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Exam CFE - Fraud Prevention All Questions

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Exam CFE - Fraud Prevention topic 1 question 17 discussion

Actual exam question from ACFE's CFE - Fraud Prevention
Question #: 17
Topic #: 1
[All CFE - Fraud Prevention Questions]

Which of the following is NOT included in the five fraud risk management principles described in Fraud Risk Management Guide, a joint publication by COSO and the ACFE?

  • A. Performing comprehensive fraud risk assessments to identify specific fraud schemes
  • B. Developing preventive and detective fraud control activities
  • C. Communicating the expectations of these governing the fraud risk management program
  • D. Eliminating all known fraud vulnerabilities in the organization
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Suggested Answer: C 🗳️
by vynyfulu at April 5, 2025, 12:29 p.m.

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_denw
20 hours, 11 minutes ago
Selected Answer: D
The COSO/ACFE Fraud Risk Management Guide promotes managing and mitigating fraud risks—not completely eliminating them, which is unrealistic.
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