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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 3 Question 69 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 69
Topic #: 3
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following is NOT a factor that directors and management should consider when developing a corporate governance framework for an organization?

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Suggested Answer: D

by Carma at Aug 09, 2023, 11:29 AM

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Felicidad
3 months ago
B is just wrong, frameworks need to adapt!
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Jovita
4 months ago
The organization's culture plays a big role in governance!
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Chaya
4 months ago
Wait, can a framework really stay static? Sounds off.
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Trinidad
4 months ago
Totally agree, B is definitely not a factor!
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Billye
4 months ago
The legal and regulatory environment is crucial for governance.
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Dana
5 months ago
I recall that cultural factors are important too, but I think the static framework idea might be the odd one out here.
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Willie
5 months ago
I’m a bit confused about option B. Can a governance framework really stay static? That doesn’t sound right to me.
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Isaiah
5 months ago
I remember a practice question where we discussed the importance of ethical considerations. So, I feel like options A, C, and D are all relevant.
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Bernardo
5 months ago
I think the legal and regulatory environment is definitely a factor, but I'm not sure about the static nature of the framework. That seems off.
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Erick
5 months ago
I'm a bit confused on this one. The categories don't seem super clear to me. I'm going to have to review my notes on IAS 19 to make sure I understand the key types of employee benefits covered. I'll go with Option C for now, but I'm not 100% confident.
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Joanna
5 months ago
Hmm, I'm not sure about this one. I'm debating between B - Lookup and C - Roll-up Summary. I'll need to think it through carefully to make sure I understand the requirements fully.
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Maurine
5 months ago
I'm leaning towards option D, but I want to make sure I understand the differences between the internal audit team, the ISO27001 framework, and the cloud provider's approach. I'll need to review those before making a final decision.
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Sabra
5 months ago
I'm confident that the correct answer is C. Descriptive analysis can give you valuable insights that you wouldn't get from other methods.
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Delbert
10 months ago
Haha, I bet the directors would love a 'set it and forget it' kind of framework. Too bad that's not how the real world works.
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Laine
9 months ago
Maximizing profits at all costs
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Alida
9 months ago
Ethical considerations
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Josefa
9 months ago
Shareholder activism
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Genevive
9 months ago
Compliance with laws and regulations
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Shawnna
10 months ago
Really? Ethics? That's a given. The framework should be designed to promote ethical behavior, not just 'consider' it.
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Noah
9 months ago
Ethics is essential for building trust and credibility in the organization.
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Frankie
9 months ago
I agree, ethics should not just be considered, but actively promoted within the organization.
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Lashawnda
9 months ago
True, ethics should be a fundamental part of the corporate governance framework.
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Lucina
10 months ago
Hmm, I was thinking C) might be the answer. Ethics should be a core part of the framework, not something to consider separately.
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Lashon
9 months ago
I see your point. It's important to prioritize factors like legal requirements and shareholder interests.
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Zachary
9 months ago
Yes, I think D) is the correct answer. Employee satisfaction is important but not a factor in developing the corporate governance framework.
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Evan
9 months ago
D) Employee satisfaction
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Lazaro
9 months ago
I agree, ethics should definitely be a core part of the framework.
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Reta
9 months ago
C) Ethics
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An
9 months ago
B) Shareholder interests
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Katlyn
9 months ago
A) Legal requirements
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Larae
10 months ago
I agree, B) is the odd one out here. The framework should be able to evolve with the company, not remain static.
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Melda
9 months ago
I agree, B) is the odd one out here. The framework should be able to evolve with the company, not remain static.
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Cheryll
9 months ago
C) Shareholder expectations
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Kendra
10 months ago
B) Maintaining a static framework
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Ty
10 months ago
A) Legal and regulatory requirements
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Corazon
11 months ago
You make a good point, cultural environment can definitely impact corporate governance. It's important to have a framework that can adapt to changes in culture.
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Rory
11 months ago
B) is clearly the correct answer. A good corporate governance framework needs to be dynamic and adaptable to changes in the organization.
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Winfred
9 months ago
D) The organization's cultural environment
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Edward
10 months ago
C) The organization's ethical environment
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Marva
10 months ago
B) The ability of the framework to remain static during changes in the corporate landscape
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Nadine
10 months ago
A) The legal and regulatory environment in which the organization operates
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Herminia
11 months ago
I disagree, I believe it's D) The organization's cultural environment because that is an important factor to consider.
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Corazon
11 months ago
I think the answer is B) The ability of the framework to remain static during changes in the corporate landscape.
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