CFE – Fraud Prevention and Deterrence — Question 23

Which of the following is among the board of directors’ primary responsibilities related to fraud risk management?

Answer options

• A. Implementing the fraud risk management program
• B. Overseeing the organization’s fraud risk management activities
• C. Designing the fraud risk management program
• D. Punishing fraud perpetrators discovered through fraud risk management activities

Correct answer: A

Explanation

The correct answer is A because the board is responsible for ensuring the implementation of the fraud risk management program to protect the organization. Options B and C are related to oversight and design, which are not primary responsibilities, while D focuses on punitive actions rather than preventive measures.