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

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?
D) Review and revision
A) Event avoidance
B) Risk tolerance
C) Compliance

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?

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Suggested Answer: D

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

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Taryn
8 months ago
I thought review and revision was part of the process too!
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Bonita
9 months ago
Really? I thought event avoidance was a bigger deal.
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Marisha
9 months ago
Wait, isn't compliance also super important?
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Naomi
9 months ago
I agree, risk tolerance is key in ERM.
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Phung
9 months ago
Definitely think it's B, risk tolerance!
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Ronnie
9 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
9 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
9 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
10 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
10 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
10 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
1 year 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
1 year ago
Let's double check the COSO framework to be sure.
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Veronika
1 year ago
I'm sticking with B on this one.
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Rosann
1 year ago
Oh really? I'm pretty sure it's A.
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Merlyn
1 year ago
I think it's actually C, not D.
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Rene
1 year ago
Let's double check the COSO framework to be sure.
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Sharita
1 year ago
I'm sticking with B on this one.
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Gerald
1 year ago
Oh really? I'm pretty sure it's A.
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Janessa
1 year 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
1 year ago
Yeah, I agree. Strategic objectives seem to be a key component.
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Apolonia
1 year 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
1 year ago
Operating environment can impact the success of ERM strategies.
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Thad
1 year ago
Independent monitoring is essential for effective risk management.
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Gearldine
1 year ago
I think risk tolerance is also important for ERM.
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Maurine
1 year 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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