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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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Erinn
2 months ago
I'm going with A. You can't just hide the controls and expect them to work. Employees need to be aware of them!
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Leeann
22 days ago
C. I agree, employees need to be aware of the controls for them to be effective.
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Tatum
29 days ago
B. I think it's actually C. The controls should be visible at all times.
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Valentin
1 months ago
A. You're right, hiding controls without proper training is not effective.
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Mindy
2 months 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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Apolonia
15 days ago
I believe D is false, controls can be effective in preventing theft and fraud if they are regularly updated and adapted to new threats.
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Thaddeus
22 days ago
I agree, C is false because controls can only be effective if they are properly implemented and monitored.
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Laurel
1 months ago
I think B is false, because controls are not always effective in preventing theft and fraud.
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Annmarie
2 months 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
2 months 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
2 months ago
I believe D) is also false, conducting covert audits can be effective in preventing fraud
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Geraldine
2 months 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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Ruby
1 months ago
Preventing fraud is definitely key to avoiding issues.
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Jerrod
1 months ago
I agree, detecting fraud can be quite challenging.
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Titus
2 months ago
I agree with Loreen, controls can be effective in preventing theft and fraud
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Felice
3 months 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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Micaela
27 days ago
I see your point, conducting covert audits is more for detection rather than prevention.
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Adolph
28 days ago
I believe C is the false statement, educating employees is important for detection.
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Alline
2 months ago
I think B is false, detecting fraud is definitely harder than preventing it.
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Erasmo
2 months ago
I agree, controls and education are key for fraud prevention.
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Loreen
3 months ago
I think the false statement is A)
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