Which of the following statements about the fraud risk assessment process Is MOST ACCURATE?

• A. The fraud risk assessment is most effective when management ' s influence on the process is limited
• B. The fraud risk assessment can be effectively conducted by people inside or outside of the organization.
• C. If the individuals conducting the fraud risk assessment truly believe that fraud could not happen at the organization, then the assessment process should reflect that belief.
• D. To ensure the independence of the team members, a fraud risk assessment must be conducted by a consultant or other external party.

Which of the following is the MOST EFFECTIVE way for management to respond to incidents of fraud within an organization?

• A. Punishing frauds only if they have a significant financial impact
• B. Maintaining a policy that allows employees one warning before they are terminated for committing fraud
• C. Keeping all known incidents of fraud private to protect the identities of parties involved
• D. Reporting known incidents of fraud to law enforcement

Which of the following Is NOT considered a conflict of Interest that Is prohibited under the ACFE Code of Professional Ethics?

• A. Accepting an assignment to assess red flags of fraud at an organization in which the fraud examiner is a partner, provided the fraud examiner ' s ownership interest is disclosed
• B. Accepting an assignment to secretly infiltrate the fraud examiner ' s employing organization and transmit inside information to another party
• C. Undertaking an engagement that decreases the fraud examiner ' s ability to perform their duties for their full-time employer
• D. Undertaking engagements for both sides in a case of an alleged product substitution scheme

(Andrea is leading the fraud risk assessment process for her organization. Which of the following considerations about the fraud risk assessment process is MOST ACCURATE and should be incorporated into Andrea's plans?)

• A. If the individuals conducting the fraud risk assessment believe that fraud could not happen at the organization, then the assessment process should reflect that belief.
• B. The fraud risk assessment is most effective when management's influence on the process is limited.
• C. To ensure the independence of the team members, a consultant or another external party must conduct the fraud risk assessment.
• D. Conducting an effective fraud risk assessment requires thinking like a fraudster.

Beezie, a Certified Fraud Examiner (CFE), took an introductory class in computer forensics. When a client thought there might be evidence of a crime on their computer, Beezie decided to conduct a forensic examination of the computer even though she had no experience or advanced training in this area. Which of the following is TRUE regarding Beezie ' s conduct?

• A. Beezie ' s conduct would not be a violation of the ACFE Code of Professional Ethics.
• B. Beezie ' s conduct would be a violation of the ACFE Code of Professional Ethics.
• C. Beezie ' s conduct would be a violation of the ACFE Code of Professional Ethics only if she did not find the fraudster.
• D. Beezie ' s conduct would be a violation of the ACFE Code of Professional Ethics only if she also violated the law.