ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 3 Question 23 Discussion

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

Question #: 23
Topic #: 3

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

The generation and use of relevant, quality information to support the functioning of internal control is a principle related to which component of the Committee of Sponsoring Organizations of the Treadway Commissions (COSO) Internal Control---Integrated Framework (the Framework)?

ARisk assessment

BControl environment

CMonitoring

DInformation and communication

Show Suggested Answer

Suggested Answer: A

by Youlanda at May 06, 2022, 03:43 AM

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Rosio

4 months ago

Really? I thought it could be B, Control environment.

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Royce

4 months ago

No doubt, it's all about D!

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Rebecka

5 months ago

Wait, are we sure it's not C? Monitoring is pretty key too.

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Allene

5 months ago

I agree, D makes the most sense here.

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Renea

5 months ago

It's definitely D, Information and communication!

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Wayne

5 months ago

Okay, I think I've got this. An Accelerator is a hosted educational webinar with live expert Q&A, so the correct answer is D. I remember learning about this in class, so I feel good about this one.

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Mirta

5 months ago

Wait, I'm a little confused. Wasn't job analysis also used to describe projects to third-party representatives? Or was that something else? I'll have to think this through.

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Rebecka

5 months ago

I'm a bit confused by this question. I know ACLs can be applied to multiple interfaces, but I'm not sure about the specifics of the order of the rules or whether they can filter OSPF traffic. I'll need to review my notes on Huawei ACLs.

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Jolanda

5 months ago

Hmm, I'm a bit unsure about this one. The internal control questionnaire could potentially be used in a variety of situations, not just the ones listed. I'd need to think through the purpose and benefits of using this tool more carefully.

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Alfreda

5 months ago

For some reason, I keep mixing up integrity and accuracy. I think option D might be it, but I can't be certain if that's right.

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