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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 1 Question 15 Discussion

A scheme is classified as a Conflict of interest:
A) when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
B) when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
C) when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
D) when a dealer must have some kind of dealership interest in the vendor submitting the stock.

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 1 Question 15 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 15
Topic #: 1
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

A scheme is classified as a Conflict of interest:

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Suggested Answer: A

by Belen at May 09, 2022, 08:19 PM

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Veronique
10 months ago
I think B is more relevant for sales situations.
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Charlesetta
10 months ago
C seems right, especially for purchasers.
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Joaquin
11 months ago
Wait, are we sure it’s only about ownership? Seems too narrow.
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Annice
11 months ago
Totally agree, it's all about transparency!
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Ria
11 months ago
A conflict of interest happens when personal interests interfere with professional duties.
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Dortha
11 months ago
I'm pretty sure the minimum share capital requirement only applies to public companies, not private ones. And I think shareholders can interfere in management for private companies, but not public ones. Let me double-check the details on that.
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Lenna
11 months ago
Option B sounds like the most accurate description of what DOM is. I'm pretty confident that's the right answer.
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Haley
11 months ago
Hmm, I'm a bit confused. Is it a mobile web application or a mobile website? I'll have to think this through carefully.
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Dominque
11 months ago
Ah, I remember this from our class discussion. The initial development of the Project Scope Management plan uses the technique of Expert Judgment. That makes sense, as you'd want to rely on the expertise of experienced project managers for this critical planning step.
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