Vendor: ACFE
Exam Code: CFE-FRAUD-PREVENTION-AND-DETERRENCE
Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence
Certification: ACFE Certifications
Total Questions: 100 Q&A
Updated on: Jun 17, 2026
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Which of the following statements about the fraud risk assessment process is MOST ACCURATE"?
A. To ensure the independence of the team members a fraud risk assessment must be conducted by a consultant or other external party.
B. The assessment team must be perceived as independent and objective by others for the assessment to be effective
C. If the individuals conducting the fraud risk assessment truly believe that fraud could not happen at the organization the assessment process should reflect that belief.
D. The fraud risk assessment is most effective when management s influence on the process is limited.
Which of the following is NOT a way that an organization's fraud risk assessment should be incorporated into the audit process''
A. It should be used to replace the auditor's own identification and assessment of fraud risks.
B. It should be used to assess whether there is a moderate-to-high risk of management override of internal controls within the moderate-to-high fraud risk areas
C. It should be used to increase awareness in the development of audit programs for areas that have been identified as having a moderate-to-high risk of fraud.
D. It should be used to design audit tests to evaluate whether the controls are operating effectively
In developing a corporate governance framework for an organization, directors and management must consider which of the following?
A. The organization s cultural environment
B. The organization s legal and regulatory environment
C. The organization s ethical environment
D. All of the above
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