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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 2 Question 55 Discussion

Posted by Rasheeda on Oct 16, 2022 at 09:46 AM

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

Suggested Answer: C

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11 comments · newest first
LA
Latrice 12 months ago
Confessions are rare, right? Tips seem more likely.
SH
Shawana 12 months ago
Really? Tips? That seems surprising!
CA
Callie 12 months ago
Wait, I thought internal audits were more effective?
CE
Cecilia 1 year ago
Totally agree, tips make sense!
AN
Andree 1 year ago
I heard tips are the most common way frauds get detected.
GI
Gilma 1 year ago
I have a vague memory of tips being highlighted in the report, but I could be mixing it up with another topic.
AY
Ayesha 1 year ago
I recall seeing something about confessions being a method, but I don't think it's the most common one.
GI
Gianna 1 year ago
I'm not entirely sure, but I feel like internal audits might be more common. We discussed that in class.
TE
Tegan 1 year ago
I think I remember that tips are often the most common way frauds are detected. It was mentioned in a practice question.
MA
Man 1 year ago
Hmm, this is a tricky one. The system test plan seems to deviate from the overall test strategy in a few ways. I'm not sure if it's fully consistent with the risk-based and regression testing approaches described. I'll need to think through the implications of the manual testing and limited metrics before selecting an answer.
BO
Bobbye 1 year ago
This question seems straightforward, but I want to make sure I understand the options correctly before selecting an answer.
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