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

 Government Auditors' Responsibilities:

Reporting requirements vary depending on jurisdictional laws, regulations, and the specific audit mandates under which the government auditors operate.

Some jurisdictions require direct reporting to oversight agencies, while others may mandate internal reporting within the organization.

 Why D is Correct:

Government auditors' reporting responsibilities are not uniform globally and are tailored to the legislative frameworks of their jurisdictions and the purpose of the audit.

 Why Other Options are Incorrect:

A:Reporting requirements are not uniform for all government auditors.

B:Legal prohibitions on external reporting are uncommon but may vary by jurisdiction.

C:Private and public sector reporting standards differ significantly​​.

 Theory of Differential Association:

This theory suggests that criminal behavior is learned through interaction with others, primarily within intimate groups.

Principles of the theory include:

Learning through communication.

Acquiring criminal knowledge similarly to other forms of learning.

 Why A is Incorrect:

General needs and values, such as poverty or desire for wealth, do not directly explain criminal behavior under this theory. Instead, the behavior is attributed to learned influences from others.

 Clarification of Other Options:

B, C, and D accurately reflect the principles of differential association​​.

Risk assessment is a core component of the COSO Framework and focuses on identifying, analyzing, and evaluating risks that could affect the organization's objectives. Andrew's initiative to evaluate threats aligns with this component, as it involves understanding the potential risks and their impact on achieving the organization's goals.

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