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ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 3 Question 102 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 102
Topic #: 3
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Reputational damage is an indirect cost of fraud that can be difficult for organizations to calculate.

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Suggested Answer: B

by Jolanda at Jan 23, 2025, 12:21 PM

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Delbert
4 days ago
Hmm, I'm going to have to go with B on this one. Reputational damage may be tricky to measure, but I don't think it qualifies as an 'indirect' cost of fraud.
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Noel
13 days ago
I'm not so sure about that. Calculating the impact on reputation seems pretty straightforward to me. This question is a bit too easy, don't you think?
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Iluminada
17 days ago
Absolutely true! Reputational damage can be devastating and hard to quantify, but it's a real risk businesses need to take seriously.
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Silvana
3 days ago
I agree, reputational damage can have long-lasting effects on a company's brand.
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Nan
4 days ago
A) True
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Sarah
21 days ago
I think the answer is True, because even though it's difficult to quantify, reputational damage is a real cost that organizations have to deal with.
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Bev
21 days ago
I agree, it's hard to put a number on how much damage fraud can do to a company's reputation.
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Sarah
25 days ago
Reputational damage is definitely a tricky cost to calculate.
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