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

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

Question #: 92
Topic #: 8

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

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

ALarceny schemes

BAsset requisition and transfer

CPurchasing and receiving schemes

DSales & Equipment handling

Show Suggested Answer

Suggested Answer: A

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

Limited Time Offer

25%

Off

Get Premium CFE-Financial-Transactions-and-Fraud-Schemes Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Donte

9 months ago

I think B is the odd one out here, not A!

upvoted 0 times

...

Glory

9 months ago

I thought purchasing schemes were legit, but they can be misused?

upvoted 0 times

...

Idella

10 months ago

Wait, are you sure D isn't a method too?

upvoted 0 times

...

Alethea

10 months ago

Totally agree, A is a clear method!

upvoted 0 times

...

Charlesetta

10 months ago

Larceny schemes are definitely a method used for stealing.

upvoted 0 times

...

Antonio

10 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.

upvoted 0 times

...

Jerilyn

11 months 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.

upvoted 0 times

...

Cecil

11 months 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.

upvoted 0 times

...

Gerald

11 months ago

I think I remember that larceny schemes are definitely a method of stealing inventory, but I'm not sure about the others.

upvoted 0 times

...

Dorethea

11 months 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.

upvoted 0 times

...

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.

upvoted 0 times

...

Kris

11 months 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.

upvoted 0 times

...

Sunshine

11 months 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.

upvoted 0 times

...

Teddy

11 months 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.

upvoted 0 times

...

Gayla

11 months 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.

upvoted 0 times

...

Albina

11 months 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.

upvoted 0 times

...

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.

upvoted 0 times

...

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.

upvoted 0 times

...

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.

upvoted 0 times

Markus

1 year ago

C) Purchasing and receiving schemes

upvoted 0 times

...

Javier

1 year ago

Hmm, I'm not sure either. Let's review the options again.

upvoted 0 times

...

Emilio

1 year ago

No, I believe it's B) Asset requisition and transfer.

upvoted 0 times

...

Willow

1 year ago

I think it's D) Sales & Equipment handling.

upvoted 0 times

...

Amira

1 year ago

D) Sales & Equipment handling

upvoted 0 times

...

Vallie

1 year ago

C) Purchasing and receiving schemes

upvoted 0 times

...

Ma

1 year ago

B) Asset requisition and transfer

upvoted 0 times

...

Jenifer

1 year ago

B) Asset requisition and transfer

upvoted 0 times

...

Deonna

1 year ago

A) Larceny schemes

upvoted 0 times

...

Thea

1 year ago

A) Larceny schemes

upvoted 0 times

...

Elza

1 year ago

I think the answer is D) Sales & Equipment handling. That sounds like a way to siphon off assets, not a legitimate business practice.

upvoted 0 times

Refugia

1 year ago

Chara: So, we can eliminate D) Sales & Equipment handling as the answer.

upvoted 0 times

...

Jess

1 year ago

User 3: B) Asset requisition and transfer also sounds like a possible method for stealing assets.

upvoted 0 times

...

Chara

1 year ago

User 2: Definitely, A) Larceny schemes and C) Purchasing and receiving schemes seem more likely.

upvoted 0 times

...

Pete

1 year ago

User 1: I agree, D) Sales & Equipment handling doesn't sound like a method for stealing inventory.

upvoted 0 times

...

Pearlie

1 year 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.

upvoted 0 times

...