Pass the ACFE Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence Questions and answers with ValidTests

Frauds committed by staff-level employees cause higher median losses than those committed by owners and executives.

Men and women commit similar amounts of occupational frauds.

Complaints about family problems is the most reported behavioral red flag displayed by fraud perpetrators.

Most employees who commit occupational fraud are first-time offenders.

Continuous audit techniques

Proactive data analysis techniques

Employee background checks

Whistleblower hotline

A code offers fewer and less direct solutions to professional ethical dilemmas than might exist under general ethical principles.

A code acts as a substitute for legal and regulatory requirements that apply to the profession.

A code provides answers to all ethical dilemmas that the organization's members might encounter.

A code facilitates practical enforcement and internal discipline throughout a profession.

Eliece should immediately contact management at Silver Inc. to provide information about her conversation with Jewel and her request for confidentiality.

Eliece should promise Jewel that she will keep the information confidential even though she knows that she will likely be unable to keep that promise.

Eliece should encourage Jewel to report the information to law enforcement because she cannot agree to Jewel’s request.

Eliece should tell Jewel that she will try to keep the information as confidential as possible but she might have an ethical obligation to inform their employer.

"How can I prevent someone from learning what I did?"

"How likely am I to be punished for this crime?"

"Will I lose my job if my actions are discovered?"

"What will my parents think if they find out?"

Emphasizing to all employees that the company maintains a policy of zero tolerance for fraud.

Keeping all known incidents of fraud private to protect the identities of parties involved.

Maintaining a policy that allows employees one warning before they are terminated for committing fraud

Punishing frauds only if they have a significant financial impact.

It functions as a reference and benchmark for ethical guidance.

It offers fewer and less direct solutions to professional ethical dilemmas than might exist under general ethical principles.

It acts as a substitute for legal and regulatory requirements that apply to the profession.

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

A fraud examiner's report is considered privileged information and is therefore protected from being legally demanded by outside parties.

A fraud examiner's report may be privileged from disclosure in certain circumstances, but it does not have an absolute legal privilege.

A fraud examiner's report is privileged from disclosure by anyone other than the client.

A fraud examiner's report is only privileged from disclosure if the author is also a professional legal advisor.

Positive reinforcement

Negative reinforcement

Punishment

None of the above

Harry should keep the communication private and only share it with executive management.

Harry's communication should encourage employees to participate in the assessment process.

Harry should find a generic template to use as the primary communication to the entire staff.

Harry's communication should be sent to the entire staff from his own email address.