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ACFE CFE Exam - Topic 5 Question 87 Discussion

If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:
A) Inventory larceny scheme
C) Fraudulent purchase
B) Asset receiving scheme
D) Falsify shipping

ACFE CFE Exam - Topic 5 Question 87 Discussion

Actual exam question for ACFE's CFE exam
Question #: 87
Topic #: 5
[All CFE Questions]

If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

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Suggested Answer: A

by Lavonna at Jan 28, 2026, 11:43 AM

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Gianna
26 days ago
I think it's called asset misappropriation.
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Carolann
1 month ago
Misappropriation is definitely a big issue in corporate finance.
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Alva
1 month ago
I’m not sure that’s the right term for it.
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Chaya
1 month ago
Wait, so the company bought the assets? That's wild!
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Tien
2 months ago
Totally agree, it's a common type of fraud.
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Gertude
2 months ago
That's called asset misappropriation.
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Abel
2 months ago
Misappropriation, for sure. The company's money, the fraudster's problem.
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Carman
2 months ago
Hmm, I'd say that's a textbook example of "creative accounting" gone wrong.
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Ira
2 months ago
Embezzlement, obviously. Who else would intentionally buy assets just to steal them?
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Lawanda
2 months ago
Sounds like a classic case of corporate kleptomaniac syndrome.
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Gayla
3 months ago
I feel like this question is tricky. I think it might be "theft" or something like that, but I remember there were nuances in how we defined those terms in class.
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Judy
3 months ago
This sounds similar to a case study we did on fraud schemes. I believe it’s called "misappropriation of assets," but I could be mixing it up with another concept.
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Salome
4 months ago
I remember a practice question about fraud where the assets were misused, but I can't recall the specific terminology. Could it be something like "embezzlement"?
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Jolene
4 months ago
I think this might be related to asset misappropriation, but I'm not entirely sure if that's the exact term used in this context.
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Bethanie
4 months ago
Asset misappropriation, that's the term I'm pretty sure. The key is that the company bought the assets, but the fraudster took them improperly.
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Kenny
4 months ago
I've seen questions like this before. I believe the term for this is asset misappropriation, where the assets were intentionally purchased but then stolen by the fraudster.
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Lindsay
4 months ago
I'm a bit confused on the distinction here. Is this asking about the company's intent or the fraudster's actions?
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Shannon
4 months ago
Okay, I think I know the answer to this. It's referring to asset misappropriation, right?
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Venita
5 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the difference between intentional purchase and misappropriation.
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