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ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 70 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 70
Topic #: 4
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following statements is FALSE?

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Suggested Answer: B

by Izetta at Sep 02, 2023, 08:26 AM

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Mindy
2 days ago
A is false, controls can be very effective in preventing theft and fraud if people know about them. Gotta make those controls visible!
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Stefany
4 days ago
Haha, I guess the company hotline is there for employees to report their own fraud attempts! Just kidding, C is the correct one.
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Benedict
12 days ago
I believe D) is also false, conducting covert audits can be effective in preventing fraud
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Geraldine
13 days ago
B seems right to me. It is definitely harder to detect frauds than to prevent them in the first place.
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Titus
13 days ago
I agree with Loreen, controls can be effective in preventing theft and fraud
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Felice
17 days ago
I think the correct answer is D. Conducting covert audits is not the most effective fraud prevention method, it's more for detection. Prevention should focus on controls and education.
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Erasmo
3 days ago
I agree, controls and education are key for fraud prevention.
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Loreen
18 days ago
I think the false statement is A)
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