ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 2 Question 96 Discussion

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

Question #: 96
Topic #: 2

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

Jane, a Certified Fraud Examiner (CFE), was hired lo conduct a fraud examination at XYZ Company Her examination did not reveal any conclusive evidence that fraud had occurred or was occurring Consequently. XYZ's management asked Jane to state in her official examination report that the company is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. The ACFE Code of Professional Ethics prohibits Jane from complying with management's request.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: D

by Kanisha at Sep 16, 2024, 12:37 PM

Limited Time Offer

25%

Off

Get Premium CFE-Fraud-Prevention-and-Deterrence Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Carissa

6 months ago

I doubt management would be okay with that answer.

upvoted 0 times

...

Lucy

6 months ago

Absolutely true, ethics come first in these situations!

upvoted 0 times

...

Ryan

7 months ago

Wait, so she can't just say they're fraud-free? That seems harsh.

upvoted 0 times

...

Rosalind

7 months ago

Totally agree, Jane can't compromise her integrity!

upvoted 0 times

...

Lisbeth

7 months ago

The ACFE Code of Professional Ethics does prohibit misleading statements.

upvoted 0 times

...

Brigette

7 months ago

I feel like I read something about how CFEs must remain independent, so I guess Jane has to stick to her findings and not say there's no fraud.

upvoted 0 times

...

Beckie

8 months ago

This reminds me of a practice question where we had to choose between ethical obligations and management requests. I think the answer is true.

upvoted 0 times

...

Leonora

8 months ago

I'm a bit unsure, but I think the report should reflect the findings accurately, even if it means not giving management what they want.

upvoted 0 times

...

Annette

8 months ago

I remember discussing how the ACFE Code of Professional Ethics emphasizes integrity and objectivity, so I think Jane can't comply with that request.

upvoted 0 times

...

Lindsey

8 months ago

Ah, I see. Jane can't just state the company is free of fraud if her examination didn't conclusively prove that. That would be misleading, which goes against the ethics code. The answer has to be True.

upvoted 0 times

...

Corrinne

8 months ago

The key here is that the ACFE Code of Professional Ethics takes precedence over the management's request. Jane has a professional obligation to follow the code, even if it means going against what the client wants.

upvoted 0 times

...

Pearly

8 months ago

Hmm, this seems pretty straightforward to me. The code of ethics clearly prohibits Jane from complying with the management's request, so the answer must be True.

upvoted 0 times

...

Caitlin

8 months ago

This is a tricky one. I'll need to carefully review the ACFE Code of Professional Ethics to make sure I understand the restrictions on what Jane can include in her report.

upvoted 0 times

...

Janella

8 months ago

I'm a bit confused here. If Jane's examination didn't find any conclusive evidence of fraud, why can't she just state that the company is free of fraud? Seems like a reasonable request from management.

upvoted 0 times

...

Armando

8 months ago

This looks like a pretty straightforward question. I'll carefully read through the options and think about what the error message is likely indicating.

upvoted 0 times

...

Roslyn

1 year ago

The answer is True. As a CFE, Jane has a professional and ethical obligation to report her findings accurately, even if it means going against the wishes of management. Integrity is non-negotiable in this field.

upvoted 0 times

Gilbert

12 months ago

Jane's duty is to provide an unbiased and truthful report.

upvoted 0 times

...

Daron

12 months ago

Management's request goes against ethical standards.

upvoted 0 times

...

Ahmed

12 months ago

Integrity is crucial in the field of fraud examination.

upvoted 0 times

...

Kimberely

1 year ago

Jane must adhere to the ACFE Code of Professional Ethics and report her findings accurately.

upvoted 0 times

...

Cammy

1 year ago

Haha, Jane's in a tough spot! It's like they're asking her to write a blank check for the company. Gotta love those sneaky management types trying to cover their tracks.

upvoted 0 times

...

Teresita

1 year ago

The answer is definitely False. Jane should just do what the management wants, right? They're paying her, after all. Who cares about some silly ethics code?

upvoted 0 times

...

Tanesha

1 year ago

True. Jane's integrity as a Certified Fraud Examiner is more important than pleasing management.

upvoted 0 times

...

Leah

1 year ago

I think the answer is True. The ACFE Code of Professional Ethics clearly prohibits Jane from complying with management's request to state that the company is free of fraud when the examination did not reveal conclusive evidence. As a CFE, she has a duty to be honest and objective in her reporting.

upvoted 0 times

Cordelia

1 year ago

It is important for CFEs to maintain their integrity and independence in their fraud examinations.

upvoted 0 times

...

Twila

1 year ago

Jane should adhere to the ACFE Code of Professional Ethics and report her findings accurately.

upvoted 0 times

...

Felix

1 year ago

False. Jane should comply with management's request to maintain a good relationship with the company.

upvoted 0 times

...

Janine

1 year ago

True. The ACFE Code of Professional Ethics prohibits compliance with management's request.

upvoted 0 times

...