ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 2 Question 98 Discussion

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

Question #: 98
Topic #: 2

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

__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

AConflict of interest

BTurnaround sale or flip

CDisclosure

DResource diversion

Show Suggested Answer

Suggested Answer: C

by Celestine at Sep 16, 2024, 03:07 PM

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Lucy

6 months ago

I thought it was D at first, but now I see why disclosure makes more sense.

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Freeman

6 months ago

Definitely C, can't hide that kind of info!

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Golda

7 months ago

Wait, are you sure it's not A? Seems like a conflict of interest could apply too.

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Sophia

7 months ago

Totally agree, transparency is crucial!

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Moon

7 months ago

C is the right answer, disclosure is key in these situations.

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Elouise

7 months ago

Resource diversion doesn't seem relevant here, but I can't quite recall the specifics about the other options.

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Garry

8 months ago

I feel like I've seen a question like this before, and Disclosure sounds right, but I could be mixing it up with something else.

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Devon

8 months ago

I'm not entirely sure, but I remember something about conflict of interest being a big deal in these situations.

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Johna

8 months ago

I think the answer might be C, Disclosure, since it seems important for transparency in legal matters.

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Jamie

8 months ago

I'm feeling confident about this one. The correct answer is clearly disclosure, as that would be the appropriate requirement in such a situation.

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Shaniqua

8 months ago

I've seen questions like this before, and the key is to focus on the specific wording. Let me re-read the question and options closely.

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Elmer

8 months ago

Disclosure seems like the most logical choice here, as officers and executives in trusted positions would need to be transparent if facing criminal charges.

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Diane

8 months ago

Hmm, I'm not entirely sure about this one. I'll need to think it through carefully and consider the potential implications of each option.

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Sueann

8 months ago

This question seems straightforward, but I want to make sure I understand the context correctly before selecting an answer.

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Ma

8 months ago

I think the local gyms and cycle stores might fall under the generic level of competition since they all compete for customers' leisure time and money.

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Amber

2 years ago

I'll have to go with C) Disclosure. Though I hear some people prefer the old 'plausible deniability' approach. Not the best career move, though.

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Gladis

2 years ago

It's better to just disclose and be upfront about it.

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Quentin

2 years ago

Some people may try to use 'plausible deniability', but it's risky.

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Joseph

2 years ago

Yeah, it's important to be transparent in those circumstances.

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Bev

2 years ago

I agree, C) Disclosure is definitely necessary in those situations.

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Almeta

2 years ago

Conflict of interest? More like 'conflict of conscience' when you're in the hot seat! C) Disclosure is the way to go.

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Denise

2 years ago

Disclosure, definitely. Transparency is key when your dirty laundry gets aired in public. Might as well get it all out there.

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Kristofer

2 years ago

B) Turnaround sale or flip

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Felicia

2 years ago

C) Disclosure

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Louis

2 years ago

A) Conflict of interest

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Reita

2 years ago

Hmm, I'm going with B) Turnaround sale or flip. Gotta get those assets off the books quickly, am I right?

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Danica

2 years ago

D) Resource diversion sounds like the right choice here. Can't have those trusted individuals misusing company resources for their own benefit!

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Malcom

2 years ago

D) Resource diversion sounds like the right choice here. Can't have those trusted individuals misusing company resources for their own benefit!

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Pamella

2 years ago

C) Disclosure

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Elina

2 years ago

A) Conflict of interest

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Pauline

2 years ago

I think it's important to be transparent in these situations to maintain trust.

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Arminda

2 years ago

I agree with Buck, disclosure is important in such cases.

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Buck

2 years ago

C) Disclosure is required.

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Reynalda

2 years ago

I think the correct answer is C) Disclosure. Executives and officers need to disclose any potential conflicts of interest when facing criminal indictment.

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