ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 2 Question 53 Discussion

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

Question #: 53
Topic #: 2

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

Black a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination He did not find fraud, but in Black's opinion the controls he examined were deficient Under the ACFE Code of Professional Ethics Black is not permitted to express his opinion on the deficient controls.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Kristofer at Aug 22, 2022, 05:31 AM

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Nu

4 months ago

I thought he could at least suggest improvements.

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Alesia

4 months ago

False, he can still mention deficiencies without calling it fraud.

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Belen

4 months ago

Wait, really? That seems a bit odd.

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Kayleigh

5 months ago

Totally agree, that's how the ethics code works.

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Viola

5 months ago

True, he can't express opinions on controls.

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Barrett

5 months ago

I believe it's false. The CFE can still highlight control deficiencies in a report, but maybe not in a way that implies fraud was present.

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Portia

5 months ago

I feel like this is a tricky one. If he didn't find fraud, does that mean he can't comment at all? I need to review the ethics section again.

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Lizbeth

5 months ago

I'm not so sure about that. I remember a practice question where the CFE could provide recommendations if they found deficiencies, even without fraud.

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Garry

5 months ago

I think it's true that Black can't express his opinion on the controls since he didn't find fraud. It seems like a strict rule in the ethics code.

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Sylvie

5 months ago

This question seems straightforward - I think the key is to focus on the requirements for corporate criminal liability. I'll review the options carefully and choose the one that best matches the typical criteria.

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Colby

5 months ago

I'm a little confused - is the Backup and Restore tool also an option? I want to make sure I don't lose any important files.

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Talia

5 months ago

I'm a little confused by the wording of this question. I'll need to review my notes on information security policies and procedures to determine the best approach.

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Tasia

5 months ago

Hmm, I'm not entirely sure about this one. The options all seem plausible, but I'm not confident which one would be considered the "first filter." I'll have to think this through carefully.

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