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:

Awhen an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.

Bwhen a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.

Cwhen a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.

Dwhen a dealer must have some kind of dealership interest in the vendor submitting the stock.

Show Suggested Answer

Suggested Answer: A

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

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5 months ago

A conflict of interest happens when personal interests interfere with professional duties.

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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

5 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

5 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

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

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