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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 8 Question 92 Discussion

Posted by Carin on Jul 09, 2024 at 09:23 PM

Which of the following is NOT the method for stealing inventory and other assets?

Suggested Answer: A

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38 comments · newest first
DO
Donte 11 months ago
I think B is the odd one out here, not A!
GL
Glory 11 months ago
I thought purchasing schemes were legit, but they can be misused?
ID
Idella 11 months ago
Wait, are you sure D isn't a method too?
AL
Alethea 12 months ago
Totally agree, A is a clear method!
CH
Charlesetta 12 months ago
Larceny schemes are definitely a method used for stealing.
AN
Antonio 12 months ago
I vaguely remember that larceny and asset requisition are both methods, but I’m unsure about the specifics of sales and equipment handling.
JE
Jerilyn 1 year ago
I practiced a similar question where asset requisition was mentioned as a method, so I’m leaning towards D being the answer, but I’m not completely confident.
CE
Cecil 1 year ago
I feel like purchasing and receiving schemes are also common methods, but I can't recall if sales and equipment handling is considered one.
GE
Gerald 1 year ago
I think I remember that larceny schemes are definitely a method of stealing inventory, but I'm not sure about the others.
DO
Dorethea 1 year ago
This question is testing our knowledge of common inventory theft techniques. I'll carefully consider each option and eliminate the one that doesn't fit the pattern.
CA
Carin 1 year ago
Okay, let's see. Asset requisition, purchasing scams, and sales handling are all common ways to steal inventory. I'm guessing the one that's not a typical method is the "asset requisition and transfer" option.
KR
Kris 1 year ago
I'm a bit confused by the wording of the question. I'll need to review my notes on inventory theft schemes to make sure I understand the differences between them.
SU
Sunshine 1 year ago
This is a tricky one. I'll need to think carefully about the different methods for stealing inventory and assets to determine which one is not a typical approach.
TE
Teddy 1 year ago
Hmm, this seems like a straightforward question about asset theft. I'm pretty confident I can identify the method that is not commonly used.
GA
Gayla 1 year ago
Hmm, this question is testing our understanding of the differences and connections between data models and pivot. I'll need to think carefully about the key characteristics of each and how they might be related.
AL
Albina 1 year ago
This is a tricky one. There are a few different ways the portfolio office could report, and I'm not sure which is the "ultimate" reporting structure. I'll have to weigh the pros and cons of each option.
DE
Desirae 1 year ago
I don't know, but I heard the best way to steal inventory is to just walk out the front door with a forklift. No one ever suspects the forklift.
NI
Nichelle 1 year ago
I'm pretty sure the answer is B) Asset requisition and transfer. That's the only one that doesn't sound like a sneaky way to pilfer the company's goods.
RE
Renay 1 year ago
Hmm, I'm not sure. All of these options sound like they could be used to steal inventory and assets. I'll have to think about this one a bit more.
MA
Markus 1 year ago
↳ replying to Renay
C) Purchasing and receiving schemes
JA
Javier 1 year ago
↳ replying to Renay
Hmm, I'm not sure either. Let's review the options again.
EM
Emilio 1 year ago
↳ replying to Renay
No, I believe it's B) Asset requisition and transfer.
WI
Willow 1 year ago
↳ replying to Renay
I think it's D) Sales & Equipment handling.
AM
Amira 1 year ago
↳ replying to Renay
D) Sales & Equipment handling
VA
Vallie 1 year ago
↳ replying to Renay
C) Purchasing and receiving schemes
MA
Ma 1 year ago
↳ replying to Renay
B) Asset requisition and transfer
JE
Jenifer 1 year ago
↳ replying to Renay
B) Asset requisition and transfer
DE
Deonna 1 year ago
↳ replying to Renay
A) Larceny schemes
TH
Thea 1 year ago
↳ replying to Renay
A) Larceny schemes
EL
Elza 2 years ago
I think the answer is D) Sales & Equipment handling. That sounds like a way to siphon off assets, not a legitimate business practice.
RE
Refugia 1 year ago
↳ replying to Elza
Chara: So, we can eliminate D) Sales & Equipment handling as the answer.
JE
Jess 1 year ago
↳ replying to Elza
User 3: B) Asset requisition and transfer also sounds like a possible method for stealing assets.
CH
Chara 1 year ago
↳ replying to Elza
User 2: Definitely, A) Larceny schemes and C) Purchasing and receiving schemes seem more likely.
PE
Pete 1 year ago
↳ replying to Elza
User 1: I agree, D) Sales & Equipment handling doesn't sound like a method for stealing inventory.
PE
Pearlie 2 years ago
Well, the correct answer must be B) Asset requisition and transfer. That's not a method for stealing assets, it's a legitimate way to manage inventory and other assets.
KE
Kelvin 2 years ago
But asset requisition and transfer can also be a method for stealing assets if done fraudulently.
RO
Rodrigo 2 years ago
I disagree, I believe the answer is B) Asset requisition and transfer.
KE
Kelvin 2 years ago
I think the answer is D) Sales & Equipment handling.
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