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ACFE CFE Exam - Topic 1 Question 81 Discussion

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

ACFE CFE Exam - Topic 1 Question 81 Discussion

Actual exam question for ACFE's CFE exam
Question #: 81
Topic #: 1
[All CFE Questions]

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

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Suggested Answer: A

by Jacquline at Jul 30, 2025, 06:31 AM

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Wilson
9 months ago
Fraud usually affects multiple categories, so C makes sense.
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Christiane
9 months ago
I agree, B seems right!
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Sharen
9 months ago
More than two? Really? That sounds excessive.
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Olga
9 months ago
I thought it could be just one account, but I guess not!
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France
9 months ago
Definitely at least two accounts involved.
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Alisha
10 months ago
From what I studied, fraud typically impacts at least two accounts, so I’d go with "At least two." It makes sense for the financial statements.
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Eileen
10 months ago
I'm a bit unsure, but I feel like it could just be one account if it's a simple adjustment. Maybe "One" is a possibility?
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Noah
10 months ago
I remember practicing a question similar to this, and it mentioned that fraud often involves multiple categories. So, I’m leaning towards "More than two."
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Sean
10 months ago
I think fraudulent entries usually affect at least two accounts, right? Like, one for the expense and one for the revenue?
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Amie
11 months ago
This is a tricky one. I'm not entirely sure what the right answer is, but I'll give it my best shot. I'll start by considering the basic principles of accounting and how fraudulent entries can ripple through the financial statements. Hopefully that will point me in the right direction.
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Brynn
11 months ago
Okay, I've got an idea on how to approach this. The key is to remember that fraudulent entries will affect multiple accounts, which in turn will impact the corresponding categories on the financial statements. I'll need to analyze the options carefully to determine the best answer.
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Lili
11 months ago
Hmm, I'm a bit unsure about this one. I'll need to review my notes on accounting principles and fraud detection to make sure I understand the relationship between fraudulent entries and financial statement categories. Let me think this through step-by-step.
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Theodora
11 months ago
This seems like a straightforward question about the number of accounts affected in fraudulent accounting entries. I'll need to think through the logic carefully, but I'm confident I can figure this out.
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Johanna
12 months ago
C. More than two accounts are definitely affected. Fraudsters don't just mess with one account, they gotta go big or go home!
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Andra
11 months ago
Totally agree! More than two accounts for sure.
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Wendell
11 months ago
Exactly, fraud is never that simple!
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Stevie
11 months ago
Yep, gotta manipulate lots to hide the scheme!
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Martha
11 months ago
They usually impact a whole bunch of categories too.
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Gayla
1 year ago
B) At least two
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Rodrigo
1 year ago
I think the answer is B. At least two accounts would be affected in fraudulent accounting entries.
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Reuben
11 months ago
I agree, it makes sense that more than one account would be impacted.
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Isabella
12 months ago
I think the answer is B. At least two accounts would be affected in fraudulent accounting entries.
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