Cfe-fraud-prevention-and Study guides, Class notes & Summaries

What did BF Skinner say is the least effective method of changing behavior? - Answer- Punishment because The behavior continues as soon as the punishment is discontinued How is behavior most effectively modified? - Answer- Managing and modifying desires through reinforcement (replacing destructive behaviors with productive ones) What are the two different types of reinforcement? - Answer- Positive and negative What is negative reinforcement? - Answer- With drawl a negative stimulus in e...

The fraud risk management program should include the formal procedures management takes in response to a fraud, such as punishing the perpetrator, remediating the control weaknesses that allowed the fraud to occur, and rebuilding stakeholders' confidence in the organization. - Answer- True Which of the following parties is responsible for directing employees to carry out business activities and managing their performance of those tasks? - Answer- Management To be considered a profession, ...

Certified Fraud Examiner (CFE) set 1 from ACFE Rated A+ According to The Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing, due professional care implies infallibility. A. True B. False ️False Which of the following is TRUE regarding organizational structure? A. Companies with departments that are isolated geographically have a reduced risk of fraud B. The existence of many specialized departments within a company genera...

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

Effective training programs - U.S. Corporate Sentencing Guideline makes them necessary, also periodically & appropriately communicate program's compliance requirements & procedures to all employees affected by the program, including upper-level personnel - Programs: inform employees about company's stance on corporate compliance and about what kinds of acts and omissions are prohibited by the law and by the organization. Information and communication - component of COSO's Internal Contr...

What is a CMA - ANSWER A certified accountant that works for a single company What is a CPA - ANSWER typically works in an accounting firm and can have multiple companies as clients and they may perform multiple task including audits, advising, etc. CFE - ANSWER A certified fraud examiner CIA - ANSWER Certified internal auditor What is the name of the entity created by the Sarbanes-Oxley Act of 2002? - ANSWER PCAOB (public company accounting oversight board) AAA - ANSWER American ...

CFE: Fraud Prevention and Deterrence Study Guide 2022 with complete solution

What did BF Skinner say is the least effective method of changing behavior? - Punishment because The behavior continues as soon as the punishment is discontinued How is behavior most effectively modified? - Managing and modifying desires through reinforcement (replacing destructive behaviors with productive ones) What are the two different types of reinforcement? - Positive and negative What is negative reinforcement? - With drawl a negative stimulus in exchange for the response What is p...

CFE Exam - Fraud Prevention and Deterrence | Questions with 100% Correct Answers | Latest Update 2024 | Verified

ACFE CFE Fraud Prevention section study guide. Notes/Summary from study material used to help point out key terms and essential information to prepare for the exam. **These are not exam answers, this is the study guide I created and used personally to pass the exam on the first try.