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

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

AIt should be used to replace the auditor's own identification and assessment of fraud risks.

BIt 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

CIt 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.

DIt should be used to design audit tests to evaluate whether the controls are operating effectively

Suggested Answer: A

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10 comments · newest first

Gwenn 12 months ago

D makes sense too, but I wonder how often it's actually done.

Arthur 12 months ago

B and C are super important for effective audits!

Kattie 1 year ago

Wait, can we really just replace the auditor's judgment? Seems risky.

Sherly 1 year ago

Totally agree, the auditor's own assessment is crucial!

Gail 1 year ago

A is definitely NOT how it should be done.

Oneida 1 year ago

I feel pretty confident about this one. The relationship they're looking for is "Satisfy" - the solution artifacts need to satisfy the requirement.

Regenia 1 year 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.

Shakira 1 year 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.

Francene 1 year 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.

Louann 1 year 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.

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