ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 56 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam

Question #: 56
Topic #: 4

[All CFE-Fraud-Prevention-and-Deterrence Questions]

In identifying the inherent fraud risks that could apply to the organization, the fraud risk assessment team should discuss:

AThe organization's incentive programs

BThe possibility of management's override of controls

CRisks to the organization's reputation

DAll of the above

Show Suggested Answer

Suggested Answer: D

by Helaine at Oct 24, 2022, 04:59 AM

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Ronny

4 months ago

I think "all of the above" makes the most sense here.

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Ty

4 months ago

Reputation risks can be a game changer for any organization.

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Margo

4 months ago

Wait, are incentive programs really a big risk?

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Fidelia

5 months ago

I agree, all of these factors are crucial!

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Simona

5 months ago

Definitely need to consider management's override of controls.

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Kallie

5 months ago

I’m a bit uncertain about the reputation risks. I know they matter, but I can’t recall how they tie into the fraud risk assessment process.

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Hannah

5 months ago

I feel like we practiced a question similar to this, and I think the answer was "all of the above." It makes sense since they all contribute to fraud risk.

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Malika

5 months ago

I think all of the options are important, especially the incentive programs. They can really drive unethical behavior if not managed properly.

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Dottie

5 months ago

I remember we discussed how management override of controls is a significant risk, but I'm not sure if it's the only thing we should focus on.

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Elke

5 months ago

Hmm, I'm a little unsure about the differences between M-LAG setup for HPE Synergy and HPE BladeSystem. I'll need to review those details.

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Curtis

5 months ago

I'm pretty confident the answer is A. "Input.baseprice" seems to match the JSON structure the best, and the question is specifically asking about the Base Price field.

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Kaitlyn

5 months ago

Okay, I've read the question a few times now. I think the key is understanding what the "primary purpose" of ERP systems is. B seems like the best fit based on that.

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Cletus

5 months ago

I think I practiced a similar question about local preference in BGP. The answer probably involves routes originating from AS 65517, but I can't recall the specific preference value we discussed.

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