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ACFE CFE Exam - Topic 1 Question 90 Discussion

Which of the following must be present for a fraud to exist?
D) All of the above
A) A material false statement
B) Knowledge that the statement was false when it was uttered
C) Reliance on the fast statement by the victim

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?

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Suggested Answer: D

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

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Sheldon
1 month ago
All of them must be present for it to count as fraud.
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Blair
1 month ago
I feel like C is often overlooked, but it's vital.
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Elvera
1 month ago
I agree with D. Each part plays a role in fraud.
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William
2 months ago
A is important, but B and C are also key.
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Valentine
2 months ago
Definitely! Without all three, it's not fraud.
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Halina
2 months ago
I think D is the right answer. All elements are crucial.
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Junita
2 months ago
Not sure about C, seems a bit iffy to me.
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Maddie
2 months ago
Totally agree, it has to be all of them!
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Bette
2 months ago
Wait, can fraud exist without a material false statement?
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Dortha
4 months ago
I think B is the most crucial.
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Mabel
4 months ago
Definitely all of the above!
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Elsa
5 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
5 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
5 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
5 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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