Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Exam Questions in PDF and Online

QUESTION: 16

Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?

Professional skepticism means beginning all assignments with the belief that something is amiss.
Professional skepticism involves maintaining a mindset that no fraud has occurred
Fraud examiners should form the engagement hypothesis without regard to the available preliminary information.
Fraud examiners should not relax their skeptical attitudes under any circumstances.

Answer(s): D

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QUESTION: 17

Which of the following is TRUE regarding G20/OECD Principles of Corporate Governance (the Principles)?

The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them
The Principles state that an entity's corporate governance framework should discourage active cooperation between corporations and stakeholders in creating wealth.
The Principles are intended to be applicable in developed economies but not in emerging markets.
The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders.

Answer(s): D

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QUESTION: 18

According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:

The continued pressures of a culture that rewards affluence and success
The economy's increased reliance on credit
The increased constraints of the regulatory environment for businesses
The increased opportunity for wrongdoing as a result of advancing information technologies

Answer(s): C

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QUESTION: 19

Management at ABC Corp. is assessing the company's ethical tone and how it affects the organization's fraud risk. To most effectively reinforce an anti-fraud culture, management should:

Use a checklist of initiatives to make sure all the elements of a strong tone at the top are in place
Create an environment in which employees feel safe challenging management's decisions
implement two separate sets of ethics policies, one for management and one for employees
All of the above

Answer(s): B

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