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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 10 Question 88 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 88
Topic #: 10
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Financial statement fraud is committed by:

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Suggested Answer: C

by Broderick at May 17, 2024, 06:44 PM

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Stephaine
1 months ago
Definitely D. Financial statement fraud is like a virus - it can infect anyone, from the janitor to the CEO. Gotta keep those books squeaky clean, am I right?
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Rutha
5 days ago
D) All of the above
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Sherron
8 days ago
C) Senior Management
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Pura
14 days ago
B) Mid and lower level employees
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Jacklyn
22 days ago
A) Organized criminals
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Ira
1 months ago
Haha, the only way I'd commit financial statement fraud is if I could get away with it and enjoy a nice tropical vacation on a private island. But in all seriousness, I think the answer is D. It's a problem that can come from all levels of an organization.
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Tequila
1 months ago
D. All of the above. It's a sad reality that financial statement fraud can come from anywhere - crooks, employees, and even the top brass. Gotta keep a close eye on it.
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Moon
18 days ago
D) All of the above
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Sanda
20 days ago
C) Senior Management
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Ashlyn
21 days ago
B) Mid and lower level employees
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Niesha
22 days ago
A) Organized criminals
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Ria
2 months ago
I'm going with C. Senior management is the most likely culprit when it comes to financial statement fraud. They have the power and the access to manipulate the numbers.
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Belen
11 days ago
It's true that all of the above could be involved in financial statement fraud, it really depends on the situation.
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Glen
14 days ago
I think it could also be mid and lower level employees, they may feel pressured to meet targets.
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Alease
15 days ago
I agree, senior management usually has the most opportunity to commit financial statement fraud.
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Willie
2 months ago
This one is tricky, but I think the correct answer is D. Financial statement fraud can be committed by all of the above - organized criminals, mid and lower-level employees, and senior management. It's a serious issue that affects companies of all sizes.
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Ben
8 days ago
Absolutely, transparency and accountability are key in preventing financial statement fraud.
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Chaya
9 days ago
Yes, that's why it's crucial for companies to regularly review their financial statements for any irregularities.
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Osvaldo
28 days ago
It's important for companies to have strong internal controls to prevent fraud.
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Wilda
2 months ago
I agree, financial statement fraud can be committed by anyone within the company.
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Shenika
3 months ago
I think it's important for companies to have strong internal controls to prevent fraud.
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Susana
3 months ago
I agree, but I believe senior management has more opportunity to commit fraud.
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Laurel
3 months ago
I think financial statement fraud can be committed by anyone.
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