CFE-Fraud-Prevention-and-Deterrence Exam Dumps - Certified Fraud Examiner - Fraud Prevention and Deterrence Exam

ArtisanWare only needs to undertake due diligence procedures if EFG conducts business in countries with known corruption risks.

ArtisanWare does not need to take any specific procedures to verify EFG's identity before accepting the transaction.

ArtisanWare should perform the same level of due diligence as it would for any other customer to avoid claims of discrimination.

ArtisanWare should examine EFG's net worth as part of deciding whether to allow the purchase on credit.

Evaluating the organization's structures and process for fraud risk governance.

Issuing a report asserting that the organization's financial statements do not contain material misstatements caused by fraud.

Overseeing management's actions to manage fraud risks.

Reporting to regulators regarding the entity's vulnerability to fraud.

The more personalized the communication, the more effective it will be in encouraging employees to participate

The communication should be made in a format mat is most appropriate for the culture of the organization

The communication should be visibly disseminated throughout the business

All of the above

Use a checklist of initiatives to ensure that all the elements of a strong corporate culture are in place.

Require senior leaders to follow the same ethics policies that are in place for all staff-level employees.

Discourage employees from questioning their immediate supervisor's actions or decisions if they have concerns.

Discipline any employees who publicly express their frustration regarding organizational policies.

Control activities

Ethical culture

Risk assessment

Monitoring

Fraud audit procedures should be designed to incorporate an element of surprise

Analytical review of the financial statements is best used to uncover small frauds that might be missed by other detection methods

Fraud assessment questioning techniques are most appropriately used as part of the normal audit process

Implementing proactive fraud audit procedures demonstrates management's intention to aggressively look for possible fraudulent conduct

The program must include mechanisms to monitor and identify breaches in compliance.

The responsibility of handling suspected incidents of noncompliance should be delegated to someone outside of the company.

Formal sanctions for intentional noncompliance should be well-publicized throughout the company

There should be measures in place to address failures in the design or operation of anti-fraud controls, as well as fraud occurrences

When verifying past employment, management should only ask previous employers to verify the candidate's previous position and dates of employment.

If a background check was conducted on an employee at the time of hire, then there is no need for management to conduct additional background checks on that employee during their employment.

As part of the screening process, management should contact the personal and professional references provided by the job candidate only if they are unsure whether the candidate is being honest.

Management should perform a background check on any candidate who will have access to cash, checks, credit card numbers, or other items that are easily stolen.