ACFE Updated CFE-Fraud-Prevention-and-Deterrence Exam Questions and Answers by lauren

Mary should inform employees that the names of all individuals who report misconduct will be shared with the organization's governing body and law enforcement.

Mary should inform employees that they are required to report any information about potential fraud directly and only to their immediate supervisor.

Mary should inform employees of the precise methods for reporting potential fraud, such as completing an online form.

Mary should inform employees that they will be held accountable for reporting tips that cannot be verified.

Identity theft is both the most common and costliest category of occupational fraud.

Asset misappropriation schemes are the most common category of occupational fraud.

Corruption schemes are the costliest category of occupational fraud.

Financial statement fraud schemes are the most common category of occupational fraud.

Executive failures

Excessive regulatory requirements

Profit pressure

Unethical corporate culture

An ability to analyze situations where no professional rules are specifically applicable and determine right from wrong

Subordination of desires for personal gain to the interests of clients, employers, and the public

Independence of mental attitude

Avoidance of differences of opinion