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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
6 months ago
I thought it was more about compliance programs, but C makes sense.
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Alfreda
6 months ago
The Treadway Commission was formed in 1985, just FYI.
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Meghann
6 months ago
Wait, are we sure it's not B? That sounds plausible too.
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Corazon
6 months ago
Totally agree, C is the right choice!
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Laurel
6 months ago
It's all about defining auditor responsibilities!
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Haydee
7 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
7 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
7 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
7 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
7 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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