ACFE Fraud Prevention & Deterrence

Question 1

What is the main goal of fraud prevention programs?

Accepted Answer

To deter and reduce opportunities for fraud

Answer

To encourage anonymous behavior.

Answer

To monitor employee vacation time.

Answer

To eliminate internal audits.

Question 2

Which internal control is most effective against fraud?

Accepted Answer

Segregation of duties

Answer

Management override.

Answer

Single-employee oversight.

Answer

Unmonitored bonuses.

Question 3

Why is ethical culture important in fraud deterrence?

Accepted Answer

It encourages transparency and integrity

Answer

It promotes secrecy.

Answer

It reduces employee morale.

Answer

It complicates policy writing.

Question 4

What is a fraud risk assessment?

Accepted Answer

An analysis of fraud vulnerabilities

Answer

A physical fitness evaluation.

Answer

An employee survey on job satisfaction.

Answer

A legal court report.

Question 5

Which type of training helps prevent fraud?

Accepted Answer

Fraud awareness training

Answer

Sales pitching training.

Answer

Conflict negotiation workshops.

Answer

Public speaking classes.

Question 6

What is a common deterrent used by organizations?

Accepted Answer

Anonymous tip hotlines

Answer

Social media posts.

Answer

Unmonitored forums.

Answer

Community outreach events.

Question 7

Why should management set the tone at the top?

Accepted Answer

To set ethical standards for all employees

Answer

To prioritize sales over integrity.

Answer

To control hiring processes.

Answer

To enforce cost-cutting policies.

Question 8

How does job rotation deter fraud?

Accepted Answer

It prevents employees from establishing schemes

Answer

It causes confusion in the workplace.

Answer

It eliminates vacation needs.

Answer

It reduces productivity.

Question 9

What is the fraud triangle?

Accepted Answer

A model explaining fraud risk factors

Answer

A geometric auditing tool.

Answer

An IRS regulation.

Answer

An inventory management method.