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:

AOrganized criminals

BMid and lower level employees

CSenior Management

DAll of the above

Show Suggested Answer

Suggested Answer: C

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

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Ria

8 days 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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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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Wilda

4 days ago

I agree, financial statement fraud can be committed by anyone within the company.

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Shenika

29 days ago

I think it's important for companies to have strong internal controls to prevent fraud.

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Susana

1 months ago

I agree, but I believe senior management has more opportunity to commit fraud.

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Laurel

1 months ago

I think financial statement fraud can be committed by anyone.

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

Contribute your Thoughts:

Ria

Willie

Wilda

Shenika

Susana

Laurel