ACFE CFE-Fraud-Prevention-and-Deterrence Exam With Confidence Using Practice Dumps

Fraud Response Responsibilities:

Management is responsible for responding to fraud because they oversee the organization's operations, culture, and compliance frameworks.

Other parties, such as internal auditors and the audit committee, provide oversight and recommendations but do not directly implement responses.

Conclusion:Management has the ultimate responsibility for responding appropriately to fraud.

Communication of Fraud Risk Assessment Process:Effective communication ensures that employees understand the objectives and importance of the fraud risk assessment process. The following practices contribute to its success:

A. Personalization:Personalized communication increases engagement by making the information relevant to employees' roles and responsibilities.

B. Appropriateness to Culture:Aligning the communication format with the organization's culture ensures clarity and resonance.

C. Visibility:Disseminating communication broadly reinforces its significance and encourages widespread participation.

Why All Options are Correct:

Fraud risk assessments require buy-in and participation across all levels of the organization. Combining personalization, cultural alignment, and visibility creates an effective communication strategy.

Conclusion:All three practices—personalization, cultural appropriateness, and visibility—are critical for effective communication.