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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 6 Question 36 Discussion

Forced reconciliation of the account says:
C) to conceal shrinkage is to change the perpetual inventory record so that it matches the physical inventory count.
A) to conceal shrinkage is to alter inventory record so that it matches the physical inventory count.
B) to conceal inventory is to alter shrinkage record so that it matches the physical inventory count.
D) to conceal write-offs is to change the perpetual inventory record so that it matches the physical inventory count.

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 6 Question 36 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 36
Topic #: 6
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Forced reconciliation of the account says:

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Suggested Answer: C

by Ciara at May 07, 2022, 06:24 PM

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Gladis
10 months ago
B is definitely misleading, it’s not about shrinkage.
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Elbert
10 months ago
D doesn’t fit the definition at all.
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Georgiana
11 months ago
Wait, are we really altering records? That sounds sketchy!
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Rossana
11 months ago
I think C makes more sense, though.
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Caprice
11 months ago
A is correct, it’s all about matching records.
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Sharen
11 months ago
I'm not entirely sure about this one. I'll need to double-check the schema and the options to make sure I'm not missing anything.
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Eveline
11 months ago
I'm a bit unsure about this one. Does the solution actually work for configuring the Docker container, or is there something else I need to do? I'll have to think this through carefully.
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Vallie
11 months ago
I'm feeling pretty confident about this one. The 'RRRR' format in option C and the 'yyyy' format in option D should both display the year as four digits, so I'll select those.
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