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ACFE CFE Exam - Topic 4 Question 79 Discussion

Financial statement fraud is committed by:
D) All of the above
A) Organized criminals
B) Mid and lower level employees
C) Senior Management

ACFE CFE Exam - Topic 4 Question 79 Discussion

Actual exam question for ACFE's CFE exam
Question #: 79
Topic #: 4
[All CFE Questions]

Financial statement fraud is committed by:

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Suggested Answer: D

by Nada at Jul 04, 2025, 12:06 AM

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Zona
9 months ago
Not sure about organized criminals being a big factor here.
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Mary
9 months ago
Mid and lower level employees can be involved, but not always.
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Alverta
9 months ago
Wait, organized criminals too? That's surprising!
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Edmond
9 months ago
I think it's mostly senior management.
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Stevie
9 months ago
Definitely all of the above!
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Lilli
10 months ago
I’m torn between B and C. I know mid and lower level employees can commit fraud, but senior management has more opportunity, right?
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Shawnda
10 months ago
I feel like it could be D, all of the above, since fraud can happen at any level, but I’m not completely confident.
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Gregg
10 months ago
I remember a practice question that mentioned senior management often being the ones to commit fraud, so I’m leaning towards option C.
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Ilene
10 months ago
I think financial statement fraud can involve all levels of an organization, but I'm not sure if organized criminals are typically included.
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Xochitl
11 months ago
I'm a little confused on this question. Is it possible that organized criminals could also commit financial statement fraud, even if it's less common? I want to make sure I'm not missing something. I'll have to review my notes on this topic.
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Mayra
11 months ago
Okay, I've got this. The key is understanding who has the most power and access to manipulate financial statements. That would be senior management, so the answer is C. I feel confident about this one.
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Florinda
11 months ago
Hmm, I'm not totally sure about this one. Could it be D, all of the above? I remember learning that financial statement fraud can be committed by different levels of employees. Let me think this through carefully.
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Annamae
11 months ago
This one seems straightforward - I'm pretty sure the answer is C, senior management. They would have the most ability and incentive to commit financial statement fraud.
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Dortha
1 year ago
So, the answer could be D) All of the above.
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Jacob
1 year ago
D) All of the above, because when it comes to money, everyone's a potential criminal. Even the dog might be embezzling treats!
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Jacklyn
1 year ago
That's true, organized criminals can also be involved in financial statement fraud.
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Inocencia
1 year ago
C) Senior Management, they're the ones with the power to cook the books and get away with it. Gotta love those corner offices!
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Chandra
1 year ago
But don't you think organized criminals can also commit financial statement fraud?
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Dortha
1 year ago
I agree with Jacklyn, senior management has the power to manipulate financial statements.
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Terrilyn
1 year ago
B) Mid and lower level employees, they're just trying to make ends meet, you know?
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Bettye
11 months ago
D) All of the above can be involved in financial statement fraud, including mid and lower level employees.
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Jarod
12 months ago
C) Senior Management can also be responsible for committing financial statement fraud.
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Latrice
1 year ago
A) Organized criminals are also involved in financial statement fraud.
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Jacklyn
1 year ago
I think financial statement fraud is committed by senior management.
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Novella
1 year ago
D) All of the above, because fraud knows no boundaries. Even the janitor could be a secret financial mastermind!
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Hobert
1 year ago
C) Senior Management, of course! Those guys are the real financial wizards, aren't they?
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Jamika
1 year ago
D) All of the above
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Emilio
1 year ago
C) Senior Management
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Graham
1 year ago
B) Mid and lower level employees
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Ozell
1 year ago
A) Organized criminals
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