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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 3 Question 78 Discussion

Which of the following is TRUE regarding corporate governance?
A) Fraud risk management is considered to be the foundation of effective corporate governance
B) Corporate governance's primary purpose is to ensure the accuracy of the organization's financial reports
C) Effective corporate governance practices are most necessary in an organization in which the owners are also the individuals responsible for setting the corporate strategy.
D) An entity's corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization

ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 3 Question 78 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 78
Topic #: 3
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following is TRUE regarding corporate governance?

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Suggested Answer: A

by Catarina at Mar 09, 2024, 09:47 PM

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Socorro
9 months ago
C seems a bit misleading, not always the case.
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Jeannetta
9 months ago
Totally agree with D, rights and responsibilities matter!
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Yuriko
10 months ago
Wait, are we sure A is the foundation? Sounds off.
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Galen
10 months ago
I think B is more accurate, financial accuracy is key!
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Ivette
10 months ago
D is definitely true, governance outlines roles clearly.
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Carmen
10 months ago
I vaguely recall that corporate governance is about more than just financial accuracy, so I’m leaning away from B.
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Bambi
11 months ago
I’m a bit torn between A and D. I know fraud risk is important, but I feel like the structure of governance is also crucial.
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Carissa
11 months ago
I think I came across a practice question that mentioned the importance of rights and responsibilities in governance structures. Option D sounds familiar.
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Moon
11 months ago
I remember discussing how corporate governance involves more than just fraud risk management, but I’m not sure which option really captures its essence.
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Billy
11 months ago
The ownership structure and separation of ownership and management is a critical factor in effective corporate governance, so option C seems relevant.
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Laticia
11 months ago
Fraud risk management is important, but I'm not sure if it's considered the foundation of corporate governance. I'll have to think about that one a bit more.
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Willard
11 months ago
The distribution of rights and responsibilities among participants in the organization is definitely a core part of corporate governance, so I'm leaning towards option D.
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Reena
11 months ago
This question seems straightforward, but I want to make sure I understand the key aspects of corporate governance before selecting an answer.
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Mee
11 months ago
Ensuring accurate financial reporting is a key purpose of corporate governance, but I don't think that's the primary purpose. I'll rule out option B.
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Nana
11 months ago
Hmm, I'm not sure which tool would be best here. I'll need to think this through carefully.
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Jeannine
11 months ago
The key here is that analog beamforming can only transmit one beam at a time, so option D is the right choice. I feel confident about this one.
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Margret
11 months ago
Hmm, I'm a bit unsure about this one. The options seem similar, and I want to make sure I understand the key responsibilities of the information security manager in this context.
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Theodora
11 months ago
Poor Password Management? That doesn't seem quite right. I feel like the OWASP Top 10 focuses more on technical vulnerabilities rather than human factors. I'll have to double-check the details on this one.
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Justine
11 months ago
Hmm, I'm leaning towards Affinity Estimation if there's a small number of stories. Planning Poker might be overkill in that case.
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Karon
2 years ago
I'm not sure. I think option C could also be true. Owners setting strategy need good governance practices to maintain control.
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Cordie
2 years ago
I agree with Edelmira. Option D makes sense because clarity in roles and responsibilities is key for effective governance.
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Edelmira
2 years ago
I disagree with Raelene. I believe option D is true. Corporate governance structure defines roles and responsibilities clearly.
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Raelene
2 years ago
I think option A is correct. Fraud risk management is crucial for good corporate governance.
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Howard
2 years ago
I'm not sure. I think option C could also be true. Owners setting strategy need good governance practices to maintain control.
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Leonor
2 years ago
I agree with Stephaine. Option D makes sense because clarity in roles and responsibilities is key for effective governance.
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Stephaine
2 years ago
I disagree with Jackie. I believe option D is true. Corporate governance structure defines roles and responsibilities clearly.
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Jackie
2 years ago
I think option A is correct. Fraud risk management is crucial for good corporate governance.
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