Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

ACFE CFE Exam - Topic 4 Question 39 Discussion

Actual exam question for ACFE's CFE exam
Question #: 39
Topic #: 4
[All CFE Questions]

By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

Show Suggested Answer Hide Answer
Suggested Answer: A

by Nobuko at Aug 05, 2023, 11:15 PM

Limited Time Offer

25%

Off

Get Premium CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Milly
5 months ago
Misappropriations could fit too, but I lean towards conservatism.
upvoted 0 times
...
Delpha
5 months ago
Definitely not matching, that’s for sure.
upvoted 0 times
...
Keshia
5 months ago
Wait, are we sure it’s not fraudulent? That’s a big claim!
upvoted 0 times
...
Miss
6 months ago
I totally agree, it’s all about being cautious with estimates!
upvoted 0 times
...
Mitzie
6 months ago
Sounds like a classic case of conservatism in accounting.
upvoted 0 times
...
Skye
6 months ago
Misappropriations sounds familiar, but I don't think that's what the question is asking. I wish I had reviewed conservatism more thoroughly!
upvoted 0 times
...
Rose
6 months ago
I feel like matching is about aligning revenues and expenses, so it can't be that. Conservatism seems more relevant, but I could be wrong.
upvoted 0 times
...
Nikita
6 months ago
I remember a practice question about fraudulent statements, but that doesn't quite fit here. This question feels tricky.
upvoted 0 times
...
Audra
7 months ago
I think this might relate to conservatism, but I'm not entirely sure. It seems like it has to do with being cautious in financial reporting.
upvoted 0 times
...
Kindra
7 months ago
Okay, let me see. The SQL query is looking for posts where the author contains "john" anywhere in the name. I think option A might be the closest match, using the regex /John/ to do a partial string match.
upvoted 0 times
...
Azalee
7 months ago
Okay, I think I've got this. The key is to look for an example where the consequence actually leads to a decrease in the undesirable behavior. Option C with the sticker loss seems like the clearest example of that.
upvoted 0 times
...
Arthur
7 months ago
Hmm, I'm a bit unsure about this one. The wording of the options is tripping me up. Let me re-read the question and think through the concepts.
upvoted 0 times
...
Adell
11 months ago
C. Conservatism all the way! Gotta keep those accountants on a tight leash, you know? No room for 'creative accounting' here!
upvoted 0 times
...
Sabine
11 months ago
Misappropriations? That's just stealing, plain and simple. I'm sticking with C. Conservatism. Better safe than sorry, right?
upvoted 0 times
Rolf
10 months ago
C) Conservatism
upvoted 0 times
...
Denise
10 months ago
B) Misappropriations
upvoted 0 times
...
Sheron
11 months ago
A) Fraudulent statement
upvoted 0 times
...
...
Maryann
12 months ago
Matching seems like the most logical choice here. You know, the whole 'matching' expenses with revenues thing. But C. Conservatism sounds good too.
upvoted 0 times
Elise
11 months ago
D) Matching
upvoted 0 times
...
Rasheeda
11 months ago
C) Conservatism
upvoted 0 times
...
Sherly
12 months ago
B) Misappropriations
upvoted 0 times
...
Erasmo
12 months ago
A) Fraudulent statement
upvoted 0 times
...
...
Ernie
1 year ago
Haha, 'Fraudulent statement'? Really? That's just asking to get arrested! I'm going with C. Conservatism.
upvoted 0 times
Hildred
11 months ago
Yeah, I don't want to mess with anything fraudulent. C. Conservatism seems like the safe choice.
upvoted 0 times
...
Taryn
11 months ago
I agree, 'Fraudulent statement' sounds risky. I'll go with C. Conservatism.
upvoted 0 times
...
...
Matthew
1 year ago
I think the answer is C. Conservatism. It's all about playing it safe and not overstating the financial figures.
upvoted 0 times
Cordelia
11 months ago
Exactly, being conservative helps to ensure the financial statements are reliable.
upvoted 0 times
...
Chanel
11 months ago
That's right, it's important to be conservative to avoid misleading investors.
upvoted 0 times
...
Louis
11 months ago
Yes, conservatism is all about understating rather than overstating.
upvoted 0 times
...
Lazaro
11 months ago
I agree, it's definitely about being cautious with the financial figures.
upvoted 0 times
...
Mila
11 months ago
D) Matching
upvoted 0 times
...
Detra
12 months ago
C) Conservatism
upvoted 0 times
...
Ivette
12 months ago
B) Misappropriations
upvoted 0 times
...
Carissa
12 months ago
A) Fraudulent statement
upvoted 0 times
...
...
Shawna
1 year ago
I'm not sure, but I think D) Matching could also be a valid answer.
upvoted 0 times
...
Vilma
1 year ago
I agree with Melvin, conservatism is about being cautious with financial figures.
upvoted 0 times
...
Melvin
1 year ago
I think the answer is C) Conservatism.
upvoted 0 times
...

Save Cancel