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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 47 Discussion

Which of the following is NOT a way that an organization's fraud risk assessment should be incorporated into the audit process''
A) It should be used to replace the auditor's own identification and assessment of fraud risks.
B) It should be used to assess whether there is a moderate-to-high risk of management override of internal controls within the moderate-to-high fraud risk areas
C) It should be used to increase awareness in the development of audit programs for areas that have been identified as having a moderate-to-high risk of fraud.
D) It should be used to design audit tests to evaluate whether the controls are operating effectively

ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 47 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 47
Topic #: 4
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following is NOT a way that an organization's fraud risk assessment should be incorporated into the audit process''

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Suggested Answer: A

by Albina at May 05, 2022, 12:14 AM

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Gwenn
10 months ago
D makes sense too, but I wonder how often it's actually done.
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Arthur
10 months ago
B and C are super important for effective audits!
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Kattie
11 months ago
Wait, can we really just replace the auditor's judgment? Seems risky.
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Sherly
11 months ago
Totally agree, the auditor's own assessment is crucial!
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Gail
11 months ago
A is definitely NOT how it should be done.
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Oneida
11 months ago
I feel pretty confident about this one. The relationship they're looking for is "Satisfy" - the solution artifacts need to satisfy the requirement.
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Regenia
11 months ago
Okay, I think I've got this. If a trusted subsystem is compromised, that could potentially expose the core service logic, the underlying resources it accesses, and even other services in the inventory. I'll go with option D.
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Shakira
11 months ago
PERT? Isn't that more related to project management? I don't think that's Drucker's main contribution. Let me review my notes on his key ideas again.
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Francene
11 months ago
Hmm, this looks like a tricky one. I'll need to think carefully about the different configuration modes in Cisco IOS XR and which one is specifically used for BGP keychains.
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Louann
11 months ago
Okay, I've got this. The key is to implement features that provide both data redundancy and fast recovery in case of a disaster. I'd go with binary logging and automated backups - that should give us the best protection for our critical transaction data.
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