ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 2 Question 80 Discussion

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

Question #: 80
Topic #: 2

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

Which of the following is a best practice to ensure a successful fraud reporting program?

AThe company should communicate that fraud, waste, and abuse are more likely to occur in large organizations than small ones.

BThe company should require employees with information about potential fraud to report it directly and only to their immediate supervisor.

CEmployees are held accountable for reporting tips that are not able to be substantiated

DEmployees should be informed that, to the extent possible, their names will not be disclosed.

Show Suggested Answer

Suggested Answer: A

by Gwenn at Apr 10, 2024, 03:50 PM

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King

18 days ago

Protecting anonymity is key. I'm going with D - it's the only one that actually encourages employees to come forward.

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Rosio

29 days ago

Option A is just plain wrong. Why would a company want to communicate that fraud is more likely in large organizations? That's just asking for trouble.

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Lezlie

14 days ago

Yes, Option B promotes a culture of transparency and accountability which is essential for a successful fraud reporting program.

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Bernardine

18 days ago

Option B seems like a better choice. Encouraging employees to report suspicious activity is key.

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Emerson

19 days ago

I agree, Option A could backfire and make employees more likely to commit fraud.

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Arminda

25 days ago

Option A is definitely not the best practice. It can create a negative perception.

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Evan

1 months ago

Haha, option C is a good way to scare employees into not reporting anything! Not the best practice for sure.

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Wava

1 months ago

I'd go with B. Keeping it in the chain of command ensures the information stays confidential.

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Sharmaine

1 months ago

I believe option C is also important, holding employees accountable for reporting unsubstantiated tips can help ensure the credibility of the program.

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