ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 2 Question 2 Discussion

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

Question #: 2
Topic #: 2

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

The objective of anti-fraud controls is to:

ACompletely eliminate residual fraud risk

BReduce the residual fraud risk to a level that is significantly smaller than the inherent fraud risk

CReduce the inherent fraud risk to a level that is significantly smaller than the residual fraud risk.

DCompletely eliminate inherent fraud risk

Show Suggested Answer

Suggested Answer: A

by Noah at May 05, 2022, 12:50 PM

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Ahmad

6 months ago

B is definitely the right approach!

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Audry

6 months ago

C doesn't make sense, inherent risk can't be lower than residual.

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Nelida

6 months ago

Wait, can we really reduce inherent risk? Sounds tricky.

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Louis

6 months ago

Totally agree, A is unrealistic!

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Ezekiel

6 months ago

I think it's B, reducing residual risk is key.

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Darrin

7 months ago

Hmm, I'm not sure. Shouldn't we first figure out which customers were affected and try to make things right with them? Option A seems like the safest approach.

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Norah

7 months ago

This is a tricky one. I'm not entirely sure when the Control Plan can be closed, but I think it's important to focus on the key details in the question. Let me think this through carefully.

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Valentin

7 months ago

I remember load balancing being tied to how we distribute traffic, but I'm not sure which specific pattern fits best.

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Dorothy

7 months ago

I practiced a similar question before, and I believe it's called the full plan.

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