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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 5 Question 99 Discussion

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

Question #: 99
Topic #: 5

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

A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

AConflict of interest in sale

BTurnaround sale or flip

CUnauthorized sale

DWritten sale of unique assets

Show Suggested Answer

Suggested Answer: B

by Carlene at Sep 14, 2024, 06:09 PM

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Mike

7 months ago

Conflict of interest? More like a conflict of 'I want that sweet, sweet profit!' Gotta love the corporate world sometimes.

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Shakira

6 months ago

C) Unauthorized sale

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Stacey

6 months ago

B) Turnaround sale or flip

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Meaghan

6 months ago

A) Conflict of interest in sale

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Jaclyn

7 months ago

Written sale of unique assets? That's a good one, but I doubt that's the right answer here. These employees are just trying to line their own pockets.

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Jess

6 months ago

C) Unauthorized sale

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Jerry

7 months ago

B) Turnaround sale or flip

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Taryn

7 months ago

A) Conflict of interest in sale

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Elenora

7 months ago

That makes sense, employees using their position for personal gain could definitely be considered a conflict of interest.

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Nettie

7 months ago

I disagree, I believe it's B) Turnaround sale or flip because employees are taking advantage of inside information.

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Jutta

7 months ago

Hmm, I don't think this is an 'unauthorized sale' since the employer is aware of it. More like a shady backroom deal if you ask me.

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Viola

6 months ago

C) Unauthorized sale

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Casie

6 months ago

B) Turnaround sale or flip

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Eleonore

7 months ago

A) Conflict of interest in sale

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Sharika

8 months ago

Ooh, this sounds like a juicy 'turnaround sale or flip' to me. Those employees are playing a dangerous game!

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Emile

6 months ago

D) Written sale of unique assets

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Arthur

7 months ago

C) Unauthorized sale

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Arthur

7 months ago

B) Turnaround sale or flip

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Lon

7 months ago

A) Conflict of interest in sale

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Sheridan

8 months ago

I'm pretty sure this is a conflict of interest. Employees shouldn't be taking advantage of inside information like that!

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Vallie

7 months ago

B) Turnaround sale or flip

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Freeman

7 months ago

I agree, it's definitely a conflict of interest.

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Chantell

8 months ago

A) Conflict of interest in sale

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Elenora

8 months ago

I think the answer is A) Conflict of interest in sale.

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a