ACFE Fraud Prevention & Deterrence 2

Question 1

According to ACFE research, what percentage of occupational fraud cases are detected through tips?

Accepted Answer

About 43%

Answer

ACFE's Report to the Nations consistently shows that tips are the most common detection method, accounting for roughly 43% of cases.

Question 2

Which element is considered the most cost-effective fraud deterrent in an organization?

Accepted Answer

Strong internal controls

Answer

Strong internal controls are considered the most cost-effective deterrent because they proactively prevent fraud rather than detect it after the fact.

Question 3

What is the primary purpose of a fraud risk assessment?

Accepted Answer

To identify and prioritize fraud vulnerabilities

Answer

A fraud risk assessment identifies where an organization is vulnerable to fraud so resources can be prioritized to address the highest-risk areas.

Question 4

The 'fraud triangle' concept was developed primarily by which researcher?

Accepted Answer

Donald Cressey

Answer

Donald Cressey developed the fraud triangle model based on his research into embezzlers, identifying pressure, opportunity, and rationalization as the three elements.

Question 5

Which component of an ethics program is MOST critical for setting the right organizational culture?

Accepted Answer

Tone at the top from leadership

Answer

Tone at the top—the ethical example set by senior management—is widely considered the most critical factor in establishing an anti-fraud culture.

(ACFE) Association of Certified Fraud Examiners Practice Test

(ACFE) Association of Certified Fraud Examiners Practice Test

ACFE Fraud Prevention & Deterrence 2