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ACFE CFE Exam - Topic 1 Question 25 Discussion

Which of the following is true for Red flags associated with fictitious revenues?
C) A significant volume of sales to entries whose substance and ownership is not known.
A) Slow growth or usual profitability, when not compared to other companies in the same industry.
B) Usual growth in the number of days purchase in receivables
D) A usual surge in purchase by a majority of units within a company, or of purchase recorded by corporate headquarters.

ACFE CFE Exam - Topic 1 Question 25 Discussion

Actual exam question for ACFE's CFE exam
Question #: 25
Topic #: 1
[All CFE Questions]

Which of the following is true for Red flags associated with fictitious revenues?

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Suggested Answer: C

by Shalon at Oct 12, 2022, 02:22 AM

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Belen
10 months ago
B is just normal business practice, not a red flag.
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Delisa
10 months ago
Wait, are we really saying D is a red flag? That’s surprising!
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Felicitas
10 months ago
A seems off to me, not always a red flag.
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Leonida
11 months ago
I agree, C stands out the most.
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Lashanda
11 months ago
C is definitely a red flag.
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Hubert
11 months ago
I have a vague memory of red flags, and option B seems off. Usual growth in receivables doesn't really scream fictitious revenues to me.
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Barbra
11 months ago
I practiced a similar question before, and I think option D might be a trap. A surge in purchases could be normal for some companies, right?
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Jean
11 months ago
I'm not entirely sure, but I feel like option A could be misleading. Slow growth might not always indicate a problem if the industry is struggling too.
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Stevie
11 months ago
I remember discussing red flags in class, and I think option C sounds familiar. It seems like a clear indicator of fictitious revenues.
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Chantay
11 months ago
Okay, I've got this. The answer is clearly D - all of the above. Sitting quietly, explaining the test, and getting familiar with the equipment would all help anxious people feel more at ease and prepared.
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Iluminada
11 months ago
Ah, I remember learning about PAM configuration files in my Linux administration course. I believe the correct answer is option B, /etc/pam.d.
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Leeann
11 months ago
This seems straightforward enough. The issue is with the source IP persistence, so I'll go with option A to resolve it.
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Desmond
11 months ago
Alright, time to put my troubleshooting skills to the test. I'm going to methodically go through each option and think about how it could be the root cause. That should help me narrow it down.
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