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ACFE CFE-Fraud-Prevention

CFE-Fraud-Prevention

Exam Code: CFE-Fraud-Prevention

Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam

Updated: Jun 18, 2026

Q & A: 286 Questions and Answers

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

1. During the course of a fraud examination. While, an employee of the ABC Corp.. approaches Blue, a Certified Fraud Examiner (CFE), and tells Blue that she wishes to furnish information in confidence.
Blue also is employed by the ABC Corp. Blue should:

A) Tell White that she will try to keep the information as confidential as possible
B) Agree that the information will be held in confidence, even though Blue knows it will not be
C) Not agree to the request for confidentiality
D) Take White's request straight to ABC Corp.'s management


2. Which principle of corporate governance pertains to the disclosure of all material matters that the shareholders need to make timely and informed decisions regarding their investment in the company?

A) Responsibility
B) Fairness
C) Accountability
D) Transparency


3. Which of the following is a best practice when assembling a fraud risk assessment team?

A) The size of the team should be limited to four individuals.
B) Team members should all have similar skills and perspectives.
C) Team members should have experience in eliciting information.
D) The team should include only external sources.


4. Which of the following Is TRUE regarding an organization's ethics program?

A) An effective written ethics policy alone is sufficient to communicate management's ethical philosophy and serve as a comprehensive ethics program
B) To be most effective, access to the organization's ethics policy should be restricted to employees and other Internal parties only
C) In designing the ethics program, management should consider whether the organization currently has any ethical leadership Issues
D) All of the above


5. A company's anti-fraud controls are well designed, but management rarely enforces them and routinely ignores policy violations. Which statement is MOST accurate?

A) Fraud risk remains low because the controls exist
B) Fraud risk increases because control enforcement is weak
C) The controls automatically compensate for management behavior
D) Fraud risk depends only on employee ethics


Solutions:

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

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