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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 2 Question 77 Discussion

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

Question #: 77
Topic #: 2

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

An effective system of anti-fraud controls

AFully eliminates the risk of fraud

BFocuses more on detective controls than preventive controls

CFocuses more on preventive controls than detective controls

DIncreases the perception that fraud will be detected

Show Suggested Answer

Suggested Answer: C

by Sheridan at Feb 12, 2024, 06:27 PM

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Ernest

6 months ago

Wait, can we really increase perception without real controls?

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Simona

7 months ago

B is interesting, but I think it should balance both.

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Ernest

7 months ago

D seems a bit misleading, doesn't it?

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Pearlene

7 months ago

Totally agree with C! Prevention is key!

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Walton

7 months ago

A fully effective system can't completely eliminate fraud.

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Micah

7 months ago

I thought we learned that a balance of preventive and detective controls is essential, so C might be the best answer.

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Carmelina

8 months ago

I'm not entirely sure, but I feel like D could be a valid point since increasing perception might deter fraud.

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Alpha

8 months ago

I think we practiced a question similar to this, and I recall that preventive controls are usually emphasized more.

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Stevie

8 months ago

I remember discussing how no system can fully eliminate fraud, so A seems incorrect.

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Anthony

8 months ago

Okay, I've got this. Preventive controls are about stopping fraud before it happens, while detective controls find it after the fact. The best approach balances both.

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Cathrine

8 months ago

The key here is to identify the approach that is most effective at reducing fraud risk. I'll weigh the pros and cons of the different control types.

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Cammy

8 months ago

Hmm, I'm not totally sure about the difference between preventive and detective controls. I'll need to think this through carefully.

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Valentin

8 months ago

This question seems straightforward, I'll focus on the key concepts of preventive vs. detective controls and how they relate to fraud risk.

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Dean

8 months ago

This looks like a straightforward question about business continuity metrics. I'm pretty sure the answer is RPO, which stands for Recovery Point Objective and defines the maximum amount of data a company can afford to lose.

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Gayla

8 months ago

I'm pretty sure the answer is C. Blocking input seems like the best way to prevent the robot from interacting with the application until it's fully loaded.

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Blossom

8 months ago

I'm a little confused by the wording of the question. Is it asking about a specific type of security measure, or just any measure that could be considered preventive? I'll need to re-read the options carefully.

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Paris

8 months ago

Okay, I've got this. Consensus algorithms like Proof of Work and Proof of Stake reward miners with cryptocurrency for verifying transactions and adding them to the blockchain. That's how they incentivize participation.

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Leonida

2 years ago

I believe that having a good balance of preventive and detective controls can increase the perception that fraud will be detected.

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Laticia

2 years ago

Yes, detective controls are important too, but prevention is always better than detection.

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Micah

2 years ago

But isn't it important to have detective controls in place as well, to catch fraud if it does occur?

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Clay

2 years ago

I agree with Laticia, preventive controls are key to stopping fraud before it happens.

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Laticia

2 years ago

I think an effective anti-fraud system should focus on preventive controls.

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