CFE-Fraud-Prevention-and-Deterrence 試験問題を無料オンラインアクセス

ArtisanWare, Inc. is a retailer of high-end kitchen supplies. The company receives a very large order from EFG Company, a new customer in a different country that wants to pay on credit. Which of the following is MOST ACCURATE regarding the due diligence procedures that ArtisanWare should perform on EFG before proceeding with this transaction?

• A.ArtisanWare only needs to undertake due diligence procedures if EFG conducts business in countries with known corruption risks.
• B.ArtisanWare should examine EFG's net worth as part of deciding whether to allow the purchase on credit.
• C.ArtisanWare should perform the same level of due diligence as it would for any other customer to avoid claims of discrimination.
• D.ArtisanWare does not need to take any specific procedures to verify EFG's identity before accepting the transaction.

Luis, the internal audit manager for Oak Corporation, is working to formally incorporate the company's fraud risk assessment into its audit process. Which of the following is NOT a way that Oak's audit team should use the fraud risk assessment process and results as part of their audits?

• A.To validate whether the organization is appropriately managing moderate-to-high fraud risks.
• B.To design audit tests to evaluate whether fraud risk controls are operating effectively.
• C.To confirm whether there is conclusive evidence that fraud is occurring within the company.
• D.To inform the development of audit programs for areas that have been identified as having a high risk of fraud.

Which of the following is a TRUE statement regarding fraud risks?

• A.The objective of anti-fraud controls is to reduce the residual fraud risk to a level that is significantly lower than the inherent fraud risk.
• B.The objective of anti-fraud controls is to completely eliminate the inherent fraud risk.
• C.Inherent risks are risks that remain after efforts are made to mitigate fraud risk.
• D.Residual risks are risks that are present before the effect of internal controls.

Which of the following choices is an example of an anti-fraud control that is primarily preventive in nature?

• A.Proactive data analysis techniques
• B.Continuous audit techniques
• C.Employee background checks
• D.Whistleblower hotline

Sycamore Inc. has a simple organizational structure with few specialized departments. The structure of Sycamore Inc. increases the likelihood that fraud will go undetected within the organization.

• A.False
• B.True