Free CFE-Fraud-Prevention-and-Deterrence – Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Practice Test Question

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  True

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  False

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  When verifying past employment, management should only ask previous employers to verify the dates the candidate was employed.

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  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.

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  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

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  As part of the screening process, management should contact the references provided by the job candidate.

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  True

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  False

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  True

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  False

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  Internal auditors

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  The compliance function

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  Management

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  External auditors

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  The fraud risk assessment can be effectively conducted by people inside or outside of the organization.

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  To ensure the independence of the team members, a fraud risk assessment must be conducted by a consultant or other external party.

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  If the individuals conducting the fraud risk assessment truly believe that fraud could not happen at the organization, then the assessment process should reflect that belief.

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  The fraud risk assessment is most effective when management's influence on the process is limited

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  Social control theory

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  Operant theory

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  Cognitive theory

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  Behavioral theory

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  An ability to analyze situations where no professional rules are specifically applicable and determine right from wrong

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  Subordination of desires for personal gain to the interests of clients, employers, and the public

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  Independence of mental attitude

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  Avoidance of differences of opinion

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  It replaces the need for individuals to consult their own conscience.

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  It facilitates practical enforcement and profession-wide Internal discipline.

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  It serves as a reference and benchmark for ethical guidance

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  It provides more direct solutions to professional ethical dilemmas than might exist under general ethical principles

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  Internal audit

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  Confession

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  Tips

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  External audit