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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 21 Discussion

Which of the following best describes the purpose of The National Commission on Fraudulent Financial Reporting (the Treadway Commission)?A Studying the effect of the threat of vicarious liability on the behavior of corporate executives
C) Defining the responsibility of the auditor in preventing and detecting fraud
B) Designing a model corporate compliance program
D) Determining the specific requirements of the Principles of Risk Management

ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 21 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 21
Topic #: 4
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following best describes the purpose of The National Commission on Fraudulent Financial Reporting (the Treadway Commission)?

A Studying the effect of the threat of vicarious liability on the behavior of corporate executives

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Suggested Answer: C

by Gertude at May 09, 2022, 08:27 AM

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Tamekia
10 months ago
I thought it was more about compliance programs, but C makes sense.
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Alfreda
10 months ago
The Treadway Commission was formed in 1985, just FYI.
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Meghann
11 months ago
Wait, are we sure it's not B? That sounds plausible too.
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Corazon
11 months ago
Totally agree, C is the right choice!
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Laurel
11 months ago
It's all about defining auditor responsibilities!
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Haydee
11 months ago
Okay, I've got a strategy for this. I'll focus on understanding the key details about the productName and product:d fields, and then I'll evaluate each answer choice to see which one makes the most sense.
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Vonda
11 months ago
This seems straightforward enough. I'll start by calculating the F-statistic and then compare it to the critical value to see which answer choice matches. As long as I don't make any silly mistakes, I think I can get this one right.
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Kayleigh
11 months ago
Ah, I've used the Logdump command before to check trail file details. I think the REPORTCOUNT option is the one that would give me the number of change records, but I'll double-check the others just to be sure.
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Lakeesha
11 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the different options and the requirements for running multiple Runtime Resources.
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Yuki
11 months ago
I think it's exploratory testing because they are actively scanning for issues and gathering feedback on their experience. It sounds familiar from our practice sessions.
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