ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 4 Question 16 Discussion

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

Question #: 16
Topic #: 4

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

A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

AConflict of interest

BIllegal sale

CUnauthorized purchase

DFinancial disclosure

Show Suggested Answer

Suggested Answer: A

by Viola at May 03, 2022, 03:08 PM

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Filiberto

4 months ago

Yup, conflicts of interest can really mess things up!

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Fernanda

4 months ago

I thought it was called something else, like ethical dilemma?

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Emiko

5 months ago

Wait, are we sure that's the only term for it?

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Larue

5 months ago

Totally agree, that's the right term!

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Richelle

5 months ago

It's definitely a conflict of interest.

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Izetta

5 months ago

This question seems pretty straightforward. Value stream mapping is all about identifying non-value-added activities, so I'm pretty confident that's the right answer.

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Elbert

5 months ago

Ah, I think I've got it now. Indirect taxes are levied on the production or sale of goods and services, rather than on income or wealth. D. Sales tax seems like the best example here.

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