ACFE CFE-Fraud-Prevention-and-Deterrence Quiz 5 Topic 2 Questions 21-25

Question: 1

Which of the following statements regarding white-collar defendants is TRUE?

AThe lower the offenders' social status, the more likely they are to be imprisoned

BThey are more likely to be fined than to face prison terms as punishment

CThey are less likely to insist on a trial than other offenders

DAll of the above

Show Answer

Question: 2

International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the prevention and detection of fraud within an organization

ATrue

BFalse

Show Answer

Question: 3

White, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. She did not find fraud, but. in White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud. Under the ACFE Code of Professional Ethics. White may include her opinion on the controls in her report to management

ATrue

BFalse

Show Answer

Question: 4

According to The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing, which of the following should the internal audit team evaluate in its assessment of the risk management process?

AThe materiality of the organization s financial statements

BThe organization s fraud risk management initiatives

CThe management team's assessment of the internal controls over financial reporting

DThe organization s risk exposures relating to the sale of assets

Show Answer

Question: 5

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

AEvent avoidance

BCompliance

CRisk tolerance

DReview and revision

Show Answer

ACFE CFE-Fraud-Prevention-and-Deterrence Quiz:5 Topic:2 Questions:21-25