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
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NEW QUESTION: 1
A user is currently building a website which will require a large number of instances in six months, when a demonstration of the new site will be given upon launch.
Which of the below mentioned options allows the user to procure the resources beforehand so that they need not worry about infrastructure availability during the demonstration?
A. Launch all the instances as part of the cluster group to ensure resource availability.
B. Procure all the instances as reserved instances beforehand.
C. Ask AWS now to procure the dedicated instances in 6 months.
D. Pre-warm all the instances one month prior to ensure resource availability.
Answer: B
Explanation:
Amazon Web Services has massive hardware resources at its data centers, but they are finite. The best way for users to maximize their access to these resources is by reserving a portion of the computing capacity that they require. This can be done through reserved instances. With reserved instances, the user literally reserves the computing capacity in the Amazon Web Services cloud.
Reference: http://media.amazonwebservices.com/AWS_Building_Fault_Tolerant_Applications.pdf

NEW QUESTION: 2
An additional email address was added to the Veritas Cluster Server notifier resource without any other actions being taken. All but one user is receiving notifications.
How can this problem be solved?
A. Restart the SNMP daemon
B. Restart the HAD daemon
C. Refresh the mailbox of the impacted user
D. Restart the notifier resource
Answer: D

NEW QUESTION: 3
An auditor most likely would be responsible for communicating significant deficiencies in the design of
internal control:
A. To the Securities and Exchange Commission when the client is a publicly-held entity.
B. To a court-appointed creditors' committee when the client is operating under Chapter 11 of the Federal
Bankruptcy Code.
C. To shareholders with significant influence (more than 20% equity ownership) when the significant
deficiencies (reportable conditions) are deemed to be material weaknesses.
D. To specific legislative and regulatory bodies when reporting under Government Auditing Standards.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. When reporting under Government Auditing Standards, the auditor should consider
whether any noted deficiencies in such internal controls should be reported to specific legislative and
regulatory bodies.
Choice "A" is incorrect. The auditor would report significant deficiencies to the audit committee. The auditor
is prohibited from disclosing confidential client information to the SEC by the Code of Professional
Conduct.
Choice "C" is incorrect. When there is no audit committee, the auditor would report significant deficiencies
in the design of the client's internal control to an otherwise formally designated committee with oversight
over the financial reporting process, not necessarily to a court-appointed creditors' committee.
Choice "D" is incorrect. The auditor would report significant deficiencies to the audit committee. The
auditor is prohibited from disclosing confidential client information to significant shareholders by the Code
of Professional Conduct.

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