Free Practice ACFE CFE-Fraud-Prevention-and-Deterrence Exam Questions 2025

Stay ahead with 100% Free Certified Fraud Examiner - Fraud Prevention and Deterrence CFE-Fraud-Prevention-and-Deterrence Dumps Practice Questions

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Total 317 Questions | Updated On: Apr 23, 2025

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Question 1

Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management---Integrating with Strategy and Performance?

A : Event avoidance

B : Risk tolerance

C : Compliance

D : Review and revision

Answer: C

Question 2

According to professional auditing standards, auditors should do which of the following as part of addressing the assessed risks of material misstatement due to fraud in the financial statements?

A : Incorporate an element of predictability in the selection of auditing procedures to be performed

B : Consider the knowledge, skill, and ability levels of the individuals who are assigned significant audit responsibilities

C : Disregard the entity's selection and application of accounting policies concerning complex transactions

D : All of the above

Answer: B

Question 3

Which of the following statements about the fraud risk assessment process Is MOST ACCURATE?

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

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

C : 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.

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

Answer: D

Question 4

Does having only one warehouse always result in the lowest total cost?

A : Yes, because the operation cost for warehouse reaches minimal level

B : No, fewer warehouse may lead to increasing transport costs

C : Yes, because warehouse overheads are fully utilised

D : No, more warehouses will reduce the cost of storage

Answer: B

Question 5

A group of items which are stacked together for more convenient movement is called...?

A : Unit price

B : Unit load

C : Load cell

D : Stacker

Answer: B

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Total 317 Questions | Updated On: Apr 23, 2025

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