Graphic Design Study Guide Types Principles & Professional Responsibilities ODS EXAM STUDY GUIDE 2026/2027 COMPLETE QUESTIONS WITH VERIFIED CORRECT ANSWERS || 100% GUARANTEED PASS NEWEST VERSION

Graphic Design Study Guide Types Principles & Professional Responsibilities ODS EXAM STUDY GUIDE 2026/2027 COMPLETE QUESTIONS WITH VERIFIED CORRECT ANSWERS || 100% GUARANTEED PASS NEWEST VERSION Which of the following statements is true regarding the disclosure of confidential client information? - ANSWERA fraud examiner can reveal confidential client information when responding to a legal court order. Craig and Donna each own 40 percent of the shares of Indiewealth and serve on its board of directors. George is also a shareholder, but he is not a member of the board of directors. Donna dies, and her son, Steven, inherits her shares of Indiewealth and replaces her on the board. Steven, however, is inattentive to Indiewealth's corporate affairs. During this time, Craig diverts corporate funds for personal use, and consequently, Indiewealth becomes insolvent. If George decides to sue Steven for violating his fiduciary duties, under what theory is he likely to file the suit? - ANSWERViolating the duty of care. As per ACFE Standards of Professional Conduct, the principle of ________ require a member not to commit discreditable acts and to always conduct themselves in the best interests of the profession. - ANSWERintegrity and objectivity In the context of a fraud examination, a mindset of professional skepticism means: - ANSWERa. The fraud examiner's professional skepticism can be dispelled only by evidence. b. Fraud examiners should always begin their assignments with the belief that something is amiss. c. All of these answers are correct. d. Fraud examiners should relax their attitude of skepticism only when the evidence shows no signs of fraud. In considering general ethics, a person's primary goal is to arrive at a set of acceptable methods for making ethical decisions to fulfill all his roles. - ANSWERTrue Bryan, a CFE, locks the door to the interview room and refuses to allow the suspect to leave despite repeated requests. Later, the suspect sues (successfully), claiming that he was falsely imprisoned. Which of the following statements is true? - ANSWERThis conduct would be a violation of the ACFE Code of Professional Ethics. Which of the following statements is true of characteristics of a profession? - ANSWERIt is organized into associations and there are specific requirements for admission into such associations and maintenance of membership. Lee, a Certified Fraud Examiner, was hired to investigate a company. After he carefully examined the company, he issued a report that stated, in part, "... in my opinion, this operation is free of material fraud." Such an opinion is permitted under the ACFE Code of Professional Ethics. - ANSWERFalse To be considered a profession, a field such as fraud examination must have a body of knowledge unique to itself. - ANSWERFalse The duty of loyalty means that people in a fiduciary relationship must act with such care as an ordinarily prudent person would employ in similar positions. - ANSWERFalse Leo, a Certified Fraud Examiner, conducted a fraud examination at Blue Corp. Anna was a prime suspect in the disappearance of money, but Leo could not prove it. Later, Leo discovered Anna had been recently hired by Red Corp., another client of his. Under the ACFE Code of Professional Ethics, Leo must: - ANSWERNot inform Red Corp. To be in compliance with the ACFE Code of Professional Ethics, fraud examiners must have an expert level of skill and knowledge for every circumstance that might be encountered in a fraud examination. - ANSWERFalse During a fraud examination, John, a CFE, becomes aware of a situation that might appear to others as though he has a conflict of interest, even though there is no actual conflict. To address the situation, John's best course of action is to: - ANSWERImmediately disclose the situation to company management. In general, the lowest level of reference for making moral decisions is: - ANSWERThe Law Which of the following is an example of a violation of the ACFE Code of Professional Ethics' requirement for diligent, professional behavior? - ANSWERSkipping vital investigation steps to improve the efficiency of a fraud examination. A professional association enjoys a high level of public trust and confidence even though it can never be legalized. - ANSWERFalse During an admission-seeking interview of a fraud suspect, Gary, a Certified Fraud Examiner, accuses the suspect of having committed a fraud. Gary's accusation violates the ACFE Code of Professional Ethics. - ANSWERFalse In the context of fraud examination, integrity requires: - ANSWERa. An ability to analyze situations where no professional rules are specifically applicable and determine right from wrong. b. All of these answers are correct. c. Independence of mental attitude and avoidance of conflicts of interest. d. Subordination of desires for personal gain to the interests of clients, employers, and the public. The function of ethical principles is to provide individuals with a straightforward means to determine the answer to any problem they face. - ANSWERFalse The ACFE Code of Professional Ethics contains sections covering which of the following? - ANSWERa. All of these answers are correct. b. Professional improvement. c. Basis for opinions. d. Confidential information.