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

Which of the following statements is FALSE?

AControls are not effective in preventing theft and fraud If those at risk do not know of their presence

BMost experts agree that it is harder to detect frauds than to prevent them

CEducating employees about company hotlines and reporting programs increases their perception of detection

DConducting covert audits is among the most effective fraud prevention methods

Suggested Answer: B

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34 comments · newest first

Monroe 11 months ago

I’m not so sure about D, sounds a bit too good to be true.

Leonardo 11 months ago

C makes sense, education is key for detection.

Chantell 12 months ago

Wait, can covert audits really be that effective?

Cristal 12 months ago

Totally agree with B, detection is way harder!

Alysa 12 months ago

I think A is definitely false.

Glory 1 year 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.

Miss 1 year 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.

Raymon 1 year 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.

Alva 1 year ago

I think option A sounds a bit off, but I’m not completely sure. I remember discussing how awareness of controls is crucial.

Shawna 1 year 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.

Jovita 1 year 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.

Lonna 1 year 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.

Leonida 1 year ago

This seems like a straightforward question about defining SLOs based on the provided performance data. I think I can handle this one.

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!

Leeann 1 year ago

↳ replying to Erinn

C. I agree, employees need to be aware of the controls for them to be effective.

Tatum 1 year ago

↳ replying to Erinn

B. I think it's actually C. The controls should be visible at all times.

Valentin 1 year ago

↳ replying to Erinn

A. You're right, hiding controls without proper training is not effective.

Mindy 2 years ago

A is false, controls can be very effective in preventing theft and fraud if people know about them. Gotta make those controls visible!

Apolonia 1 year ago

↳ replying to Mindy

I believe D is false, controls can be effective in preventing theft and fraud if they are regularly updated and adapted to new threats.

Thaddeus 1 year ago

↳ replying to Mindy

I agree, C is false because controls can only be effective if they are properly implemented and monitored.

Laurel 1 year ago

↳ replying to Mindy

I think B is false, because controls are not always effective in preventing theft and fraud.

Annmarie 1 year ago

↳ replying to Mindy

A is false, controls can be very effective in preventing theft and fraud if people know about them. Gotta make those controls visible!

Stefany 2 years ago

Haha, I guess the company hotline is there for employees to report their own fraud attempts! Just kidding, C is the correct one.

Benedict 2 years ago

I believe D) is also false, conducting covert audits can be effective in preventing fraud

Geraldine 2 years ago

B seems right to me. It is definitely harder to detect frauds than to prevent them in the first place.

Ruby 1 year ago

↳ replying to Geraldine

Preventing fraud is definitely key to avoiding issues.

Jerrod 1 year ago

↳ replying to Geraldine

I agree, detecting fraud can be quite challenging.

Titus 2 years ago

I agree with Loreen, controls can be effective in preventing theft and fraud

Felice 2 years 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.

Micaela 1 year ago

↳ replying to Felice

I see your point, conducting covert audits is more for detection rather than prevention.

Adolph 1 year ago

↳ replying to Felice

I believe C is the false statement, educating employees is important for detection.

Alline 1 year ago

↳ replying to Felice

I think B is false, detecting fraud is definitely harder than preventing it.

Erasmo 2 years ago

↳ replying to Felice

I agree, controls and education are key for fraud prevention.

Loreen 2 years ago

I think the false statement is A)

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