ACFE CFE-Fraud-Schemes-and-Financial-Crimes Q&A - in .pdf

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Answer: C

NEW QUESTION: 2
General Counsel can use Case Assessment and Analytics functions to reduce eDiscovery risks and costs in each of the following ways EXCEPT:
A. Evidence and custodian pattern analysis for early case insights
B. Case cost assessment and cross-portfolio forecasting
C. First pass review, culling and flagging
D. Provide more information for outside review to reduce in-house workloads
Answer: C

NEW QUESTION: 3
Which of the following is an input to the prepare for elicitation task?
A. Potential value
B. Needs
C. Set up logistics
D. Elicitation activity plan
Answer: A

NEW QUESTION: 4
In assessing risk, it is MOST essential to:
A. provide equal coverage for all asset types.
B. focus primarily on threats and recent business losses.
C. use benchmarking data from similar organizations.
D. consider both monetary value and likelihood of loss.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
A risk analysis should take into account the potential financial impact and likelihood of a loss. It should not weigh all potential losses evenly, nor should it focus primarily on recent losses or losses experienced by similar firms. Although this is important supplementary information, it does not reflect the organization's real situation. Geography and other factors come into play as well.

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