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

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

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

Suggested Answer: A

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12 comments · newest first
SU
Susana 12 months ago
I thought it could be just one, but I guess not!
CH
Cherri 12 months ago
Fraud usually affects multiple categories, so C makes sense.
KI
Kimberely 12 months ago
More than two? Really? That seems excessive.
FL
Florinda 1 year ago
I agree, B seems right.
TE
Tequila 1 year ago
Definitely at least two accounts involved.
SH
Shaniqua 1 year ago
I thought it was just one account for simple fraud, but now I'm confused. I need to think this through more carefully.
LA
Lanie 1 year ago
I recall that in most cases, at least two accounts are impacted, but I wonder if there are exceptions.
AL
Alayna 1 year ago
I'm not entirely sure, but I feel like it could be more than two accounts depending on the complexity of the fraud.
IS
Isreal 1 year ago
I think fraudulent accounting entries usually affect at least two accounts, right? I remember practicing a question like this.
CE
Cecil 1 year 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.
LE
Leana 1 year 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.
MA
Marcos 1 year 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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