Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence Reddit Questions

Inform employees that the names of all individuals who report misconduct will be shared with the organization's management and law enforcement.

Inform employees that they will be held accountable for reporting any tips that cannot be verified.

Inform employees that they are required to report any information about suspected fraud only to their direct supervisor.

Inform employees that they can make their report anonymously (where permitted by law).

"The evidence does not support Dean's confession."

"Dean is guilty of embezzlement."

"Dean's confession is supported by the evidence."

"Dean confessed to embezzlement."

Management should examine previous fraud occurrences to determine how the ideal fraud risk management program would have prevented tnem.

Management must balance the investment in anti-fraud controls with the benefit of those controls and the amount of risk it is willing to accept.

Management must assign a quantitative measure to its risk appetite so that it can accurately measure the fraud risk management program’s effectiveness.

Management should tailor the detailed objectives of the fraud risk management program to the organization's specific needs and goals.

To inform the development of audit programs for areas that have been identified as having a high risk of fraud.

To confirm whether there is conclusive evidence that fraud is occurring within the company.

To validate whether the organization is appropriately managing moderate-to-high fraud risks.

To design audit tests to evaluate whether fraud risk controls are operating effectively.