ACFE Exam CFE Topic 4 Question 72 Discussion

Actual exam question for ACFE's CFE exam

Question #: 72
Topic #: 4

[All CFE Questions]

Skimming is:

AThe removal of cash from a victim entity prior to its entry in an accounting system.

BThe addition of cash from a victim entity prior to its entry in an accounting system.

CThe removal of cash from a victim entity after its entry in an accounting system.

DNone of above

Show Suggested Answer

Suggested Answer: C

by Galen at Jan 24, 2025, 10:40 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

12 days ago

I think the answer is A, because skimming involves stealing cash before it's accounted for.

upvoted 0 times

...

14 days ago

Ah, the classic 'cash disappearance act' - a magician's dream, but definitely not an accountant's.

upvoted 0 times

1 days ago

A) The removal of cash from a victim entity prior to its entry in an accounting system.

upvoted 0 times

...

15 days ago

Skimming? More like 'skim milk' - the less you take, the better for your waistline and your conscience!

upvoted 0 times

...

19 days ago

I agree with Jarod, skimming is about taking cash before it's recorded.

upvoted 0 times

...

19 days ago

Skimming is the removal of cash from a victim entity prior to its entry in an accounting system.

upvoted 0 times

...