EMT Practice Test

1. Question Content...

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Question1: _____________Is the criminological theory that presents crime as a conscious decision that can be deterred by reducing opportunities for criminal activity and increasing the personal risk to an Individual of being caught and punished.

Question2: Which of the following is FALSE regarding an organization's anti-fraud policy?

Question3: Which of the following statements is FALSE regarding an organization's fraud risk management program?

Question4: According to Diane Vaughan, which of the following factors increases an organization's inherent inclination toward committing crime?

Question5: Which of the following is TRUE regarding the communication of the fraud risk assessment process?

Question6: 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?

Question7: According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud, while_________schemes are the MOST COSTLY form of occupational fraud.

Question8: Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management-Integrating with Strategy and Performance?

Question9: Which of the following is NOT a responsibility of the organization's board of directors?

Question10: Which of the following Is FALSE regarding proactive fraud auditing procedures?

Question11: Which of the following is TRUE regarding proactive fraud auditing procedures?

Question12: Which of the following Is NOT a way that an organization's fraud risk assessment should be Incorporated Into the audit process?

Question13: According to behaviorists such as B. F. Skinner, which of the following scenarios is MOST LIKELY to occur when an undesired behavior is punished?

Question14: Which of the following is TRUE regarding government auditors' responsibilities to report evidence of potential fraud uncovered during an audit of a public-sector organization's financial statements?

Question15: Which principle of corporate governance pertains to the disclosure of all material matters that the shareholders need to make timely and informed decisions regarding their investment in the company?

Question16: Which of the following statements is FALSE?

Question17: Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?

Question18: Glend
a. an internal auditor, and Brldgette. an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies. Glenda has just been told that she will be the lead on the company's fraud risk assessment. During the fraud risk assessment. Glenda should:

Question19: Which of the following is NOT explicitly prohibited by the ACFE Code of Professional Ethics?

Question20: Maria conducted a fraud examination that led to a valid confession of guilt from Rit a. In Maria's verbal report to her superiors, she stated that, in her opinion. "Rita is guilty of embezzlement." Maria has just violated the ACFE Code of Professional Ethics.

Question21: According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.

Question22: Which of the following Is one of the recommendations made by the National Commission on Fraudulent Financial Reporting (the Treadway Commission) to reduce the probability of fraud in financial reports?

Question23: During an external audit, the audit team identifies evidence that management has Intentionally manipulated the organization's reported revenue amount However, the amount of the resulting misstatement does not meet the quantitative materiality threshold for the audit. Which of the following is TRUE regarding this situation?

Question24: International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the establishment of anti-fraud internal controls within an organization.

Question25: Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud Triangle

Question26: Employees should be kept unaware that management is watching for lifestyle and behavior changes In staff members that might indicate fraud.

Question27: Which of the following statements is FALSE regarding an organization's fraud risk management program?

Question28: Which of the following Is TRUE regarding the reporting of the fraud risk assessment results?

Question29: Which of the following criminological theories asserts that the three elements that have the most influence on crime are the availability of suitable targets, absence of capable guardians, and presence of motivated offenders?

Question30: Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?

Question31: Formally documenting and communicating organizational hierarchies, including the proper flow of information, can hinder an organization's fraud prevention initiatives.

Question32: Which of the following would most likely be a violation of the ACFE Code of Professional Ethics?

Question33: Which of the following is FALSE regarding the fraud risk assessment learn?

Question34: 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:

Question35: Management at ABC Corp. is assessing the company's ethical tone and how it affects the organization's fraud risk. To MOST EFFECTIVELY reinforce an anti-fraud culture, management should:

Question36: According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?

Question37: During a fraud risk assessment, the assessment team is seeking information on the ethical tone set by upper and middle managers. The team members determine that, for this task, they would like to get candid one-on-one feedback from employees away from their peers. Which of the following techniques would be most helpful for them to use in gathering this information?

Question38: According to International Organization for Standardization (ISO) 31000:2018, an organization's risk management program should be proportionate to the organization's specific operations and objectives.

Question39: Which of the following is NOT a purpose served by a professional organization's code of conduct?

Question40: Which of the following statements Is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?

Question41: Which of the following is TRUE regarding prosecutions of white-collar criminals?

Question42: The availability of suitable targets, absence of capable guardians, and presence of motivated offenders are the three most important elements that influence crime according to which of the following criminological theories?

Question43: Reputational damage is an indirect cost of fraud that can be difficult for organizations to calculate.