Fraud examination acfe - Study guides, Class notes & Summaries

T/F: at the conclusion of a fraud examination, an ACFE member should express an opinion on the guilt or innocence of the persons or parties under investigation - False T/F: the CFE Code of Professional Standards apply to all members of the ACFE - False - only certified members not associate T/F: Where a conflict of interest exists and is disclosed to all parties, an ACFE member should remove themselves from the engagement out of an abundance of caution even if all parties have given their ...

ACFE Questions and Answers Already Passed Examples of electronic funds transfers include all of the following, except: Check kiting Advantages of electronic payments include all the following, except: Eliminates payment fraud The elderly are often targets of telemarketing schemes for all of the following reasons, except: They are not as intelligent as younger people An illegal business practice in which new investors' money is used to make payments to earlier investors is call...

Certified Fraud Examiner (CFE) set 1 from ACFE Rated A+ According to The Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing, due professional care implies infallibility. A. True B. False ️False Which of the following is TRUE regarding organizational structure? A. Companies with departments that are isolated geographically have a reduced risk of fraud B. The existence of many specialized departments within a company genera...

_______ is the set of circumstances that would lead a prudent and reasonable person to believe that a fraud has occurred, is occurring, or will occur. a. Suspicion b. Guilt c. Predication d. Predilection e. Premonition - ANSWER-Predication In a typical fraud examination, which of the following should be interviewed last? a. Co-conspirators. b. The accused person. c. Neutral third-party witnesses. d. Corroborative witnesses. - ANSWER-The accused person The purpose of ______ is to g...

During an admission-seeking interview of a fraud suspect, Gary, a Certified Fraud Examiner (CFE), accuses the suspect of having committed a fraud. Gary's accusation violates the ACFE Code of Professional Ethics. T/F - false Under the ACFE Code of Professional Ethics, information provided to a fraud examiner by a client is considered privileged information and is therefore protected from being legally demanded by outside parties. T/F - false Bryan, a Certified Fraud Examiner (CFE), locks...

Time - answer-Forensic accounting focuses on the past, although it may do so in order to look forward. What is forensic accounting's purpose? - answer-Forensic accounting is performed for a specific legal forum or in anticipation of presentation before a legal forum. Peremptory - answer-Forensic accountants may be employed in a wide variety of risk management engagements within business enterprise as a matter of right, without the necessity of allegations (e.g., proactive). Two Forensi...

This is Test Bank zip file. PDF file is giving error in upload, thats why zip file is added. Check Sample Preview: CHAPTER 1 Module 1 1. Which of the following is NOT one of the four essential elements of fraud under common law? A. A material false statement B. Reliance on the false statement by the victim C. Knowledge that the statement was false when it was spoken D. Use of email, wire, or telephone with a criminal intent to deceive 2. The “felonious stealing, taking and carrying...