ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 7 Question 95 Discussion

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

Question #: 95
Topic #: 7

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

Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

AProper documentation, segregation of duties, independent checks and physical safeguards

BProper documentation, segregation of duties, independent checks and inventory control

CProper documentation, physical padding, independent checks and physical safeguards

Dprenumbered affiliations, segregation of duties, independent checks and physical safeguards

Show Suggested Answer

Suggested Answer: A

by Azalee at Aug 25, 2024, 05:31 AM

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Freida

3 days ago

D's 'prenumbered affiliations' sounds like something straight out of a bureaucratic nightmare. A all the way!

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Alesia

10 days ago

Haha, 'physical padding'? Really? I guess that could work if you're trying to hide the missing inventory. But A is the clear winner here.

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Merissa

10 days ago

I'm torn between A and B, but I think A has the edge as it specifically mentions 'physical safeguards' which is crucial.

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Laurena

14 days ago

Option A seems to be the most comprehensive answer, covering all the key measures to prevent inventory fraud.

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Rosita

3 days ago

I agree, option A covers all the important measures.

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Kerrie

20 days ago

I'm not sure, but I think B) Proper documentation, segregation of duties, independent checks and inventory control could also be a good option.

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Leslie

21 days ago

I agree with Annmarie, those measures can definitely help prevent inventory fraud.

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Annmarie

23 days ago

I think the answer is A) Proper documentation, segregation of duties, independent checks and physical safeguards.

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