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Certified Fraud Examiner - Fraud Prevention and Deterrence Exam

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Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Questions and Answers

Questions 1

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal control as:

Options:

A.  

A process implemented to review how well the organization’s risk management capabilities have increased value over time and how they will continue to drive value for the organization

B.  

A process, effected by an entity’s board of directors, management, and other personnel,designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance

C.  

A process involving personnel at all levels of the organization that aims to eliminate all uncertainty and risk while also ensuring the achievement of organizational goals

D.  

A process aimed at proactively identifying, evaluating, and addressing an organization's vulnerabilities to fraud by both internal and external sources

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