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

Which of the following statements is FALSE?
B) Most experts agree that it is harder to detect frauds than to prevent them
A) Controls are not effective in preventing theft and fraud If those at risk do not know of their presence
C) Educating employees about company hotlines and reporting programs increases their perception of detection
D) Conducting covert audits is among the most effective fraud prevention methods

ACFE CFE-Fraud-Prevention-and-Deterrence Exam - 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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Monroe
9 months ago
I’m not so sure about D, sounds a bit too good to be true.
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Leonardo
10 months ago
C makes sense, education is key for detection.
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Chantell
10 months ago
Wait, can covert audits really be that effective?
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Cristal
10 months ago
Totally agree with B, detection is way harder!
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Alysa
10 months ago
I think A is definitely false.
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Glory
11 months ago
I’m not confident, but I think C might be the false statement. Educating employees should help, but I’m not sure if it really increases their perception of detection.
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Miss
11 months ago
I’m leaning towards D being false, but I can’t recall the specifics. Covert audits seem effective, but I wonder if they really prevent fraud in the long run.
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Raymon
11 months ago
I feel like I’ve seen a question similar to this before, and I think B is true. Detecting fraud is definitely more challenging than preventing it.
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Alva
11 months ago
I think option A sounds a bit off, but I’m not completely sure. I remember discussing how awareness of controls is crucial.
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Shawna
11 months ago
Ah, I see what they're getting at now. Stockout frequency is the probability that a firm will run out of inventory, not a single event. I'm confident that A is the right answer here.
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Jovita
11 months ago
I'm pretty confident that the correct answers are Case and Case Comment. Those seem like the most logical choices for handling incident and resolution data in a Salesforce.org environment.
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Lonna
11 months ago
Okay, I think I've got this. The subnet mask is /26, which means 26 bits are used for the network portion and 6 bits are left for the host portion. That gives us 2^6 - 2 = 62 available host addresses.
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Leonida
11 months ago
This seems like a straightforward question about defining SLOs based on the provided performance data. I think I can handle this one.
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Erinn
1 year 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
1 year ago
C. I agree, employees need to be aware of the controls for them to be effective.
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Tatum
1 year ago
B. I think it's actually C. The controls should be visible at all times.
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Valentin
1 year ago
A. You're right, hiding controls without proper training is not effective.
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Mindy
1 year 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
1 year 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
1 year 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 year ago
I think B is false, because controls are not always effective in preventing theft and fraud.
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Annmarie
1 year 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
1 year 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
1 year ago
I believe D) is also false, conducting covert audits can be effective in preventing fraud
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Geraldine
1 year 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 year ago
Preventing fraud is definitely key to avoiding issues.
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Jerrod
1 year ago
I agree, detecting fraud can be quite challenging.
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Titus
1 year ago
I agree with Loreen, controls can be effective in preventing theft and fraud
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Felice
1 year 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
1 year ago
I see your point, conducting covert audits is more for detection rather than prevention.
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Adolph
1 year ago
I believe C is the false statement, educating employees is important for detection.
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Alline
1 year ago
I think B is false, detecting fraud is definitely harder than preventing it.
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Erasmo
1 year ago
I agree, controls and education are key for fraud prevention.
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Loreen
1 year ago
I think the false statement is A)
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