ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 94 Discussion

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

Question #: 94
Topic #: 4

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

According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?

AInternal audit

BConfession

CTips

DExternal audit

Show Suggested Answer

Suggested Answer: C

by Carmelina at Sep 17, 2024, 04:32 PM

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Olga

4 months ago

If my accountant ever confessed to fraud, I'd fire them on the spot. What a joke of an answer!

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Vesta

3 months ago

Internal audit and tips are definitely more reliable than waiting for a confession.

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Ashlyn

3 months ago

I think tips are actually the most common method according to the report.

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Cordell

3 months ago

I agree, confession seems like a rare way to detect fraud.

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Rebecka

5 months ago

I'm not sure, but I think internal audit could also be a common method.

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Carissa

5 months ago

External audit, hands down. Those guys are like bloodhounds sniffing out every last penny.

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Ranee

4 months ago

Confession

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Lisha

4 months ago

Tips

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Gracia

5 months ago

Internal audit

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Gerri

5 months ago

Confession? Really? Who would actually confess to fraud? C'mon, that's gotta be the least likely option.

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Stevie

5 months ago

Hmm, I'm going with internal audit. Those bean counters always catch the bad guys.

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Filiberto

4 months ago

Really? I would have thought it was internal audit.

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Gabriele

4 months ago

Confession is actually the most common method according to the report.

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Jeffrey

4 months ago

I agree, tips are a powerful tool in uncovering fraud.

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Chara

5 months ago

I think tips are the most common way frauds are detected.

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Jarod

5 months ago

I agree with Claudio, tips are often how frauds are detected.

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Claudio

5 months ago

I think the most common method is tips.

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Jesusa

5 months ago

I'm pretty sure it's tips. Fraudsters love to brag, don't they?

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Ivory

5 months ago

I agree, tips are the most common way frauds are detected according to the report.

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France

5 months ago

I think you're right, fraudsters do tend to get caught because someone tips off the authorities.

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