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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 9 Question 60 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 60
Topic #: 9
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Which of the following factors is NOT included in most financial statement schemes?

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Suggested Answer: B

by Gracia at Oct 27, 2022, 02:04 PM

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Virgie
5 months ago
Improper asset valuations can happen, but not fictitious revenues!
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Anna
6 months ago
Concealed liabilities are usually included, right?
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Heike
6 months ago
Wait, are we sure about that? Seems fishy.
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Antione
6 months ago
I agree, that's a big no-no in financial statements!
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Louann
6 months ago
Fictitious revenues are definitely not standard.
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Marge
6 months ago
Improper asset valuations seem like they could be included, but I can't recall if they are specifically listed in the schemes. This is tricky!
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Cecily
6 months ago
I practiced a similar question about concealed liabilities last week, and I think they are usually included in financial statements, so maybe that's not the answer.
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Bulah
6 months ago
I feel like persuasive evidence might not be a standard factor in financial statements. It seems more subjective compared to the others.
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Ollie
7 months ago
I think I remember that fictitious revenues are often considered a red flag in financial statements, but I'm not sure if they're actually included in the schemes.
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Dorian
7 months ago
Hmm, I'm not totally sure how to create a Quick Part or where to save it in the template. I'll need to review those steps carefully.
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Louvenia
7 months ago
I think the answer is A. Network virtualization in data centers seems like the most relevant option based on my understanding of Ethernet VPNs.
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