Free ACFE CFE-Fraud-Prevention Practice Test & Real Exam Questions

Exam Code/Number: CFE-Fraud-Prevention
Exam Name/Title: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
Certification Provider: ACFE
Corresponding Certification: Certified Fraud Examiner

Exam Questions: 286
Updated On: Jul 07, 2026

Question #64

Which of the following is TRUE regarding G20/OECD Principles of Corporate Governance (the Principles)?

A. The Principles state that an entity's corporate governance framework should discourage active cooperation between corporations and stakeholders in creating wealth.

B. The Principles are intended to be applicable in developed economies but not in emerging markets.

C. The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them

D. The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders.

Discussion 0

Correct Answer: D Vote an answer

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Question #65

Which of the following is NOT an effective way to help prevent fraud through the organization's performance measurement and management programs?

A. Tying employee compensation to reasonable organizational performance goals

B. Providing regular training to ensure that all employees are sufficiently prepared to perform their tasks

C. Establishing loosely defined job descriptions that allow employees flexibility in their roles

D. Including ethics-based metrics as a component of performance evaluations

Discussion 0

Correct Answer: B Vote an answer

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Question #66

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 structured and comprehensive.

C. The program is integrated into only high-risk organizational activities.

D. The program is customized and proportionate to the organization's operations and objectives.

Discussion 0

Correct Answer: C Vote an answer

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Question #67

Fraud risks related to corruption include:

A. Espionage by competitors

B. Payment of bribes to procure business

C. Reporting revenue in the wrong accounting period

D. Fraudulent customer payments

Discussion 0

Correct Answer: B Vote an answer

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Question #68

Which of the following choices is an example of an anti-fraud control that is primarily preventive in nature?

A. Continuous audit techniques

B. Proactive data analysis techniques

C. Employee background checks

D. Whistleblower hotline

Discussion 0

Correct Answer: C Vote an answer

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Question #69

The Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management--Integrating with Strategy and Performance defines what as `the continual iterative process of obtaining information and sharing it throughout the entity'?

A. Performance

B. Governance and culture

C. Strategy and objective-setting

D. Information, communication, and reporting

Discussion 0

Correct Answer: D Vote an answer

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Question #70

Hart, Inc. hired Kathleen, a risk management expert, to design a risk management program for the organization. Kathleen should focus on balancing which of the following two factors when creating the program?

A. The organization's internal controls and its financial reporting model.

B. The organization's objectives and available resources.

C. Management's risk appetite and the organization's ability to meet its objectives.

D. Management's risk appetite and relevant regulatory requirements.

Discussion 0

Correct Answer: C Vote an answer

Question #71

According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:

A. The economy's increased reliance on credit

B. The increased constraints of the regulatory environment for businesses

C. The continued pressures of a culture that rewards affluence and success

D. The increased opportunity for wrongdoing as a result of advancing information technologies

Discussion 0

Correct Answer: B Vote an answer

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Question #72

A fraud examiner is preparing a report. Which action would violate professional standards?

A. Identifying control weaknesses observed during the examination

B. Expressing an opinion that a suspect is guilty of fraud

C. Reporting conclusions supported by evidence

D. Recommending control improvements

Discussion 0

Correct Answer: B Vote an answer

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