Prevention-and-Deterrence exam.

Q. # 7: What is the difference between ACFE CFE-Fraud-Prevention-and-Deterrence and CFE-Law Exams?

The ACFE CFE-Fraud-Prevention-and-Deterrence and CFE-Law exams are both part of the Certified Fraud Examiner (CFE) certification, but they focus on different areas of fraud examination. Here are the key differences:

  • ACFE CFE-Fraud-Prevention-and-Deterrence Exam: The ACFE CFE-Fraud-Prevention-and-Deterrence Exam covers principles and techniques related to preventing and deterring fraud. It includes topics such as fraud risk assessment, fraud prevention programs, and fraud detection techniques.
  • ACFE CFE-Law Exam: The ACFE CFE-Law Exam concentrates on the legal aspects of fraud examination. It covers laws and regulations related to fraud, legal procedures, and the rights of individuals involved in fraud investigations.

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Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Questions and Answers

Question 1

According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.

Options:

A.

High personal debt; lack of separation of duties

B.

Revenge: too much trust in key employees

C.

Living beyond their means, too much trust in key employees

D.

Desire for recognition, lack of separation of duties

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Question 2

Julia, an internal auditor, is formalizing a process to evaluate the effectiveness of the company's control system over time, including both ongoing evaluations and periodic separate evaluations. Julia’s initiative BEST pertains to which component of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control—Integrated Framework?

Options:

A.

Control activities

B.

Risk assessment

C.

Monitoring

D.

Control environment

Question 3

Which of the following Is FALSE regarding proactive fraud auditing procedures?

Options:

A.

Fraud audit procedures should be designed to incorporate an element of surprise

B.

Analytical review of the financial statements is best used to uncover small frauds that might be missed by other detection methods

C.

Fraud assessment questioning techniques are most appropriately used as part of the normal audit process

D.

Implementing proactive fraud audit procedures demonstrates management's intention to aggressively look for possible fraudulent conduct