ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 98 Discussion

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

Question #: 98
Topic #: 4

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

Stevens, a Certified Fraud Examiner (CFE), was hired to conduct a fraud examination at ABC Company. His examination did not reveal any conclusive evidence that fraud had occurred or was occurring. Consequently, ABC's management asked Stevens to state in his official examination report that the organization is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. Under the ACFE Code of Professional Ethics. Stevens is permitted to comply with management's request based on the findings of his examination.

ATrue

BFalse

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Suggested Answer: A

by Kaitlyn at Oct 19, 2024, 09:43 AM

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Lili

1 months ago

Nope, nope, nope. If there's no conclusive evidence of fraud, then that's what the report should say. Trying to cover it up would be a huge breach of the code of ethics. Stevens, don't fall for the pressure!

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Amie

1 months ago

Wow, talk about creative accounting! Management wants to cook the books, but Stevens has to stick to the facts. I guess they don't understand the meaning of 'independent examination'.

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Sherron

20 days ago

Management should focus on improving controls, not manipulating examination reports.

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Janna

23 days ago

It's important to maintain independence and integrity in fraud examinations.

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Margarita

24 days ago

Stevens should report what he found, not what management wants to hear.

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Nell

2 months ago

Haha, nice try ABC Company! I'm not falling for that one. Stevens knows better than to compromise his ethics just because the boss wants a clean bill of health.

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Joseph

6 days ago

Stevens: I have to follow the ACFE Code of Professional Ethics, I can't compromise my integrity.

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Evangelina

8 days ago

ABC Company Management: But we need assurance for the board of directors.

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Bonita

1 months ago

Stevens: I can't state that the organization is free of fraud if I didn't find conclusive evidence.

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Earleen

2 months ago

Absolutely not! The ACFE Code of Professional Ethics strictly prohibits us from making such a misleading statement, even if management requests it. Our integrity as fraud examiners is paramount.

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Shawnna

11 days ago

We must always prioritize honesty and ethical behavior in our work, regardless of external pressures.

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Rodolfo

17 days ago

Agreed, our credibility as Certified Fraud Examiners is at stake if we make misleading statements.

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Mitsue

20 days ago

It's important to adhere to the ACFE Code of Professional Ethics and report our findings accurately.

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Wava

1 months ago

We can't compromise our integrity as fraud examiners, even if management asks us to.

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Brynn

2 months ago

I see your point, but maybe Stevens can provide a disclaimer in the report about the limitations of his examination.

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Hailey

3 months ago

But isn't it unethical to state that the organization is free of fraud without conclusive evidence?

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Brynn

3 months ago

I think Stevens should comply with management's request.

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