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Question 1

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

Options :

A : Continuous audit techniques

B : Proactive data analysis techniques

C : Employee background checks

D : Whistleblower hotline

Answer: C

Question 2

Which of the following would speed up the pick-up process at a warehouse?

Options :

A : Use an unified barcode system for every item within the warehouse

B : Categorize the items based on their pick-up frequency

C : Narrow down the aisles to enlarge total storage area

D : Combine goods-in and goods-out areas into one place

Answer: B

Question 3

Fraud risks related to corruption include:

Options :

A : Reporting revenue in the wrong accounting period

B : Fraudulent customer payments

C : Espionage by competitors

D : Payment of bribes to procure business

Answer: D

Question 4

Employee anti-fraud education should:

Options :

A : Include descriptions of the procedures that management uses to detect fraud.

B : Include examples of prior employee misconduct and how those situations were handled.

C : Be restricted to formal educational mechanisms to reinforce the importance of the message.

D : Be presented by organizational executives or anti-fraud professionals only.

Answer: B

Question 5

Which of the following Is NOT Included In Ihe five fraud risk management principles described In Fraud Risk Management Guide, a joint publication by COSO and the ACFE?

Options :

A : Communicating the expectations of those governing the fraud risk management program

B : Performing comprehensive fraud risk assessments to identify specific fraud schemes

C : Deploying preventive and detective fraud control activities to mitigate fraud risk

D : Developing one-time evaluations for each fraud risk management principle

Answer: D