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ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 2 Question 62 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 62
Topic #: 2
[All CFE-Fraud-Prevention-and-Deterrence Questions]

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines____________ as "a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."

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Suggested Answer: B

by Carmelina at Feb 25, 2023, 03:30 PM

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Corazon
1 months ago
Personally, I was hoping for a question about corporate compliance. That's my jam! But hey, I can't argue with D) Internal control being the right answer.
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Isabelle
1 months ago
D) Internal control all the way! COSO knows their stuff when it comes to this topic. I'm feeling confident about this one.
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Justine
1 months ago
Haha, I bet the exam writers are trying to trip us up with those other options. Nice try, but D) Internal control is the way to go!
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Eladia
6 days ago
C) Corporate governance
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Geraldo
8 days ago
B) Fraud prevention
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Rolland
9 days ago
A) Risk assessment
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Karma
2 months ago
I agree, D) Internal control is the best fit. COSO's focus on objectives, operations, reporting, and compliance is a clear description of internal control.
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Angella
5 days ago
A: It's all about providing assurance on achieving objectives, operations, reporting, and compliance.
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Deane
10 days ago
B: Yes, COSO's definition aligns perfectly with internal control.
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Dean
17 days ago
A: I think D) Internal control is the correct answer.
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Yasuko
1 months ago
I always make sure to follow internal control procedures to stay compliant.
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Daron
1 months ago
Yes, internal control is crucial for ensuring objectives are met.
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Helaine
1 months ago
Internal control is definitely the best fit for that definition.
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Rosalyn
2 months ago
D) Internal control seems like the correct answer. COSO's definition aligns with the concept of internal control.
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Ronald
5 days ago
Ensuring operations, reporting, and compliance are all covered.
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Raelene
10 days ago
It involves the board of directors, management, and personnel.
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Nydia
16 days ago
Yes, internal control is key for achieving objectives.
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Jerilyn
19 days ago
Internal control seems like the correct answer.
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Isabelle
1 months ago
Ensuring operations, reporting, and compliance are all part of it.
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Salena
1 months ago
It involves the board of directors, management, and other personnel.
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Marnie
2 months ago
Yes, internal control is crucial for achieving objectives.
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Rosann
2 months ago
Internal control seems like the correct answer.
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Velda
2 months ago
I'm not sure, but I think it's between C) Risk assessment and D) Internal control.
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Tran
2 months ago
I agree with In, internal control makes sense for ensuring objectives are achieved.
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In
3 months ago
I think the answer is D) Internal control.
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