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

Which of the following is NOT a factor that directors and management should consider when developing a corporate governance framework for an organization?
D) The organization's cultural environment
A) The legal and regulatory environment in which the organization operates
B) The ability of the framework to remain static during changes in the corporate landscape
C) The organization's ethical environment

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
8 months ago
B is just wrong, frameworks need to adapt!
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Jovita
8 months ago
The organization's culture plays a big role in governance!
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Chaya
8 months ago
Wait, can a framework really stay static? Sounds off.
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Trinidad
9 months ago
Totally agree, B is definitely not a factor!
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Billye
9 months ago
The legal and regulatory environment is crucial for governance.
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Dana
9 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
9 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
9 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
10 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
10 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
10 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
10 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
10 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
1 year 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
1 year ago
Maximizing profits at all costs
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Alida
1 year ago
Ethical considerations
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Josefa
1 year ago
Shareholder activism
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Genevive
1 year ago
Compliance with laws and regulations
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Shawnna
1 year 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
1 year ago
Ethics is essential for building trust and credibility in the organization.
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Frankie
1 year ago
I agree, ethics should not just be considered, but actively promoted within the organization.
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Lashawnda
1 year ago
True, ethics should be a fundamental part of the corporate governance framework.
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Lucina
1 year 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
1 year ago
I see your point. It's important to prioritize factors like legal requirements and shareholder interests.
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Zachary
1 year 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
1 year ago
D) Employee satisfaction
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Lazaro
1 year ago
I agree, ethics should definitely be a core part of the framework.
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Reta
1 year ago
C) Ethics
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An
1 year ago
B) Shareholder interests
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Katlyn
1 year ago
A) Legal requirements
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Larae
1 year 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
1 year 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
1 year ago
C) Shareholder expectations
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Kendra
1 year ago
B) Maintaining a static framework
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Ty
1 year ago
A) Legal and regulatory requirements
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Corazon
1 year 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
1 year 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
1 year ago
D) The organization's cultural environment
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Edward
1 year ago
C) The organization's ethical environment
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Marva
1 year ago
B) The ability of the framework to remain static during changes in the corporate landscape
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Nadine
1 year ago
A) The legal and regulatory environment in which the organization operates
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Herminia
1 year 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
1 year 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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