Updated: Jun 15, 2026
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1. Which of the following mechanisms can help alleviate the pressure on employees to commit fraud?
A) Background check policies
B) Employee monitoring software
C) Employee support programs
D) Discipline policies
2. Which of the following is TRUE regarding the G20/OECD Principles of Corporate Governance?
A) They are required to be implemented by all corporations in the jurisdictions that have officially adopted them.
B) They assert that a corporate governance framework should ensure that the treatment of shareholders differs based on the class of stock they own.
C) They state that a corporate governance framework should promote transparent and fair markets and the efficient allocation of resources.
D) They are intended to be applicable in emerging markets but not in developed economies.
3. Gray, an independent Certified Fraud Examiner (CFE), was hired by Green, president of the ABC Corporation, to investigate allegations that one of ABC's employees is taking kickbacks. During the investigation. Gray teams that Green is involved in an unrelated fraud. Under the ACFE Code of Professional Ethics. Gray should:
A) Report Green to law enforcement
B) Resign from the engagement
C) Not disclose the information about Green.
D) Tell the company's board of directors about Green.
4. Joanna 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 Joanna's plans?
A) The fraud risk assessment can be conducted effectively by people inside or outside of the organization.
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) If the individuals conducting the fraud risk assessment believe that fraud could not happen within the organization, then the assessment process should reflect that belief.
5. According to International Organization for Standardization (ISO) 31000:2018, an effective and efficient risk management program contains all of the following principles EXCEPT:
A) The program is based upon the best available information.
B) The program is integrated into only high-risk organizational activities.
C) The program is customized and proportionate to the organization's operations and objectives.
D) The program is structured and comprehensive.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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