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Exam Code: CFE-Fraud-Prevention-and-Deterrence Dumps

Questions and Answers: 104

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NEW QUESTION: 1
An administrator is required to configure a policy in Cisco UCS to schedule backups.Which two backup types can be scheduled? (Choose two.)
A. system configuration
B. full state
C. import configuration
D. all configuration
E. logical configuration
Answer: B,D
Explanation:
Explanation
https://www.cisco.com/c/en/us/td/docs/unified_computing/ucs/ucs-central/users-manual/1-1/ b_CiscoUCSCentral-Software-UsersManual-Release1-1/b_CiscoUCSCentral-Software-UsersManua l-Release1-1_chapter_01000.pdf

NEW QUESTION: 2
You are the IT manager in Bluewell Inc. You identify a new regulation for safeguarding the information processed by a specific type of transaction. What would be the FIRST action you will take?
A. Analyze the key risk in the compliance process
B. Update the existing security privacy policy
C. Assess whether existing controls meet the regulation
D. Meet with stakeholders to decide how to comply
Answer: C
Explanation:
Explanation/Reference:
Explanation:
When a new regulation for safeguarding information processed by a specific type of transaction is being identified by the IT manager, then the immediate step would be to understand the impact and requirements of this new regulation. This includes assessing how the enterprise will comply with the regulation and to what extent the existing control structure supports the compliance process. After that manager should then assess any existing gaps.
Incorrect Answers:
B, C, D: These choices are appropriate as well as important, but are subsequent steps after understanding and gap assessment.

NEW QUESTION: 3
During a review of the financial statements of a nonissuer, an accountant becomes aware of a lack of
adequate disclosure that is material to the financial statements. If management refuses to correct the
financial statement presentations, the accountant should:
A. Disclose this departure from generally accepted accounting principles in a separate paragraph of the
report.
B. Issue an "except for" qualified opinion.
C. Issue an adverse opinion.
D. Express only limited assurance on the financial statement presentations.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. If, during a review of the financial statements of a nonissuer, an accountant becomes
aware of a lack of adequate disclosure that is material to the financial statements, and management
refuses to correct the financial statement presentations, the accountant should disclose this departure from
GAAP in a separate paragraph of the report.
Choices "A" and "B" are incorrect. Adverse opinions and "except for" qualified opinions pertain to audit
reports. Opinions are not rendered based on review engagements.
Choice "D" is incorrect. The accountant expresses only limited assurance on the financial statements as a
result of a review even when there are no GAAP departures. GAAP departures require that a separate
paragraph be added to the standard report, and that the limited assurance be modified to read, "...with the
exception of the matter described in the following paragraph, I am not aware of any material
modifications..."


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