ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 10 Question 93 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 93
Topic #: 10

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Which of the following are used in a short term skimming scheme?

AUnrecorded sales, understated sales and theft of incoming checks

BUnrecorded sales, understated sales and dual endorsements

CFalse company accounts, understated sales and theft of incoming checks

DUnderstated sales, theft of incoming checks and check-for-currency substitutions

Show Suggested Answer

Suggested Answer: C

by Julio at Jul 13, 2024, 03:07 PM

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4 days ago

Haha, 'check-for-currency substitutions'? That sounds like something out of a spy movie!

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7 days ago

Why do you think it's D?

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10 days ago

I disagree, I believe it's D.

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14 days ago

I'm not sure about the 'dual endorsements' in option B. Isn't that more of a long-term fraud scheme?

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18 days ago

Option A seems like the most comprehensive answer, covering all the key elements of a short-term skimming scheme.

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18 days ago

I think the answer is A.

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