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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 10 Question 66 Discussion

Delivery has not occurred or services have not been rendered when:
D) Neither A nor B
A) Until installation and customer testing and acceptance has occurred.
B) A written order exists but contains a right of return.
C) Both A & B

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 10 Question 66 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 66
Topic #: 10
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Delivery has not occurred or services have not been rendered when:

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Suggested Answer: D

by Deeanna at Feb 26, 2023, 09:48 AM

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Miesha
8 months ago
Totally agree with C, both conditions matter!
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Fernanda
9 months ago
Wait, can you really return an order after it's written?
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Miriam
9 months ago
Not sure about B, seems too lenient.
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Dustin
9 months ago
Definitely A, testing is key!
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Ramonita
9 months ago
I think it's C, both A & B.
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Cordelia
9 months ago
I’m leaning towards D because I think there are cases where neither condition applies, but I need to double-check my notes.
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Dana
9 months ago
I’m a bit unsure, but I feel like both A and B could be valid reasons for not recognizing delivery. Maybe C is the answer?
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Flo
9 months ago
I remember something about written orders with return rights affecting delivery recognition. Could B be correct too?
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Latonia
10 months ago
I think delivery hasn't occurred until customer testing and acceptance, so maybe A is the right choice?
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Thaddeus
10 months ago
This is a good opportunity to apply my knowledge of Citrix virtualization. I'll reference the Citrix design guidelines to ensure I'm using the right approach and formulas.
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Tawna
10 months ago
Okay, let me see if I can break this down step-by-step. I think I need to calculate the effective annual interest rate based on the 2% discount and 15-day payment period.
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Remedios
10 months ago
This seems like a straightforward audit question. I'd focus on understanding the scope and stakeholders to make sure the consultant has the right information to conduct a thorough review.
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Gaston
1 year ago
Wait, so if I order a pizza but keep sending it back, does that mean I never actually got it? Mind. Blown.
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Christene
1 year ago
Option B is the way to go. A written order with a right of return is a clear indication that delivery has not happened yet. Easy peasy!
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Louvenia
1 year ago
I agree, having a right of return in a written order indicates that services have not been rendered yet.
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Louvenia
1 year ago
Option B is correct. A written order with a right of return means delivery has not occurred.
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Dominga
1 year ago
I'm torn between A and C. The question is a bit ambiguous, but I think C is the safest bet. Although, if I had a crystal ball, this would be a breeze!
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Fletcher
1 year ago
User 3
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Lawrence
1 year ago
User 2
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Sherita
1 year ago
User 1
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Tonja
1 year ago
Let's go with C then, better safe than sorry.
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Earlean
1 year ago
Yeah, C covers both scenarios just to be safe.
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Abraham
1 year ago
I agree, C seems like the most logical choice.
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Marci
1 year ago
I think C is the safest bet.
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Stephaine
1 year ago
I'm going with D. Neither A nor B sounds like a situation where delivery has not occurred. This question is tricky!
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Cora
1 year ago
I agree with you, C seems like the best option here.
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Sanjuana
1 year ago
I think it's C. Both A & B cover situations where delivery has not occurred.
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Kimberlie
1 year ago
Option C seems to be the correct answer. Both installation and customer acceptance, as well as a right of return, would indicate that delivery has not occurred.
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Alison
1 year ago
I see both points, but I think I agree with Martina. It makes sense that delivery hasn't occurred until both installation and customer testing and acceptance have happened, and if there's a right of return in the written order, then it's not a completed delivery.
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Jesusa
1 year ago
I disagree, I believe the answer is D) Neither A nor B because delivery hasn't occurred until the customer actually receives the product or service.
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Martina
1 year ago
I think the answer is C) Both A & B because delivery hasn't occurred until installation and customer testing and acceptance has happened, and also if there's a right of return in the written order.
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