ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 89 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam

Question #: 89
Topic #: 4

[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following is TRUE regarding G20/OECD Principles of Corporate Governance (the Principles)?

AThe Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them

BThe Principles state that an entity's corporate governance framework should discourage active cooperation between corporations and stakeholders in creating wealth.

CThe Principles are intended to be applicable in developed economies but not in emerging markets.

DThe Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders.

Show Suggested Answer

Suggested Answer: B

by Sommer at Jul 18, 2024, 01:03 PM

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Shawnna

1 months ago

Hmm, I wonder if the OECD principles also include a clause about not throwing staplers at your co-workers during board meetings. Just a thought.

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Fredric

10 days ago

It's more about promoting good governance practices within companies.

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Marisha

14 days ago

The Principles focus on transparency, accountability, and shareholder rights.

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Winfred

24 days ago

I don't think throwing staplers at co-workers is covered in the OECD principles.

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Moon

2 months ago

A is tempting, but I don't think the Principles are mandatory. They're more like guidelines for companies to follow.

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Janey

11 days ago

It's true that the Principles are not legally binding, but they are widely recognized as best practices for corporate governance.

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Sheron

14 days ago

Yes, they are voluntary, but many companies choose to follow them to improve transparency and accountability.

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Sherell

18 days ago

I agree, the Principles are not mandatory, but they do provide a framework for good corporate governance.

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Catherin

2 months ago

C can't be right, the Principles are intended to be applicable globally, not just in developed economies. Emerging markets need good corporate governance too!

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Elden

8 days ago

D: It's important for all countries to adhere to the Principles.

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Layla

14 days ago

C: The Principles are not limited to developed economies.

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Josphine

1 months ago

B: That's correct, emerging markets also need good corporate governance.

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Kathrine

2 months ago

A: The Principles are intended to be applicable globally, not just in developed economies.

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Carolann

2 months ago

B seems like it's the opposite of what the Principles are trying to achieve. Discouraging cooperation between corporations and stakeholders? That doesn't sound right at all.

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Willow

2 months ago

I'm not sure, but I think D is correct too. It just seems like the most logical choice.

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Pamella

2 months ago

I agree with Georgiana, D makes sense because it's important for shareholders to be treated fairly.

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Paulene

3 months ago

I'm pretty sure the correct answer is D. The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders.

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