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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 7 Question 59 Discussion

How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?
A) One
B) At least two
C) More than two
D) None of above

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 7 Question 59 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 59
Topic #: 7
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

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Suggested Answer: A

by Cordelia at Oct 11, 2022, 03:28 PM

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Susana
10 months ago
I thought it could be just one, but I guess not!
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Cherri
10 months ago
Fraud usually affects multiple categories, so C makes sense.
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Kimberely
10 months ago
More than two? Really? That seems excessive.
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Florinda
11 months ago
I agree, B seems right.
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Tequila
11 months ago
Definitely at least two accounts involved.
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Shaniqua
11 months ago
I thought it was just one account for simple fraud, but now I'm confused. I need to think this through more carefully.
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Lanie
11 months ago
I recall that in most cases, at least two accounts are impacted, but I wonder if there are exceptions.
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Alayna
11 months ago
I'm not entirely sure, but I feel like it could be more than two accounts depending on the complexity of the fraud.
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Isreal
11 months ago
I think fraudulent accounting entries usually affect at least two accounts, right? I remember practicing a question like this.
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Cecil
11 months ago
Okay, the error message mentions an issue with the instance name. I'm guessing that's the problem here, so I'll select option A.
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Leana
11 months ago
Hmm, I'm a bit unsure about this one. The scenario mentions creating a custom form, so I'm wondering if that's a critical part of the solution. I'll need to think through the steps carefully.
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Marcos
11 months ago
Okay, let me think this through step-by-step. I need to focus on the key distinctions between user-defined and the other dimensions.
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