If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:
Suggested Answer: A
Get Premium CFE-Financial-Transactions-and-Fraud-Schemes Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
17 comments · newest first
DE
Dean
1 month ago
Plus, it fits the definition better.
SH
Sheridan
1 month ago
I see your point. C is clearer.
RU
Ruthann
1 month ago
Exactly, C captures that idea well.
RI
Rima
2 months ago
Right, misappropriation means it was intended for the company.
DE
Dean
2 months ago
A is more about stealing, not misappropriation.
SH
Sheridan
2 months ago
But what about A) Inventory larceny scheme?
RU
Ruthann
2 months ago
I feel that too, it makes sense.
RI
Rima
2 months ago
I think it's C) Fraudulent purchase.
OM
Omer
3 months ago
I disagree, I think it’s D) Falsify shipping.
SH
Sharika
3 months ago
Really? I’m surprised this isn’t more straightforward.
LA
Lai
3 months ago
No way, it's C) Fraudulent purchase for sure!
MO
Mona
3 months ago
I thought it was B) Asset receiving scheme?
CH
Chanel
3 months ago
It's definitely A) Inventory larceny scheme.
CA
Cassie
3 months ago
I vaguely remember discussing asset receiving schemes in class, but I can't remember the details. Could that be the right choice?
MO
Mollie
4 months ago
I feel like "fraudulent purchase" could be the answer, but it seems too straightforward for this type of question.
LA
Laticia
4 months ago
I remember a practice question about asset schemes, but I can't recall if it was specifically about fraudulent purchases or something else.
SH
Sharmaine
4 months ago
I think this might be related to inventory larceny, but I'm not entirely sure if that's the right term for misappropriation.