ACFE Exam CFE-Fraud-Prevention-and-Deterrence 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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Shenika

1 months 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

17 days 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

23 days 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

24 days 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

2 months 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 days 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

14 days 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

20 days 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

2 months 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

11 days ago

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

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Simona

14 days ago

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

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Pearly

23 days ago

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

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Penney

2 months 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

8 days ago

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

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Wendell

17 days ago

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

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Florinda

19 days 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

28 days ago

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

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Lettie

29 days ago

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

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Nichelle

1 months 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 months 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

2 months ago

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

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Dorothea

2 months ago

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

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Dick

2 months 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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