ACFE Exam CFE-Fraud-Prevention-and-Deterrence 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?

AThe legal and regulatory environment in which the organization operates

BThe ability of the framework to remain static during changes in the corporate landscape

CThe organization's ethical environment

DThe organization's cultural environment

Show Suggested Answer

Suggested Answer: D

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

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Delbert

1 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

4 days ago

Maximizing profits at all costs

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Alida

20 days ago

Ethical considerations

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Josefa

21 days ago

Shareholder activism

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Genevive

22 days ago

Compliance with laws and regulations

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Shawnna

1 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

7 days ago

Ethics is essential for building trust and credibility in the organization.

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Frankie

11 days ago

I agree, ethics should not just be considered, but actively promoted within the organization.

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Lashawnda

20 days ago

True, ethics should be a fundamental part of the corporate governance framework.

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Lucina

2 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

3 days ago

I see your point. It's important to prioritize factors like legal requirements and shareholder interests.

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Zachary

4 days 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

5 days ago

D) Employee satisfaction

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Lazaro

6 days ago

I agree, ethics should definitely be a core part of the framework.

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Reta

13 days ago

C) Ethics

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An

29 days ago

B) Shareholder interests

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Katlyn

1 months ago

A) Legal requirements

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Larae

2 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

21 days 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

23 days ago

C) Shareholder expectations

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Kendra

1 months ago

B) Maintaining a static framework

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Ty

2 months ago

A) Legal and regulatory requirements

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Corazon

3 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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