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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William

10 hours ago

A is important, but B and C are also key.

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Valentine

6 days ago

Definitely! Without all three, it's not fraud.

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Halina

11 days ago

I think D is the right answer. All elements are crucial.

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Junita

16 days ago

Not sure about C, seems a bit iffy to me.

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Maddie

21 days ago

Totally agree, it has to be all of them!

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Bette

26 days ago

Wait, can fraud exist without a material false statement?

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Dortha

2 months ago

I think B is the most crucial.

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Mabel

3 months ago

Definitely all of the above!

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Elsa

3 months 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

3 months 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

3 months 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

4 months 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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