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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam - Topic 2 Question 3 Discussion

How many accounts are affected in fraudulent accounting entries and therefore the same number of categories on the financial statement?
B) At least two
A) One
C) More than two
D) None of above

ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam - Topic 2 Question 3 Discussion

Actual exam question for ACFE's CFE-Fraud-Schemes-and-Financial-Crimes exam
Question #: 3
Topic #: 2
[All CFE-Fraud-Schemes-and-Financial-Crimes Questions]

How many accounts are affected in fraudulent accounting entries and therefore the same number of categories on the financial statement?

Show Suggested Answer Hide Answer
Suggested Answer: B

Rationale for Correct Answer:

By double-entry accounting rules, every accounting entry affects at least two accounts (debit and credit). Fraudulent entries must also follow this rule, meaning manipulation will show up in at least two categories on the financial statements.

Analysis of Incorrect Options:

A . One -- Impossible in double-entry accounting.

C . More than two -- Possible, but not always; the minimum is two.

D . None of above -- Incorrect since ''at least two'' is correct.

Key Concept:

Double-entry accounting ensures at least two accounts are affected in every transaction, including fraudulent ones.


ACFE Fraud Examiners Manual (2020 International Edition), Accounting Concepts --- Double-entry Accounting and Fraudulent Entries.

by Therese at Jun 28, 2026, 06:19 PM

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Glendora
4 days ago
I lean towards A. Sometimes just one account can be manipulated.
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Ashton
9 days ago
True, but usually at least two is a safe bet.
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Vincent
15 days ago
I feel like it could be C. More than two in complex cases.
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Heike
20 days ago
Agreed, B makes sense. Debits and credits, right?
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Domitila
25 days ago
I think it's B. At least two accounts are usually affected.
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Jesusita
1 month ago
I don't know, I feel like it could be none of the above too.
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Latosha
1 month ago
Fraud usually impacts multiple categories, so I'm leaning towards C.
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Carma
1 month ago
Wait, are you saying it can be just one account? That seems off.
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Jeniffer
2 months ago
I think it could be more than two, honestly.
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Jamal
2 months ago
Definitely at least two accounts involved.
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Alecia
2 months ago
I’m pretty certain that at least two accounts are involved in fraudulent entries, so I would go with B.
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Scarlet
2 months ago
I'm a bit confused. Could it be possible for more than two accounts to be affected? I guess it depends on the type of fraud.
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Asuncion
2 months ago
This question feels familiar; I think we practiced one similar to this in class. I lean towards option B.
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Chara
2 months ago
I think I remember that fraudulent entries usually involve at least two accounts, but I'm not entirely sure.
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