CFE-Fraud-Prevention-and-Deterrence Exam Dumps | The objectives of a fraud risk management program include:

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ACFE.CFE-Fraud-Prevention-and-Deterrence.v2025-06-19.q102
Question 54

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Question 54/102

The objectives of a fraud risk management program include:

A. Proactively identifying fraud risks

B. Limiting the damage caused by fraud occurrences

C. Punishing fraud perpetrators

D. All of the above

Correct Answer: D

* Objectives of a Fraud Risk Management Program:
* A. Proactively identifying fraud risks:A fundamental goal is to identify and assess potential fraud risks to implement preventative measures.
* B. Limiting the damage caused by fraud occurrences:Programs should have mechanisms in place to detect and respond to fraud promptly to minimize harm.
* C. Punishing fraud perpetrators:Punishment serves as both a deterrent and a means of reinforcing the organization's commitment to ethical behavior.
* Comprehensive Objective Coverage:
* Effective fraud risk management includes preventative, detective, and corrective measures.
* Conclusion:All the listed objectives are essential components of a fraud risk management program.

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Question List (102q): Question 1: Which of the following is NOT considered a conflict of inter...; Question 2: Reputational damage is an indirect cost of fraud that can be...; Question 3: Fraud risks related to corruption include all of the followi...; Question 4: Andrew, an internal auditor, is formalizing a process to ide...; Question 5: According to the Committee of Sponsoring Organizations of th...; Question 6: Which of the following is a detective anti-fraud control?...; Question 7: Harry is an internal auditor with ABC Company. 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