Which of the following is FALSE regarding the fraud risk assessment team?A . The team members should have experience in gathering and eliciting informationB . The team size should be limited to a maximum of...
Which of the following statements regarding document retention policies (DRPs) is TRUE?A . Document retention policies do not need to include protocols for preserving electronic documents as most IT systems automatically preserve copies of such...
According to International Auditing Standard (ISA) 240. the two types of intentional financial statement misstatements that are relevant to the auditor areA . Misstatements resulting from fraudulent financial reporting and misstatements resulting from misappropriation of...
Which of the following is NOT considered a conflict of interest that is prohibited under the ACFE Code of Professional Ethics?A . Undertaking an engagement that decreases the fraud examiner's ability to perform their duties...
Criminologist Charles McCaghy has slated that profit pressure is the single most compelling factor behind deviance by organizationsA . TrueB . FalseView AnswerAnswer: A
Which of the following is NOT explicitly prohibited by the ACFE Code of Professional Ethics?A . Participating in an activity where there is an undisclosed conflict of interestB . Engaging in behavior that is against...
A report by a fraud examiner is privileged from disclosure by anyone other than the clientA . TrueB . FalseView AnswerAnswer: A
International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the prevention and detection of fraud within an organizationA . TrueB . FalseView AnswerAnswer: B
In response to a risk identified during a fraud risk assessment, management decides to purchase fidelity insurance to help protect the company against the associated risk of loss This response is known as:A . Mitigating...
Which of the following is FALSE regarding G20/OECD Principles of Corporate Governance (the Principles)?A . The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholdersB . The Principles...