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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 7 Question 101 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 101
Topic #: 7
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Which sale occurs when the accomplice of the employee-fraudster ''buys'' merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise without making any payment?

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Suggested Answer: A

by Alpha at Sep 13, 2024, 07:54 PM

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Deeann
4 days ago
Haha, 'Preliminary sale'? Really? That's gotta be the most misleading answer option. Might as well call it a 'Thief's delight' sale!
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Kimberely
5 days ago
Hmm, tricky one. 'Fraudster sale' sounds about right to me, since the employee is clearly in cahoots with the accomplice to pull off this scheme.
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Barrie
6 days ago
I'm definitely going with 'Fake sale' here. That seems like the most accurate description of what's happening - the employee is basically enabling a fraudulent transaction.
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Gary
15 days ago
I'm not sure, but I think it could also be C) Fraudster sale, since it involves fraud.
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Lacey
20 days ago
I agree with Ilona, because the employee is pretending to make a sale but it's actually fake.
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Ilona
22 days ago
I think the answer is B) Fake sale.
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