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ACFE CFE-Fraud-Prevention Exam Overview:

Certification Vendor:ACFE
Exam Name:Fraud Prevention and Deterrence Exam (CFE Exam Section)
Exam Number:CFE-Fraud-Prevention
Certificate Validity Period:No fixed expiration; certification must be maintained through ongoing CPE requirements
Exam Format:Multiple Choice
Available Languages:English
Exam Duration:120 minutes
Related Certifications:Certified Fraud Examiner (CFE)
Real Exam Qty:100
Passing Score:75%
Recommended Training:ACFE Training and Education Resources
Exam Registration:ACFE Certified Fraud Examiner Certification Overview
Sample Questions:ACFE CFE-Fraud-Prevention Sample Questions
Exam Way:Computer-based exam (proctored online or at authorized testing centers)
Pre Condition:Eligibility requirements for the CFE credential apply (education and/or work experience as defined by ACFE), but no prerequisite exam is required for this section.
Official Syllabus URL:https://www.acfe.com/

ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Fraud Prevention and Deterrence25%- Fraud risk governance and organizational culture
- Fraud risk assessment
- Fraud prevention programs and frameworks
- Anti-fraud policies and procedures
- Internal control systems and evaluation
- Monitoring, auditing, and continuous improvement
- Whistleblowing and reporting mechanisms
- Fraud deterrence strategies and controls
- Ethics and corporate governance

ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:

1. Who is ultimately responsible for responding appropriately to instances of fraud within an organization?

A) Internal auditors
B) The audit committee
C) General counsel
D) Management


2. Which of the following Is TRUE regarding the reporting of the fraud risk assessment results?

A) The fraud risk assessment report should contain a detailed, comprehensive list of every assessment finding
B) The fraud risk assessment report should be delivered in a style most suited to the language of the business
C) A fraud risk assessment report should reflect the assessment team's subjective perspective regarding the risks identified
D) All of the above


3. Maria, a Certified Fraud Examiner (CFE), is conducting a fraud risk assessment for a company where her brother serves as the Chief Financial Officer. Maria believes she can remain impartial.
What should she do?

A) Continue the assessment because no actual fraud has been identified
B) Continue the assessment but avoid reviewing financial controls
C) Disclose the relationship and remove herself from the engagement if independence could reasonably be questioned
D) Continue the assessment if the board verbally approves


4. While, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination She did not find fraud, but. In White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud Under the ACFE Code of Professional Ethics.
White may include her opinion on the controls in her report to management.

A) True
B) False


5. According to ACFE research, which of the following is TRUE?

A) An unwillingness to share duties is the most reported red flag displayed by fraud perpetrators prior to the detection of their crime.
B) Most fraudsters have previous criminal convictions for fraud-related offenses.
C) Men commit significantly more frauds than women do.
D) Frauds committed by staff-level employees cause higher median losses than those committed by owners and executives.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: A

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