ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 65 Discussion

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

Question #: 65
Topic #: 4

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

Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management---Integrating with Strategy and Performance?

AEvent avoidance

BRisk tolerance

CCompliance

DReview and revision

Show Suggested Answer

Suggested Answer: D

by Justine at Apr 25, 2023, 01:04 PM

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Taryn

5 months ago

I thought review and revision was part of the process too!

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Bonita

6 months ago

Really? I thought event avoidance was a bigger deal.

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Marisha

6 months ago

Wait, isn't compliance also super important?

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Naomi

6 months ago

I agree, risk tolerance is key in ERM.

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Phung

6 months ago

Definitely think it's B, risk tolerance!

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Ronnie

6 months ago

I feel like "Event avoidance" could be part of it, but I also recall "Risk tolerance" being emphasized in our study materials.

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Melina

6 months ago

I’m a bit confused; I thought compliance was more about regulations rather than a component of the COSO framework.

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Jennifer

6 months ago

I remember practicing a question similar to this, and I think "Review and revision" was mentioned as a key component.

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Wayne

7 months ago

I think one of the components is related to risk tolerance, but I'm not entirely sure if that's the exact term they used in the framework.

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Yasuko

7 months ago

Hmm, I'm a bit confused about the different RADIUS server attributes mentioned in the options. I'll need to review those details carefully.

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German

7 months ago

Editing all transactions that make up the sales forecast sounds like a useful feature, so I'll go with option A.

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Dannie

12 months ago

I'm going with D. Gotta love those COSO acronyms, am I right? They really keep you on your toes!

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Malinda

10 months ago

Let's double check the COSO framework to be sure.

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Veronika

10 months ago

I'm sticking with B on this one.

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Rosann

10 months ago

Oh really? I'm pretty sure it's A.

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Merlyn

10 months ago

I think it's actually C, not D.

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Rene

10 months ago

Let's double check the COSO framework to be sure.

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Sharita

10 months ago

I'm sticking with B on this one.

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Gerald

11 months ago

Oh really? I'm pretty sure it's A.

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Janessa

11 months ago

I think it's actually C, not D.

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Joseph

1 year ago

D sounds like the most logical answer to me. Governance and culture are essential for effective enterprise risk management.

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Erasmo

1 year ago

Hmm, I'm not sure about this one. I was thinking it might be C, risk tolerance. But I guess D makes sense too.

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Paris

11 months ago

Yeah, I agree. Strategic objectives seem to be a key component.

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Apolonia

12 months ago

I think it's D, strategic objectives.

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Alaine

1 year ago

I'm not sure, but I think C) Risk tolerance is also important in managing risks effectively.

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Dacia

1 year ago

I think the answer is D. Governance and culture is definitely one of the key components of COSO's ERM framework.

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Sherman

11 months ago

Operating environment can impact the success of ERM strategies.

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Thad

11 months ago

Independent monitoring is essential for effective risk management.

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Gearldine

11 months ago

I think risk tolerance is also important for ERM.

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Maurine

12 months ago

I agree, governance and culture play a crucial role in ERM.

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Janey

1 year ago

I agree with Felton, governance and culture are crucial components for integrating risk management with strategy and performance.

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Felton

1 year ago

I think the answer is D) Governance and culture.

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