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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?

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Suggested Answer: A

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

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Gerald
2 months ago
I bet the person who wrote option C has never actually worked in an inventory management role. A is the way to go, no doubt.
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Chantay
28 days ago
User 3: Independent checks and physical safeguards are also important measures to have in place.
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Angelyn
1 months ago
User 2: I agree, proper documentation and segregation of duties are key.
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Macy
2 months ago
User 1: Option A is definitely the best choice for preventing inventory fraud.
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Freida
2 months ago
D's 'prenumbered affiliations' sounds like something straight out of a bureaucratic nightmare. A all the way!
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Yuki
44 minutes ago
D) prenumbered affiliations, segregation of duties, independent checks and physical safeguards
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Dahlia
1 days ago
C) Proper documentation, physical padding, independent checks and physical safeguards
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Andra
1 months ago
B) Proper documentation, segregation of duties, independent checks and inventory control
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Eloisa
1 months ago
A) Proper documentation, segregation of duties, independent checks and physical safeguards
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Alesia
2 months 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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Aretha
1 months ago
User 2: Definitely, A seems like the most reliable option.
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Rodolfo
1 months ago
User 1: Yeah, 'physical padding' sounds suspicious.
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Merissa
2 months 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
2 months ago
Option A seems to be the most comprehensive answer, covering all the key measures to prevent inventory fraud.
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Moon
1 months ago
Independent checks provide an additional layer of security to detect any discrepancies.
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Paris
2 months ago
Segregation of duties can help prevent fraud by requiring multiple people to be involved in the process.
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Lorrine
2 months ago
Proper documentation is crucial in preventing inventory fraud.
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Rosita
2 months ago
I agree, option A covers all the important measures.
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Kerrie
3 months 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
3 months ago
I agree with Annmarie, those measures can definitely help prevent inventory fraud.
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Annmarie
3 months ago
I think the answer is A) Proper documentation, segregation of duties, independent checks and physical safeguards.
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