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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 3 Question 24 Discussion

Which of the following is FALSE regarding the process of defining the objective of the fraud risk management program?
D) Management must consider the total amount of fraud risk it is willing to accept when determining fraud risk management objectives
A) Management must assign a quantitative measure to its risk appetite so that it can accurately measure the fraud risk management program s effectiveness
B) Management should express risk appetite in a manner that is appropriate for and unique to the organization s culture and operations.
C) Management should examine previous fraud occurrences to determine how the ideal fraud risk management program would have prevented them.

ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 3 Question 24 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 24
Topic #: 3
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following is FALSE regarding the process of defining the objective of the fraud risk management program?

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Suggested Answer: D

by Solange at May 04, 2022, 06:21 AM

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Bulah
10 months ago
C sounds right, learning from past fraud is key.
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Myrtie
10 months ago
B is definitely true, culture matters!
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Natalie
11 months ago
Wait, are we really assigning numbers to risk appetite? Seems off.
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Glory
11 months ago
Totally agree, A doesn't make sense!
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Glynda
11 months ago
I think A is the false one.
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Lajuana
11 months ago
This seems pretty straightforward. I'll select the "Yes" option since the solution description matches the goal.
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Elli
11 months ago
I feel like I need to double-check what each adjustment actually affects. (b) and (e) seem crucial, but I can't recall what (d) really entails.
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Hassie
11 months ago
This seems straightforward. Enabling OneDrive for Business is a great way to provide the sales team with the storage they need without incurring high costs. I'm confident this is the right solution.
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Mitsue
11 months ago
This seems straightforward to me. The two parameters that determine priority in a hierarchical scheduler are CIR and CIR weight. Those control how the extra bandwidth is allocated beyond the committed rate. I'm confident I can answer this one correctly.
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Paris
11 months ago
Hmm, I'm not too sure about this one. The question is a bit technical and I'm not super familiar with the ILS and Cisco Unified Communications Manager services. I'll have to think about this one a bit more.
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