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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?

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Suggested Answer: C

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

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Nina
2 months ago
D looks good, but I'm a bit confused about the 'theft of incoming checks' part. Isn't that just a subset of the 'unrecorded sales' in A?
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Theodora
29 days ago
C) False company accounts, understated sales and theft of incoming checks
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Bambi
1 months ago
B) Unrecorded sales, understated sales and dual endorsements
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Craig
1 months ago
A) Unrecorded sales, understated sales and theft of incoming checks
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Ciara
2 months ago
Haha, 'check-for-currency substitutions'? That sounds like something out of a spy movie!
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Vannessa
9 days ago
D) Understated sales, theft of incoming checks and check-for-currency substitutions
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Leatha
10 days ago
C) False company accounts, understated sales and theft of incoming checks
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Earnestine
11 days ago
B) Unrecorded sales, understated sales and dual endorsements
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Brinda
18 days ago
A) Unrecorded sales, understated sales and theft of incoming checks
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Silva
2 months ago
Why do you think it's D?
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Tarra
2 months ago
I disagree, I believe it's D.
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Ettie
2 months 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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Lucille
2 months ago
Theft of incoming checks is another common tactic in short term skimming schemes.
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Gilma
2 months ago
User 2
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Brock
2 months ago
Unrecorded sales and understated sales are more commonly associated with short term skimming schemes.
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Filiberto
2 months ago
User 1
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Chau
2 months ago
Dual endorsements can actually be used in both short and long term fraud schemes.
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Melissa
2 months ago
Option B includes dual endorsements, which can be used in short term skimming schemes.
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Dannie
3 months ago
Option A seems like the most comprehensive answer, covering all the key elements of a short-term skimming scheme.
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Silva
3 months ago
I think the answer is A.
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