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ACFE Exam CFE Topic 5 Question 50 Discussion

Actual exam question for ACFE's CFE exam
Question #: 50
Topic #: 5
[All CFE Questions]

Which of the following is NOT the type of billing scheme?

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Suggested Answer: C

by Gail at Apr 14, 2024, 03:56 AM

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Emilio
10 months ago
So it seems like most of us agree that D) Personal purchases with company funds is the correct answer for this question.
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Alline
11 months ago
I see what you mean, David. The other options involve invoicing schemes, while personal purchases with company funds is a different type of fraud.
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Cordelia
11 months ago
I believe the correct answer is actually B) Invoicing via non-accomplice companies, because the question asks for the NOT type of billing scheme.
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Alita
11 months ago
I'm not sure, I think it could also be B) Invoicing via non-accomplice companies.
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Arlette
11 months ago
I agree with personal purchases with company funds is not a type of billing scheme.
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James
11 months ago
I think the answer is D) Personal purchases with company funds.
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Ryan
12 months ago
True, invoicing via shell companies is a common form of illegal billing schemes too.
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Odelia
12 months ago
But what about A, invoicing via shell companies? That also seems suspicious.
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Willard
1 years ago
I agree, personal purchases with company funds seem different from the other options.
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Francis
1 years ago
I think D is not the type of billing scheme.
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Vilma
1 years ago
You know, I heard that the exam committee is actually a front for a secret money laundering operation. So maybe they're trying to see who's in the know.
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Artie
1 years ago
Wait, are we supposed to be finding the right answer or the wrong answer? I'm so confused. Maybe I should just start my own shell company and invoice the exam company.
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Queenie
12 months ago
Right, the correct answer is D.
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Lottie
1 years ago
So, it must be personal purchases with company funds.
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Candida
1 years ago
We need to find the type of billing scheme that is NOT correct.
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Tricia
1 years ago
I'm pretty sure the correct answer is A - invoicing via shell companies. That's like the holy grail of shady billing practices. The other options are just amateurs trying to keep up.
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Misty
1 years ago
Okay, let's think this through. Invoicing via non-accomplice companies sounds legit, but invoicing via accomplice companies? That's got to be the answer, right? I mean, who needs accomplices when you can just do it all yourself?
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Mirta
1 years ago
Hmm, I'm not sure about this one. Isn't personal purchases with company funds just called 'Tuesday' for some people?
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Gregoria
1 years ago
This is a tricky question. I mean, who doesn't love a good ol' shell company for their invoicing needs? It's like the corporate version of a secret spy lair.
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