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

Actual exam question for ACFE's Certified Fraud Examiner - Fraud Prevention and Deterrence Exam exam

Question #: 24
Topic #: 3

[All Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Questions]

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

AManagement must assign a quantitative measure to its risk appetite so that it can accurately measure the fraud risk management program s effectiveness

BManagement should express risk appetite in a manner that is appropriate for and unique to the organization s culture and operations.

CManagement should examine previous fraud occurrences to determine how the ideal fraud risk management program would have prevented them.

DManagement must consider the total amount of fraud risk it is willing to accept when determining fraud risk management objectives

Show Suggested Answer

Suggested Answer: D

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

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