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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 1 Question 126 Discussion

Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
A) True
B) False

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 1 Question 126 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 126
Topic #: 1
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

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Suggested Answer: A

by Cassi at May 12, 2026, 11:34 AM

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Yasuko
28 days ago
I think I remember something about expense accounts being reviewed during audits, so maybe it's false?
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