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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.
Suggested Answer: D
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28 comments · newest first
CA
Carissa
11 months ago
I doubt management would be okay with that answer.
LU
Lucy
11 months ago
Absolutely true, ethics come first in these situations!
RY
Ryan
11 months ago
Wait, so she can't just say they're fraud-free? That seems harsh.
RO
Rosalind
12 months ago
Totally agree, Jane can't compromise her integrity!
LI
Lisbeth
12 months ago
The ACFE Code of Professional Ethics does prohibit misleading statements.
BR
Brigette
12 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.
BE
Beckie
1 year 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.
LE
Leonora
1 year 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.
AN
Annette
1 year 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.
LI
Lindsey
1 year 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.
CO
Corrinne
1 year 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.
PE
Pearly
1 year 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.
CA
Caitlin
1 year 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.
JA
Janella
1 year 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.
AR
Armando
1 year 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.
RO
Roslyn
2 years 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.
GI
Gilbert
1 year ago
Jane's duty is to provide an unbiased and truthful report.
DA
Daron
1 year ago
Management's request goes against ethical standards.
AH
Ahmed
1 year ago
Integrity is crucial in the field of fraud examination.
KI
Kimberely
1 year ago
Jane must adhere to the ACFE Code of Professional Ethics and report her findings accurately.
CA
Cammy
2 years 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.
TE
Teresita
2 years 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?
TA
Tanesha
2 years ago
True. Jane's integrity as a Certified Fraud Examiner is more important than pleasing management.
LE
Leah
2 years 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.
CO
Cordelia
1 year ago
It is important for CFEs to maintain their integrity and independence in their fraud examinations.
TW
Twila
1 year ago
Jane should adhere to the ACFE Code of Professional Ethics and report her findings accurately.
FE
Felix
2 years ago
False. Jane should comply with management's request to maintain a good relationship with the company.
JA
Janine
2 years ago
True. The ACFE Code of Professional Ethics prohibits compliance with management's request.