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Q: 11
[Ethical Responsibilities of the Fraud Examiner] Maria conducted a fraud examination that led to a valid confession of guilt from Rit a. In Maria's verbal report to her superiors, she stated that, in her opinion. "Rita is guilty of embezzlement." Maria has just violated the ACFE Code of Professional Ethics.
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Q: 12
[Fraud Prevention] Formally documenting and communicating organizational hierarchies, including the proper flow of information, can hinder an organization's fraud prevention initiatives.
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Q: 13
[Fraud Risk Management] Sycamore Inc. has a simple organizational structure with few specialized departments. The structure of Sycamore Inc. increases the likelihood that fraud will go undetected within the organization.
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Q: 14
[Fraud Deterrence] In the area of criminological theory, compliance is the theory that tries to prevent crime by providing economic incentives for voluntary conformity to the laws and using administrative efforts to control violations before they occur.
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Q: 15
[Fraud Risk Management] International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the establishment of anti-fraud internal controls within an organization.
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Q: 16
[Fraud Risk Management] Employees should be kept unaware that management is watching for lifestyle and behavior changes In staff members that might indicate fraud.
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Q: 17
[Fraud Risk Management] For Its compliance program to be effective, an organization must perform procedures to ensure management hires only ethical Individuals who exercise a substantial measure of discretion In acting on the organization's behalf
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Q: 18
[Fraud Risk Management] Reputational damage is an indirect cost of fraud that can be difficult for organizations to calculate.
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Q: 19
[Fraud Deterrence] Susannah Is conducting an external audit of a company In a jurisdiction that is subject to International Standards on Auditing (ISAs). While undertaking her audit procedures, she discovers evidence that senior management has been fraudulently manipulating the financial statements. Which of the following is Susannah's BEST response to these findings?
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Q: 20
[Fraud Risk Management] During a fraud risk assessment, the assessment team determines that it would like to observe the interactions among several employees as they collectively discuss the organization's current fraud awareness training. Which of the following techniques would be MOST HELPFUL for the team to use in gathering this information?
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Question 11 of 20 · Page 2 / 2

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