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

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

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

Suggested Answer: D

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31 comments · newest first
MI
Miesha 12 months ago
Totally agree with C, both conditions matter!
FE
Fernanda 12 months ago
Wait, can you really return an order after it's written?
MI
Miriam 12 months ago
Not sure about B, seems too lenient.
DU
Dustin 1 year ago
Definitely A, testing is key!
RA
Ramonita 1 year ago
I think it's C, both A & B.
CO
Cordelia 1 year ago
I’m leaning towards D because I think there are cases where neither condition applies, but I need to double-check my notes.
DA
Dana 1 year 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?
FL
Flo 1 year ago
I remember something about written orders with return rights affecting delivery recognition. Could B be correct too?
LA
Latonia 1 year ago
I think delivery hasn't occurred until customer testing and acceptance, so maybe A is the right choice?
TH
Thaddeus 1 year 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.
TA
Tawna 1 year 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.
RE
Remedios 1 year 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.
GA
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.
CH
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!
LO
Louvenia 1 year ago
↳ replying to Christene
I agree, having a right of return in a written order indicates that services have not been rendered yet.
LO
Louvenia 1 year ago
↳ replying to Christene
Option B is correct. A written order with a right of return means delivery has not occurred.
DO
Dominga 2 years 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!
FL
Fletcher 1 year ago
↳ replying to Dominga
User 3
LA
Lawrence 1 year ago
↳ replying to Dominga
User 2
SH
Sherita 1 year ago
↳ replying to Dominga
User 1
TO
Tonja 1 year ago
↳ replying to Dominga
Let's go with C then, better safe than sorry.
EA
Earlean 1 year ago
↳ replying to Dominga
Yeah, C covers both scenarios just to be safe.
AB
Abraham 1 year ago
↳ replying to Dominga
I agree, C seems like the most logical choice.
MA
Marci 1 year ago
↳ replying to Dominga
I think C is the safest bet.
ST
Stephaine 2 years ago
I'm going with D. Neither A nor B sounds like a situation where delivery has not occurred. This question is tricky!
CO
Cora 1 year ago
↳ replying to Stephaine
I agree with you, C seems like the best option here.
SA
Sanjuana 1 year ago
↳ replying to Stephaine
I think it's C. Both A & B cover situations where delivery has not occurred.
KI
Kimberlie 2 years 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.
AL
Alison 2 years 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.
JE
Jesusa 2 years 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.
MA
Martina 2 years 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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