Newly Released ACFE CFE-Fraud-Prevention-and-Deterrence Exam PDF

ACFE research consistently shows that tips are the most common method for detecting occupational fraud. Organizations often rely on whistleblowing mechanisms such as hotlines to encourage employees and other stakeholders to report suspected fraud, which makes tips the most effective fraud detection tool.

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Communication of Fraud Risk Assessment Process:Effective communication ensures that employees understand the objectives and importance of the fraud risk assessment process. The following practices contribute to its success:

A. Personalization:Personalized communication increases engagement by making the information relevant to employees' roles and responsibilities.

B. Appropriateness to Culture:Aligning the communication format with the organization's culture ensures clarity and resonance.

C. Visibility:Disseminating communication broadly reinforces its significance and encourages widespread participation.

Why All Options are Correct:

Fraud risk assessments require buy-in and participation across all levels of the organization. Combining personalization, cultural alignment, and visibility creates an effective communication strategy.

Conclusion:All three practices—personalization, cultural appropriateness, and visibility—are critical for effective communication.

Social Control Theory Overview:

This theory posits that individuals consider social and personal relationships when deciding whether to commit a crime. They reflect on the potential consequences of their actions on their relationships and social standing.

Application to the Scenario:

The question of "What will my spouse think?" aligns directly with social control theory, as it involves weighing personal consequences within a social context.

Analysis of Other Options:

B. Operant theory:Focuses on behavior modification through rewards and punishments.

C. Cognitive theory:Centers on thought processes and decision-making patterns.

D. Behavioral theory:Examines the external influences on behavior, not personal social relationships.

Conclusion:Social control theory best explains the scenario.

Understanding G20/OECD Principles of Corporate Governance:These principles provide a framework to improve corporate governance worldwide. Key elements include board responsibilities, shareholder rights, equitable treatment, and stakeholder roles.

Analysis of Options:

A. Guidance on board structures:This is included in the principles to ensure effective governance and oversight.

C. Framework for corporate governance:Governments are encouraged to create legal and regulatory frameworks supporting corporate governance.

D. Stakeholder importance:Stakeholders' roles in governance are recognized, acknowledging their contribution to sustainable business practices.

B. Stronger protection for foreign shareholders:The principles advocate for equitable treatment of all shareholders, not preferential treatment for any group.

Conclusion:Option B contradicts the principle of equitable treatment, making it the correct answer.