CFE EXAMPREP CERTIFICATION
EVALUATION EXAM QUESTIONS AND
ANSWERS 2026
◉ In the context of a fraud examination, a mindset of professional
skepticism means:
A. The fraud examiner's professional skepticism can be dispelled
only by evidence
B. Fraud examiners should relax their attitude of skepticism only
when the evidence shows no signs of fraud
C. Fraud examiners should always begin their assignments with the
belief that something is amiss
D. All of the above
Answer: All the above
◉ ______________ is a process aimed at proactively identifying and
addressing an organization's vulnerabilities to internal and external
fraud.
A. A management ethics assessment
B. A fraud risk assessment
, C. An internal control audit
D. A fraud examination
Answer: Fraud risk assessment
◉ The risk that an organization might be victimized by an individual
who is able to combine the three elements of the Fraud Triangle is
called _______________.
A. Environmental risk
B. Audit risk
C. Insider risk
D. Fraud risk
Answer: Fraud risk
◉ According to COSO, _________ is the culture, capabilities, and
practices, integrated with strategy-setting and its performance, that
organizations rely on to manage risk in creating, preserving, and
realizing value.
A. Fraud prevention
B. Corporate governance
C. Internal control
D. Enterprise risk management
EVALUATION EXAM QUESTIONS AND
ANSWERS 2026
◉ In the context of a fraud examination, a mindset of professional
skepticism means:
A. The fraud examiner's professional skepticism can be dispelled
only by evidence
B. Fraud examiners should relax their attitude of skepticism only
when the evidence shows no signs of fraud
C. Fraud examiners should always begin their assignments with the
belief that something is amiss
D. All of the above
Answer: All the above
◉ ______________ is a process aimed at proactively identifying and
addressing an organization's vulnerabilities to internal and external
fraud.
A. A management ethics assessment
B. A fraud risk assessment
, C. An internal control audit
D. A fraud examination
Answer: Fraud risk assessment
◉ The risk that an organization might be victimized by an individual
who is able to combine the three elements of the Fraud Triangle is
called _______________.
A. Environmental risk
B. Audit risk
C. Insider risk
D. Fraud risk
Answer: Fraud risk
◉ According to COSO, _________ is the culture, capabilities, and
practices, integrated with strategy-setting and its performance, that
organizations rely on to manage risk in creating, preserving, and
realizing value.
A. Fraud prevention
B. Corporate governance
C. Internal control
D. Enterprise risk management
