ACFE CFE-FRAUD-PREVENTION-AND-DETERRENCE EXAM QUESTIONS ARE OUT - DOWNLOAD AND PREPARE [2025]

ACFE CFE-Fraud-Prevention-and-Deterrence Exam Questions Are Out - Download And Prepare [2025]

ACFE CFE-Fraud-Prevention-and-Deterrence Exam Questions Are Out - Download And Prepare [2025]

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In the Web-Based ACFE CFE-Fraud-Prevention-and-Deterrence Practice Exam, the Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) exam dumps given are actual and according to the syllabus of the test. This Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) practice exam is compatible with all operating systems like Mac, Linux, IOS, Android, and Windows. Likewise, this Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) practice test is browser-based so it needs no special installation to function properly. Firefox, Chrome, IE, Opera, Safari, and all the major browsers support this Certified Fraud Examiner - Fraud Prevention and Deterrence Exam (CFE-Fraud-Prevention-and-Deterrence) practice exam.

The CFE-Fraud-Prevention-and-Deterrence Certification is an essential credential for professionals seeking to enhance their skills and knowledge in the field of fraud prevention and deterrence. It provides individuals with the necessary tools and techniques to effectively identify and prevent fraud in their organizations, and demonstrates their commitment to ethical and professional standards in the fight against fraud.

Passing the CFE-Fraud-Prevention-and-Deterrence exam demonstrates a high level of expertise in fraud prevention and deterrence. It can lead to career advancement opportunities, increased credibility and recognition, and a greater understanding of fraud prevention strategies and techniques. Additionally, maintaining the CFE certification requires ongoing education and adherence to professional standards, ensuring that certified professionals stay up-to-date on the latest developments in the anti-fraud field.

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ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q142-Q147):

NEW QUESTION # 142
Warren wants to decrease the amount of cash register discrepancies among the cashiers at his small business.
According to behaviorist theories, which of the following options would be the MOST EFFECTIVE way for Warren to encourage the cashiers to reduce their discrepancies and keep their cash drawers balanced?

  • A. Demote employees who continue to have reconciliation discrepancies.
  • B. Publicly praise employees every time their cash drawers are balanced.
  • C. Deduct an hour's worth of pay for anyone whose cash drawer is not perfectly reconciled each day.
  • D. Take away an hour of paid time off from an employee each time their cash drawer is not balanced.

Answer: B


NEW QUESTION # 143
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal control as:

  • A. A process involving personnel at all levels of the organization that aims to eliminate all uncertainty and risk while also ensuring the achievement of organizational goals
  • B. A process implemented to review how well the organization's risk management capabilities have increased value over time and how they will continue to drive value for the organization
  • C. A process aimed at proactively identifying, evaluating, and addressing an organization's vulnerabilities to fraud by both internal and external sources
  • D. A process, effected by an entity's board of directors, management, and other personnel,designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance

Answer: D

Explanation:
The COSO definition of internal control is:
"A process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance." This is the formal and widely accepted COSO definition.
Reference:ACFE Fraud Examiners Manual, 2020 International Edition -Fraud Risk Management, COSO IC
2013 Definition.


NEW QUESTION # 144
Which of the following is TRUE regarding the internal audit function's reporting responsibilities pertaining to fraud?

  • A. The internal audit function should discuss how and when to report fraud-related issues with senior management and the board of directors before such issues arise.
  • B. The internal audit function is not permitted to communicate with the board of directors about fraud, as that is the responsibility of external auditors.
  • C. The internal audit function is permitted, but not required, to periodically report about the organization's fraud risks to senior management and the board of directors.
  • D. The internal audit function should not disclose the results of its fraud audits to senior management or the board of directors in order to maintain independence.

Answer: A

Explanation:
* Internal Audit Reporting Responsibilities:
* Internal audit must maintain open communication with senior management and the board to ensure appropriate handling of fraud-related issues.
* Establishing reporting protocols in advance ensures timely and consistent responses when fraud occurs.
* Analysis of Other Options:
* B. Periodic reporting is optional: Reporting fraud risks is a required responsibility.
* C. Non-disclosure: Fails to fulfill the role of internal audit in governance and accountability.
* D. No communication with the board: Misrepresents the internal audit's role in fraud oversight.
* Conclusion:Discussing reporting protocols proactively with senior management and the board is the correct approach.


NEW QUESTION # 145
Which of the following is FALSE regarding a background check policy for employees?

  • A. As part of the screening process, management should contact the references provided by the job candidate.
  • B. At a minimum, management should conduct a background check on any candidate who will have constant access to cash, checks, and credit card numbers, or other easily stolen items.
  • C. When verifying past employment, management should only ask previous employers to verify the dates the candidate was employed.
  • D. Where permitted by law, management should run a background check on any existing employee who is being promoted to a position that includes access to sensitive or valuable company resources, even if a background check was run on the individual at the time of hire

Answer: C

Explanation:
* Effective Background Check Policies:
* Verifying employment history involves more than just confirming dates. It includes understanding job roles, responsibilities, and performance. Solely asking for employment dates does not provide sufficient information to assess fraud risk.
* Analysis of Other Options:
* B. Background checks for cash-handling roles: This is critical for reducing fraud risks.
* C. Background checks for promotions: This ensures that employees in sensitive positions have maintained integrity since hire.
* D. Contacting references: Essential to gain insights into the candidate's character and reliability.
* Conclusion:Option A is false because it suggests an overly simplistic approach to employment verification.


NEW QUESTION # 146
Risk management is focused on balancing the organization's___________with Its____________.

  • A. Risk appetite, ability to meet its objectives
  • B. Internal controls; financial reporting model
  • C. Regulatory requirements, risk appetite
  • D. Objectives; resources

Answer: A

Explanation:
* Focus of Risk Management:
* Risk management seeks to balance the organization's risk appetite (the level of risk it is willing to accept) with its ability to achieve objectives.
* Why D is Correct:
* Effective risk management aligns the organization's risk tolerance with its strategic and operational goals to ensure sustainability and success.
* Why Other Options are Incorrect:
* A, B, and C: While internal controls, regulatory requirements, and resources are critical, the primary balance is between risk appetite and objectives.
References for All Questions:
* ACFE Fraud Examination Guide and Risk Management Best Practices.
* COSO frameworks for internal controls and fraud risk management.
* Industry guidance on effective deterrence and governance practices.


NEW QUESTION # 147
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