ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 2 Question 73 Discussion

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

Question #: 73
Topic #: 2

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

According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud,

while_________schemes are the MOST COSTLY form of occupational fraud.

AAsset misappropriation; corruption

BCorruption, asset misappropriation

CFinancial statement fraud: corruption

DAsset misappropriation: financial statement fraud

Show Suggested Answer

Suggested Answer: B

by Kirk at Nov 26, 2023, 03:04 AM

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8 days ago

Financial statement fraud? I thought that was just 'creative accounting' - who doesn't do that?

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10 days ago

Corruption? Psh, that's just how business is done these days. Can't beat 'em, join 'em!

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14 days ago

Asset misappropriation schemes? That's like taking office supplies home - not a big deal, right?

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17 days ago

That makes sense, since corruption can involve larger sums of money.

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19 days ago

I think corruption schemes are the most costly.

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19 days ago

According to the report, asset misappropriation schemes are the most common.

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