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

An effective system of anti-fraud controls
C) Focuses more on preventive controls than detective controls
A) Fully eliminates the risk of fraud
B) Focuses more on detective controls than preventive controls
D) Increases the perception that fraud will be detected

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

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Suggested Answer: C

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

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Ernest
9 months ago
Wait, can we really increase perception without real controls?
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Simona
10 months ago
B is interesting, but I think it should balance both.
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Ernest
10 months ago
D seems a bit misleading, doesn't it?
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Pearlene
10 months ago
Totally agree with C! Prevention is key!
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Walton
10 months ago
A fully effective system can't completely eliminate fraud.
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Micah
10 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
11 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
11 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
11 months ago
I remember discussing how no system can fully eliminate fraud, so A seems incorrect.
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Anthony
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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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