ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 1 Question 67 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam

Question #: 67
Topic #: 1

[All CFE-Fraud-Prevention-and-Deterrence Questions]

Jody has been working at ABC Corp. for ten years. He steals funds from the company and tells himself that the company owes it to him for his "unrewarded hard work and loyalty" This situation BEST illustrates which leg of the Fraud Triangle?

APerceived non-shareable financial need

BRationalization

CPerceived opportunity

DLack of personal Integrity

Show Suggested Answer

Suggested Answer: D

by Gary at Jul 06, 2023, 01:14 AM

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Aliza

6 months ago

Sounds like he feels entitled, but that’s still wrong!

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Tonette

7 months ago

Not sure if it’s just rationalization, could be a mix of other factors too.

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Bette

7 months ago

Wait, is he really stealing? That's surprising!

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Leanna

7 months ago

I agree, it's all about rationalization here.

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Kimi

7 months ago

Definitely B, he's justifying his actions.

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Karina

8 months ago

I’m a bit confused, but I feel like the opportunity aspect might not fit here since it’s more about his justification for stealing.

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Isabelle

8 months ago

I remember a practice question about someone justifying their actions. I think that was about rationalization too, so I’m leaning towards that.

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Dell

8 months ago

I'm not entirely sure, but it seems like it could also touch on perceived non-shareable financial need. He feels the company owes him something.

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Dallas

8 months ago

I think this might relate to rationalization since Jody believes he deserves the money for his hard work.

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Chauncey

8 months ago

Hmm, I'm a bit confused. The question says the sales department has been eliminated, so I'm not sure if we should be looking for a specific department ID. Maybe option D would be better to return all the dismissed employees.

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Jutta

8 months ago

I'm not sure if we should be setting the "Automatically admit users" option to "Everyone" in the global policy. Wouldn't that apply to all users, not just the sales department? I think the better approach is to create a new policy and apply it to the sales team.

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Rebeca

8 months ago

Hmm, this one seems a bit tricky. I'll need to think it through carefully.

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Shenika

1 year ago

Hmm, what's this 'fraud triangle' you all keep talking about? Sounds like a made-up thing to me. I'm just taking what's rightfully mine - it's not stealing if you deserve it, right?

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Elina

1 year ago

Yeah, rationalizing theft as 'deserved' doesn't change the fact that it's still fraud. It's important to understand the consequences of such actions.

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Tess

1 year ago

But isn't it still considered stealing if you take funds that don't belong to you, regardless of how you justify it?

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An

1 year ago

It's actually a real concept in fraud investigation. The Fraud Triangle consists of three elements: pressure, opportunity, and rationalization.

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Leota

1 year ago

A) Perceived non-shareable financial need, for sure. Jody's probably in a tough spot and thinks he can't get the money any other way. Still, that's no excuse for stealing! This question is really making me question my own moral compass.

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Denny

12 months ago

C) Opportunity. Jody has been working at ABC Corp. for ten years, giving him the opportunity to steal funds without getting caught easily.

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Luisa

12 months ago

B) Rationalization. Jody is justifying his actions by convincing himself that he deserves the stolen funds due to his hard work and loyalty.

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Carol

1 year ago

A) Perceived non-shareable financial need, for sure. Jody's probably in a tough spot and thinks he can't get the money any other way. Still, that's no excuse for stealing!

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Maira

1 year ago

I'm going with D) Lack of personal Integrity. Jody knows what he's doing is wrong, but he's putting his own interests ahead of the company's. Tsk tsk, you can't just take what you feel you deserve, that's not how it works!

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Ryan

12 months ago

A: Jody should have thought about the consequences before taking what doesn't belong to him.

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Simona

12 months ago

B: Yeah, it's definitely not right to justify stealing by saying the company owes you.

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Pearly

1 year ago

A: I agree, lack of personal integrity is a big factor here.

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Penney

1 year ago

Oh man, Jody's got some serious issues! This is a clear-cut case of C) Perceived opportunity. He's exploiting his position to steal from the company. Gotta say, the fraud triangle is a fascinating concept.

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Bettyann

12 months ago

Absolutely, it's a dangerous mindset to have. Hopefully, the company catches on before it's too late.

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Wendell

1 year ago

It's crazy how people can justify their actions like that, thinking they're somehow entitled to steal.

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Florinda

1 year ago

I agree, it's definitely a case of perceived opportunity. He saw a chance to take advantage of the situation.

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Emily

1 year ago

Yeah, Jody definitely crossed a line by stealing from the company.

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Lettie

1 year ago

Hopefully, ABC Corp. catches on soon and puts a stop to Jody's unethical behavior.

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Nichelle

1 year ago

It's sad to see someone justify stealing like that. It's a clear example of rationalization in the Fraud Triangle.

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Jani

1 year ago

I agree, it's definitely a case of perceived opportunity. He saw a chance to take the money and went for it.

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Mitsue

1 year ago

Yeah, Jody definitely crossed a line. He's taking advantage of his access to company funds.

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Dorothea

1 year ago

But isn't it also because of perceived opportunity? He saw a chance to take the funds.

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Dick

1 year ago

Hmm, this one's tricky. I think it's B) Rationalization - Jody is trying to justify his actions by convincing himself that he deserves the money. Feels a bit like a trick question, but I'm going with that option.

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