ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 4 Question 14 Discussion

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

Question #: 14
Topic #: 4

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

Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?

AEndorse check scheme

BLegitimate check scheme

CPayable check scheme

DConcealed check scheme

Show Suggested Answer

Suggested Answer: D

by Solange at May 07, 2022, 12:13 PM

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Major

4 months ago

I thought all checks were reviewed, how does this happen?

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Meaghan

4 months ago

Wait, are we sure about C? Seems off.

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Felton

5 months ago

A is the classic example, but D could fit too.

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Carolynn

5 months ago

I think it's D, sounds right to me!

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Carline

5 months ago

Definitely not B, that's just legit checks.

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Brigette

5 months ago

Hmm, I'm a bit confused on the difference between the overlay and underlay networks in an ACI architecture. I'll need to review those concepts before answering this.

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