ACFE CFE-Financial-Transactions-and-Fraud-Schemes Q&A - in .pdf

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  • Exam Code: CFE-Financial-Transactions-and-Fraud-Schemes
  • Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 2
An organization's operations staff places payment files in a shared network folder and then the disbursement staff picks up the files for payment processing. This manual intervention will be automated some months later, thus cost-efficient controls are sought to protect against file alterations. Which of the following would be the BEST solution?
A. Set role-based access permissions on the shared folder
B. The end user develops a PC macro program to compare sender and recipient file contents
C. Design a training program for the staff involved to heighten information security awareness
D. Shared folder operators sign an agreement to pledge not to commit fraudulent activities
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Ideally, requesting that the IT department develop an automated integrity check would be desirable, but given the temporary nature of the problem, the risk can be mitigated by setting stringent access permissions on the shared folder. Operations staff should only have write access and disbursement staff should only have read access, and everyone else, including the administrator, should be disallowed. An information security awareness program and/or signing an agreement to not engage in fraudulent activities may help deter attempts made by employees: however, as long as employees see a chance of personal gain when internal control is loose, they may embark on unlawful activities such as alteration of payment files. A PC macro would be an inexpensive automated solution to develop with control reports. However, sound independence or segregation of duties cannot be expected in the reconciliation process since it is run by an end-user group. Therefore, this option may not provide sufficient proof.

NEW QUESTION: 3
An HR administrator is unable to enter the details of an intern due to unavailability of the right choice of
values. The HR administrator is unaware that the worker type "Intern" has not been set up in the
application.
Select four valid system person types (which are part of the person model) that the HR administrator
should be aware of. (Choose four.)
A. Contingent Worker
B. Person of Interest
C. Employee
D. Pending Worker
E. Non-Worker
F. Contract Worker
Answer: A,C,D,E

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