ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 2 Question 58 Discussion

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

Question #: 58
Topic #: 2

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

For Its compliance program to be effective, an organization must perform procedures to ensure management hires only ethical Individuals who exercise a substantial measure of discretion In acting on the organization's behalf

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Sharika at Dec 12, 2022, 09:15 PM

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Franchesca

4 months ago

Definitely true, but what about training for existing staff?

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Leandro

4 months ago

I think it’s essential, but how do we really measure ethics?

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Verdell

4 months ago

True, discretion is super important for management.

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Fausto

5 months ago

Isn't it a bit unrealistic to expect only ethical people?

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Venita

5 months ago

Totally agree, ethics are key in hiring!

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Mona

5 months ago

I’m pretty confident it’s A. We discussed how management's role in hiring impacts the overall compliance culture in organizations.

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Cordell

5 months ago

I’m leaning towards B because I recall that discretion isn't the only factor in hiring ethical individuals. There might be other aspects to consider.

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Aleshia

5 months ago

I feel like this is similar to a practice question we did on compliance programs. I want to say it's A, but I could be mixing it up with another topic.

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Dominque

5 months ago

I think the answer is A, but I'm not entirely sure. I remember something about ethical hiring practices being crucial for compliance.

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Nell

5 months ago

Hmm, I think I've seen something like this before. Let me see if I can recall the right approach.

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Alaine

5 months ago

Be careful with the cr units. Make sure you're calculating correctly - 45 * 10 = 450, so I'm leaning towards option D.

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Candra

5 months ago

Hmm, this looks like a tricky one. I'll need to carefully read through each statement and think about which one seems most likely to be false.

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Polly

5 months ago

Okay, let's see. A prepayment is an asset, so it should be debited. And the expense is being paid in advance, so that should be credited. I'm pretty sure the correct answer is C.

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