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ACFE CFE Exam - Topic 1 Question 59 Discussion

Actual exam question for ACFE's CFE exam
Question #: 59
Topic #: 1
[All CFE Questions]

Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

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Suggested Answer: B

by Kenneth at Jul 13, 2024, 08:06 PM

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Whitley
5 months ago
Totally agree, it's a huge red flag!
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Laurena
5 months ago
Wait, are we sure this isn't just a management issue?
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Corrie
5 months ago
Seems like a register scheme to me.
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Viola
5 months ago
I think it's more about disbursement schemes.
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Allene
6 months ago
That's definitely a fraud risk!
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Talia
6 months ago
I’m a bit confused, but I think it could also be linked to inventory issues, though that seems less likely.
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Lavonna
6 months ago
I feel like we practiced a question similar to this, and it pointed towards a register scheme because of the lack of access control.
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Belen
6 months ago
I'm not entirely sure, but I think this situation could relate to a disbursement scheme since it involves cash handling.
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Tennie
6 months ago
I remember discussing how multiple cashiers sharing a drawer can lead to accountability issues, which might hint at a fraudulent scheme.
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Deangelo
6 months ago
I'm a little confused by the options here. I'll need to re-read the question carefully and think through the different types of schemes that could be involved with a shared cash drawer.
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Leanna
6 months ago
I'm confident the answer is A - fraudulent scheme. Multiple cashiers accessing the same drawer creates an opportunity for theft or manipulation of the cash.
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Arlen
6 months ago
Okay, let me break this down. A shared cash drawer without separate access codes could enable employees to potentially misappropriate funds, so I'll go with the fraudulent scheme option.
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Caitlin
6 months ago
This seems like a straightforward question about internal controls. I'll focus on identifying the key red flag mentioned in the question.
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Aide
7 months ago
Hmm, I'm a bit unsure about this one. I'll need to think through the different types of schemes and which one would be most likely with a shared cash drawer.
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Kassandra
7 months ago
Wait, I'm confused. I thought the audit committee was responsible for overseeing internal controls. I'll have to double-check my notes on this topic before answering.
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Desire
7 months ago
Based on the options, it seems like the feature allows for copying lot attributes either from child to parent, or between child lots. I'll need to carefully read each option to determine the two true statements.
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Gearldine
11 months ago
Option A, no doubt. Sharing a cash drawer? That's like handing the keys to the candy store to a bunch of kids. Recipe for disaster.
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Glory
11 months ago
Ha! I bet the auditors are having a field day with this one. Might as well call it the 'Steal Everything in Sight' scheme.
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Dallas
9 months ago
This setup could easily lead to a force inventory scheme.
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Rozella
10 months ago
D) Force inventory scheme
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Alline
10 months ago
Seems like they're setting up for a register scheme.
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Charolette
10 months ago
C) Register scheme
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Salena
10 months ago
It's like an invitation for disbursement scheme.
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Tawna
10 months ago
B) Disbursement scheme
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Ardella
10 months ago
Definitely a red flag for fraudulent scheme.
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Dean
10 months ago
A) Fraudulent scheme
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Iraida
11 months ago
Hmm, I'd say it's a register scheme. Seems like they're trying to cover their tracks with that shared cash drawer setup.
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Pedro
10 months ago
C) Register scheme
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Maxima
10 months ago
I think it's more likely a register scheme.
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Shelia
11 months ago
A) Fraudulent scheme
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Nu
12 months ago
I'm going with A. Separate access codes are crucial for accountability. This is a classic red flag for potential fraud.
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Juan
10 months ago
C) Register scheme
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Rebbecca
10 months ago
I agree, separate access codes are important for accountability.
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Terrilyn
10 months ago
A) Fraudulent scheme
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Adelle
1 year ago
Definitely a fraudulent scheme. All those cashiers sharing the same drawer? Sounds like a recipe for disaster.
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Ellen
11 months ago
No, I think it's more likely a fraudulent scheme with shared access to the cash drawer.
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Claudio
11 months ago
B) Disbursement scheme
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Anisha
11 months ago
I agree, definitely a red flag for fraudulent activity.
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Danilo
11 months ago
A) Fraudulent scheme
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Shaun
1 year ago
I'm not sure, but I think it could also be C) Register scheme, since it involves manipulating the register to steal money.
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Alesia
1 year ago
I agree with Naomi, because multiple cashiers sharing a cash drawer can make it easier to cover up fraudulent activities.
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Naomi
1 year ago
I think it's A) Fraudulent scheme.
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