ACFE Corruption and Bribery Schemes 3

Question 1

Which of the following is the most common organizational control for preventing conflicts of interest?

Accepted Answer

Annual conflict of interest disclosure policy and certification

Answer

Mandatory job rotation every six months

Answer

Dual-signature requirements on all disbursements

Answer

External audit of all vendor contracts

Question 2

A certified fraud examiner discovers that a purchasing manager awarded a contract to a company owned by their spouse. This is best classified as:

Accepted Answer

A conflict of interest

Answer

A false invoice scheme

Answer

A check tampering scheme

Answer

A skimming scheme

Question 3

Which of the following would be a red flag suggesting an employee is receiving bribes from a vendor?

Accepted Answer

The employee's lifestyle noticeably exceeds their known salary

Answer

The employee takes all of their allotted vacation time

Answer

The employee frequently requests internal audit reviews

Answer

The employee has been with the company for over ten years

Question 4

The FCPA applies to which of the following entities?

Accepted Answer

US issuers, domestic concerns, and certain foreign persons acting within the US

Answer

Only US government contractors

Answer

Only publicly traded Fortune 500 companies

Answer

Only multinational corporations with revenues exceeding $1 billion

Question 5

Which data analytics test is most useful for identifying fictitious vendors used in a corruption scheme?

Accepted Answer

Searching for vendors with PO boxes or incomplete addresses lacking phone numbers

Answer

Recalculating depreciation on fixed assets

Answer

Reconciling payroll deductions to HR records

Answer

Tracing cash receipts to bank deposit slips

Question 6

Which international anti-corruption framework requires companies to conduct due diligence on third-party agents to avoid liability for bribery committed on their behalf?

Accepted Answer

UK Bribery Act 2010

Answer

US Sherman Antitrust Act

Answer

Sarbanes-Oxley Act Section 302

Answer

US Dodd-Frank whistleblower provisions