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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 7 Question 78 Discussion

Posted by Rikki on Dec 13, 2023 at 04:54 PM

Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:

Suggested Answer: A

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46 comments · newest first
PR
Precious 11 months ago
It's all about preventing larceny, no doubt!
DE
Dean 11 months ago
Wait, does that really work? Seems a bit iffy.
CH
Charlene 11 months ago
Agree, having a manager around really deters theft.
LA
Lavera 12 months ago
I think it's more about asset misappropriation.
PR
Precious 12 months ago
Definitely helps with larceny schemes!
SA
Sanjuana 12 months ago
I’m a bit confused. I thought register disbursement schemes were more about manipulating transactions. Maybe it’s B, but I’m not entirely sure.
JE
Jeff 1 year ago
This reminds me of a practice question we did about fraud prevention. I think it was about how supervision can deter theft, which makes me think it’s definitely C.
YO
Yolando 1 year ago
I remember studying asset misappropriation schemes, but I’m not sure if that’s the right fit here. It could be related, but it feels more specific to cash handling.
MA
Maurine 1 year ago
I think having a manager near the cash register is more about preventing direct theft, so I’m leaning towards option C, the larceny scheme.
DO
Dong 1 year ago
This one's tricky, but I think the key is focusing on the prevention method mentioned - maintaining a manager or supervisor presence near the cash register. That sounds like it would be most effective in deterring a Larceny scheme, so I'm going to go with C.
JU
Julio 1 year ago
Okay, let me break this down. The question is asking about a prevention for a specific type of scheme, and the options seem to be different types of fraud or theft. I think I'll go with C - Larceny scheme.
ST
Stephane 1 year ago
Hmm, I'm not totally sure about this one. I'm debating between B and C, but I'll have to think it through a bit more.
WY
Wynell 1 year ago
This one seems pretty straightforward. I'm pretty confident the answer is C - Larceny scheme.
AL
Alpha 1 year ago
I'm a bit confused by this question. The options all seem related to different types of fraud or theft, but I'm not sure which one is the best fit for the prevention method described. I'll have to re-read the question carefully.
KR
Kristeen 1 year ago
Okay, I've got this. Internal factors are things the project team has control over, like resources, team dynamics, and processes. Legal restrictions and financial considerations seem more like external factors, so I'll go with B for financial considerations.
SH
Sherell 1 year ago
This question seems straightforward. The Chinese Wall model is designed to prevent conflicts of interest, so that's the obvious choice here.
BR
Brunilda 1 year ago
Hmm, this looks like a tricky one. I'll need to carefully read through the options and think about the different buffer pool combinations that could be associated with a physical port.
DA
Daron 1 year ago
The explanation seems clear, but I want to double-check the role selection to make sure I'm granting the appropriate level of access for this user.
AY
Ayesha 1 year ago
Okay, let me see if I can break this down. NPV is about the present value of future cash flows, while IRR is about the rate of return. I think I've got a handle on it, but I'll double-check my understanding.
CH
Chau 1 year ago
I remember practicing a similar question, and I picked Awareness too. Was Adoption one of the answers there as well?
AH
Ahmad 1 year ago
Haha, this question is a real cash cow! I'd say C. Larceny scheme is the way to go. Can't let those sticky-fingered cashiers get away with anything.
GE
Gerald 1 year ago
↳ replying to Ahmad
D) Register disbursement scheme
LA
Laquanda 1 year ago
↳ replying to Ahmad
C) Larceny scheme
AI
Aide 1 year ago
↳ replying to Ahmad
B) Asset misappropriation scheme
AR
Armanda 1 year ago
↳ replying to Ahmad
A) Fraudulent statement scheme
TE
Tess 1 year ago
I'm stumped on this one. Maybe D. Register disbursement scheme? Sounds like the right kind of scam to prevent with a watchful manager.
RE
Reid 1 year ago
↳ replying to Tess
D) Register disbursement scheme
CO
Corazon 1 year ago
↳ replying to Tess
C) Larceny scheme
LI
Linsey 1 year ago
↳ replying to Tess
B) Asset misappropriation scheme
TE
Terry 1 year ago
↳ replying to Tess
A) Fraudulent statement scheme
TH
Thora 2 years ago
I'm going with B. Asset misappropriation scheme. Keeping an eye on the cash register is a great way to prevent employees from skimming off the top.
RO
Roselle 2 years ago
Definitely C. Larceny scheme. Keeping a manager nearby is a classic way to deter cashiers from stealing cash from the register.
TA
Tamra 1 year ago
↳ replying to Roselle
Definitely C. Larceny scheme. Keeping a manager nearby is a classic way to deter cashiers from stealing cash from the register.
AN
Anglea 1 year ago
↳ replying to Roselle
D) Register disbursement scheme
VA
Valentin 1 year ago
↳ replying to Roselle
C) Larceny scheme
MA
Mammie 1 year ago
↳ replying to Roselle
B) Asset misappropriation scheme
LA
Larue 1 year ago
↳ replying to Roselle
A) Fraudulent statement scheme
FL
Florinda 1 year ago
↳ replying to Roselle
C) Larceny scheme
LA
Layla 1 year ago
↳ replying to Roselle
I agree, having a manager nearby can prevent cashiers from stealing cash.
HO
Hollis 1 year ago
↳ replying to Roselle
D) Register disbursement scheme
ER
Eric 1 year ago
↳ replying to Roselle
C) Larceny scheme
DA
Dana 1 year ago
↳ replying to Roselle
B) Asset misappropriation scheme
CL
Cletus 1 year ago
↳ replying to Roselle
A) Fraudulent statement scheme
AN
Antione 2 years ago
But what about fraudulent statement schemes? Would it be effective for those too?
LE
Leah 2 years ago
I agree, it can also deter register disbursement schemes.
LE
Lenora 2 years ago
I think having a manager nearby can prevent larceny.
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