ACFE CFE Exam - Topic 1 Question 90 Discussion

Actual exam question for ACFE's CFE exam

Question #: 90
Topic #: 1

[All CFE Questions]

Which of the following must be present for a fraud to exist?

AA material false statement

BKnowledge that the statement was false when it was uttered

CReliance on the fast statement by the victim

DAll of the above

Show Suggested Answer

Suggested Answer: D

by Owen at Apr 10, 2026, 07:37 PM

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Elsa

3 days ago

I’m a bit confused about whether knowledge of the false statement is always needed. I think I saw a case study that suggested it might not be.

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Hermila

8 days ago

I feel like option D makes the most sense since fraud usually involves all those elements, but I could be wrong.

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Lashawnda

13 days ago

I remember a practice question that emphasized the need for a false statement and reliance, but I can't recall if knowledge of the falsehood was also required.

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Antonio

18 days ago

I think all of them are important, but I'm not entirely sure if all are necessary for fraud to be proven.

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