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 72 Discussion

Actual exam question for ACFE's CFE exam
Question #: 72
Topic #: 4
[All CFE Questions]

Skimming is:

Show Suggested Answer Hide Answer
Suggested Answer: C

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

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
Ashton
5 months ago
Not sure if I buy that definition, seems too simple.
upvoted 0 times
...
Tula
5 months ago
Totally agree, it’s all about that pre-entry cash!
upvoted 0 times
...
Nada
5 months ago
Wait, so it’s not just about stealing cash?
upvoted 0 times
...
Carmelina
5 months ago
I thought it was after the entry, but I guess not!
upvoted 0 times
...
Graciela
6 months ago
Skimming is definitely about removing cash before it's recorded.
upvoted 0 times
...
Tabetha
6 months ago
I definitely recall skimming being linked to cash removal, but I can't remember if it was before or after entry.
upvoted 0 times
...
Tamra
6 months ago
I feel like skimming could also refer to something else entirely, maybe option D is the right choice?
upvoted 0 times
...
Billye
6 months ago
I remember a practice question where we discussed cash removal, and I think it was related to option C.
upvoted 0 times
...
Sherell
6 months ago
I think skimming is about removing cash, but I'm not sure if it's before or after it gets recorded.
upvoted 0 times
...
Maryann
6 months ago
This is a tricky one, but I'm going to use the process of elimination. Options B and D don't seem to fit the definition of skimming, so I'm going to rule those out. Between A and C, I think A is the better match, so that's my final answer.
upvoted 0 times
...
Shelba
6 months ago
Wait, I'm confused. The options are talking about removing or adding cash, but I thought skimming was more about quickly reading through something to get the main points. I'm not sure which answer is correct here.
upvoted 0 times
...
Pilar
6 months ago
Okay, I think I've got it. Skimming is the removal of cash from a victim entity before it's entered into the accounting system. That matches option A, so I'm going to go with that.
upvoted 0 times
...
Aleta
6 months ago
Hmm, I'm a little unsure about this one. The options seem to be getting at some kind of financial fraud or theft, but I want to make sure I fully understand the concept of "skimming" before answering.
upvoted 0 times
...
Oretha
7 months ago
This one seems pretty straightforward. I'm going to carefully read through the options and select the one that best matches the definition of "skimming" that I'm familiar with.
upvoted 0 times
...
Daniela
12 months ago
Skimming, shmimming - I prefer to keep my hands clean and my ledgers balanced. Option D all the way!
upvoted 0 times
...
Abel
12 months ago
D) None of the above? More like 'None of the above board' when it comes to these shady practices.
upvoted 0 times
Antonio
10 months ago
D) None of the above? More like 'None of the above board' when it comes to these shady practices.
upvoted 0 times
...
Remona
11 months ago
C) The removal of cash from a victim entity after its entry in an accounting system.
upvoted 0 times
...
Herminia
11 months ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
upvoted 0 times
...
...
Dalene
1 year ago
I think the answer is A, because skimming involves stealing cash before it's accounted for.
upvoted 0 times
...
Bernadine
1 year ago
Ah, the classic 'cash disappearance act' - a magician's dream, but definitely not an accountant's.
upvoted 0 times
Paola
11 months ago
C) The removal of cash from a victim entity after its entry in an accounting system.
upvoted 0 times
...
Cecilia
11 months ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
upvoted 0 times
...
Alayna
12 months ago
D) None of above
upvoted 0 times
...
Shanda
12 months ago
C) The removal of cash from a victim entity after its entry in an accounting system.
upvoted 0 times
...
Zoila
12 months ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
upvoted 0 times
...
...
Becky
1 year ago
Skimming? More like 'skim milk' - the less you take, the better for your waistline and your conscience!
upvoted 0 times
...
Deandrea
1 year ago
I agree with Jarod, skimming is about taking cash before it's recorded.
upvoted 0 times
...
Jarod
1 year ago
Skimming is the removal of cash from a victim entity prior to its entry in an accounting system.
upvoted 0 times
...

Save Cancel