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

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 78
Topic #: 7

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

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

AFraudulent statement scheme

BAsset misappropriation scheme

CLarceny scheme

DRegister disbursement scheme

Show Suggested Answer

Suggested Answer: A

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

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11 hours 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.

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4 days 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.

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13 days ago

Definitely C. Larceny scheme. Keeping a manager nearby is a classic way to deter cashiers from stealing cash from the register.

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16 days ago

But what about fraudulent statement schemes? Would it be effective for those too?

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18 days ago

I agree, it can also deter register disbursement schemes.

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24 days ago

I think having a manager nearby can prevent larceny.

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