ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 3 Question 95 Discussion

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

Question #: 95
Topic #: 3

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

In identifying the inherent fraud risks that could apply to the organization, the fraud risk assessment team should discuss:

AThe organization's incentive programs

BThe possibility of management's override of controls

CRisks to the organization's reputation

DAll of the above

Show Suggested Answer

Suggested Answer: D

by Youlanda at Sep 18, 2024, 10:29 PM

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Berry

5 months ago

All of these options are important, but I'm feeling a bit hungry. Anyone else want to grab a sandwich after this exam? My treat!

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Willis

5 months ago

A) The organization's incentive programs? More like 'Incentive to commit fraud' programs, amirite? *wink wink*

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Eden

3 months ago

D) All of the above should be thoroughly discussed by the fraud risk assessment team.

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Hillary

4 months ago

C) Risks to the organization's reputation can also lead to fraud.

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Bernardine

4 months ago

D) All of the above

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Rasheeda

4 months ago

C) Risks to the organization's reputation

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Launa

4 months ago

B) The possibility of management's override of controls

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Andra

4 months ago

B) The possibility of management's override of controls is a major concern.

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Zita

4 months ago

A) The organization's incentive programs? More like 'Incentive to commit fraud' programs, amirite? *wink wink*

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Cathrine

5 months ago

I believe focusing on all potential fraud risks is essential to ensure a comprehensive assessment.

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Fausto

5 months ago

I agree, considering the organization's incentive programs, management's override of controls, and risks to the organization's reputation is crucial.

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Beckie

5 months ago

I'd go with C) Risks to the organization's reputation. That's the juiciest part, if you ask me. Who doesn't love a good scandal?

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Joanne

5 months ago

Hmm, B) The possibility of management's override of controls is the real kicker. You can't trust those guys upstairs, am I right?

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Mozelle

5 months ago

D) All of the above is the obvious choice here. Gotta cover all the bases when it comes to fraud risks!

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Laquanda

4 months ago

D) All of the above

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Kati

5 months ago

C) Risks to the organization's reputation

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Virgilio

5 months ago

B) The possibility of management's override of controls

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Gracie

5 months ago

A) The organization's incentive programs

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Dottie

5 months ago

I think the team should discuss all of the above.

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