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

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.
B) Corruption, asset misappropriation
A) Asset misappropriation; corruption
C) Financial statement fraud: corruption
D) Asset misappropriation: financial statement fraud

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

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Suggested Answer: B

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

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Merissa
8 months ago
Yup, asset misappropriation is definitely the top one.
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Karima
8 months ago
I thought financial statement fraud was more common!
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Vincenza
8 months ago
Wait, are we sure about that? Sounds off to me.
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Janet
8 months ago
Totally agree, corruption costs way more though!
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Lavera
9 months ago
Asset misappropriation is the most common type of fraud.
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Fausto
9 months ago
I think the answer is A, but I could be mixing it up with another question we did about types of fraud.
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Dion
9 months ago
I recall that financial statement fraud was highlighted in the materials, but I can't remember if it was the most costly or not.
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Leoma
9 months ago
I'm not entirely sure, but I feel like corruption might be the most costly. We had a practice question that touched on that.
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Eva
9 months ago
I think I remember that asset misappropriation was mentioned as the most common type of fraud in our review sessions.
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Goldie
9 months ago
Alright, let me think this through. The report covers the most common and most costly forms of occupational fraud, so I need to match the answer choices to that information. I'll carefully consider each option to make sure I select the correct response.
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Sue
9 months ago
This is a straightforward question, just need to remember the key details from the report. Asset misappropriation is usually the most common, while financial statement fraud tends to be the most costly. I'm confident I can nail this one.
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Lilli
10 months ago
Hmm, I'm a bit unsure about this one. I know the report covers occupational fraud, but I can't quite recall the specifics on the most common and most costly types. I'll have to think this through step-by-step to make sure I get the right answer.
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Esteban
10 months ago
Okay, I think I've got this. The question is asking about the most common and most costly forms of occupational fraud according to the 2020 report. I'll carefully read through the answer choices and select the one that matches the information provided.
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Jacklyn
10 months ago
This question seems straightforward, but I want to make sure I understand the key details from the 2020 Report to the Nations. I'll quickly review the information on the most common and most costly forms of occupational fraud.
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Craig
10 months ago
Hmm, this is a tricky one. I'm not totally sure about the differences between the options, but I think I'd go with A, B, and E to cover the main areas of planning.
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Genevieve
10 months ago
I'm a bit unsure, but I remember something about monitoring forecast error being important for central warehouses. Does that relate to DRP?
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Isabelle
10 months ago
Just-in-time access seems like the most relevant option here, as it allows for temporary, controlled access to virtual machines. I'll focus on understanding how that feature works and how it could address the requirements.
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Nickolas
10 months ago
I'm torn between service-oriented analysis and service-oriented design. Both sound relevant, but I think design involves more detailed modeling.
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Gerald
10 months ago
I feel uncertain about this one. I vaguely recall that higher gamma means more sensitivity to underlying stock price changes. Should I pick option A?
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Franklyn
1 year ago
Haha, nice try, you fraudsters! Time to learn the difference between a 'perk' and a 'crime'.
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Lore
1 year ago
That's right, it's important to be aware of these schemes to prevent fraud.
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Trinidad
1 year ago
Yes, they are, but the most costly form is financial statement fraud.
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Mindy
1 year ago
Embezzlement schemes are the most common form of occupational fraud.
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Margot
1 year ago
Asset misappropriation AND financial statement fraud? Looks like I've been doing this all wrong!
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Rebecka
1 year ago
It's important to be aware of both types of fraud to protect against them.
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Venita
1 year ago
But financial statement fraud schemes are the most costly.
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Delmy
1 year ago
Yes, asset misappropriation schemes are the most common form of occupational fraud.
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Lindsey
1 year ago
Financial statement fraud? I thought that was just 'creative accounting' - who doesn't do that?
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Christoper
1 year ago
Creative accounting may seem harmless, but it can lead to serious consequences. It's important to be aware of the risks.
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Dell
1 year ago
Yeah, financial statement fraud is actually a serious issue. It's the most costly form of occupational fraud.
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Yan
1 year ago
Creative accounting may seem harmless, but it can lead to serious consequences. It's important to be ethical in financial reporting.
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Alyce
1 year ago
Yeah, financial statement fraud is actually a serious issue. It's the most costly form of occupational fraud.
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Marge
1 year ago
Corruption? Psh, that's just how business is done these days. Can't beat 'em, join 'em!
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Amber
1 year ago
Asset misappropriation schemes? That's like taking office supplies home - not a big deal, right?
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Kasandra
1 year ago
That makes sense, since corruption can involve larger sums of money.
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Chu
1 year ago
I think corruption schemes are the most costly.
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Kasandra
1 year ago
According to the report, asset misappropriation schemes are the most common.
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