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ACFE Exam CFE Topic 1 Question 63 Discussion

Actual exam question for ACFE's CFE exam
Question #: 63
Topic #: 1
[All CFE Questions]

_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

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Suggested Answer: A

by Cassi at Sep 17, 2024, 05:56 AM

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Han
2 months ago
I bet the answer is A. Fraudulent statements are the bread and butter of corporate scandals. It's like they're trying to make a work of fiction out of the balance sheets!
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Doretha
15 days ago
That's why it's so important for companies to have strong internal controls to prevent fraud.
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Anisha
29 days ago
It's scary how easily people can be misled by those kinds of reports.
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Sherrell
1 months ago
I agree, fraudulent statements can really paint a false picture of a company's financial health.
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India
2 months ago
Haha, 'None of the above'? Nice try, but I'm not falling for that one. This is textbook financial fraud we're talking about here.
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Elbert
8 days ago
Haha, 'None of the above'? Nice try, but I'm not falling for that one. This is textbook financial fraud we're talking about here.
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Elenore
9 days ago
C) Asset misappropriations
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Gilberto
10 days ago
B) Corruption
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Lucina
15 days ago
A) Fraudulent statement
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Horace
2 months ago
Hmm, I think C is the answer. Asset misappropriation, like embezzling funds, is a sneaky way to cook the books. Who needs creative accounting when you can just steal the assets?
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Ricki
2 months ago
I'm going with B. Corruption is the root of all evil, and it often manifests in the accounting books. Fudging the numbers is just one shady tactic in the corrupt playbook.
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Scot
1 months ago
A) Fraudulent statement
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Tanja
1 months ago
I agree, corruption can lead to fraudulent financial statements.
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Isabelle
1 months ago
D) None of above
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Meaghan
1 months ago
C) Asset misappropriations
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Benton
1 months ago
B) Corruption
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Lemuel
2 months ago
A) Fraudulent statement
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Cherry
2 months ago
Definitely A! Fraudulent financial reporting is the classic example of corporate deception. Trying to hoodwink shareholders? That's a big no-no.
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Antione
16 days ago
Definitely not none of the above. It's fraudulent statement.
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Cyndy
17 days ago
D) None of above
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Anisha
18 days ago
Not asset misappropriations, it's more about misreporting financial data.
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Kami
19 days ago
C) Asset misappropriations
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Irene
20 days ago
No, it's not corruption. It's about misleading financial information.
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Howard
26 days ago
B) Corruption
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Charlie
29 days ago
Absolutely, fraudulent financial reporting is a serious issue.
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Garry
1 months ago
A) Fraudulent statement
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Arletta
3 months ago
C) Asset misappropriations can also be a form of financial misreporting.
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Glennis
3 months ago
I think some companies do this to make their financial position look better than it actually is.
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Latia
3 months ago
A) Fraudulent statement involves purposeful misreporting of financial information.
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