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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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Gerald
2 months ago
I'm with Delbert on this one. Indirect costs are supposed to be hard to pin down, but reputational damage seems pretty direct to me. This question is trying to trip us up!
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Queen
22 days ago
It's true, reputational damage can have long-lasting effects on an organization.
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Kris
23 days ago
I agree, it's not always easy to calculate the impact of a damaged reputation.
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Ashley
1 months ago
Reputational damage can definitely be tricky to quantify.
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Jimmie
2 months ago
Ha! This question is a piece of cake. Of course it's true - anyone who's ever watched a company's stock plummet after a scandal knows how real reputational damage can be.
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Delbert
2 months 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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Izetta
5 days ago
I see your point, but I still believe that option A is the best choice. Reputational damage can lead to loss of customers and revenue.
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Alberto
14 days ago
I think option B is more accurate. Reputational damage is not a direct financial cost of fraud.
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Theola
17 days ago
I agree with option A. It's important to consider the long-term effects of fraud on a company's reputation.
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Cordelia
24 days ago
I chose option A. Reputational damage can have a significant impact on an organization's bottom line.
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Noel
2 months 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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Freeman
1 months ago
I agree, reputation damage can have a lasting impact on an organization's success.
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Audrie
2 months ago
It's not always easy to quantify the long-term effects on reputation.
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Iluminada
3 months 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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Felix
1 months ago
Actually, reputational damage is a significant cost that organizations need to consider.
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James
2 months ago
B) False
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Silvana
2 months ago
I agree, reputational damage can have long-lasting effects on a company's brand.
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Nan
2 months ago
A) True
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Sarah
3 months 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
3 months 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
3 months ago
Reputational damage is definitely a tricky cost to calculate.
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