ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 3 Question 78 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam

Question #: 78
Topic #: 3

[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following is TRUE regarding corporate governance?

AFraud risk management is considered to be the foundation of effective corporate governance

BCorporate governance's primary purpose is to ensure the accuracy of the organization's financial reports

CEffective corporate governance practices are most necessary in an organization in which the owners are also the individuals responsible for setting the corporate strategy.

DAn entity's corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization

Show Suggested Answer

Suggested Answer: A

by Catarina at Mar 09, 2024, 09:47 PM

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Karon

5 months ago

I'm not sure. I think option C could also be true. Owners setting strategy need good governance practices to maintain control.

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Cordie

6 months ago

I agree with Edelmira. Option D makes sense because clarity in roles and responsibilities is key for effective governance.

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Edelmira

6 months ago

I disagree with Raelene. I believe option D is true. Corporate governance structure defines roles and responsibilities clearly.

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Raelene

6 months ago

I think option A is correct. Fraud risk management is crucial for good corporate governance.

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Howard

6 months ago

I'm not sure. I think option C could also be true. Owners setting strategy need good governance practices to maintain control.

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Leonor

6 months ago

I agree with Stephaine. Option D makes sense because clarity in roles and responsibilities is key for effective governance.

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Stephaine

6 months ago

I disagree with Jackie. I believe option D is true. Corporate governance structure defines roles and responsibilities clearly.

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Jackie

7 months ago

I think option A is correct. Fraud risk management is crucial for good corporate governance.

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