Discuss ACFE CFE Exam Topic 5 Question 87

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

AInventory larceny scheme

CFraudulent purchase

BAsset receiving scheme

DFalsify shipping

Suggested Answer: A

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25 comments · newest first

Reita 4 months ago

Definitely! It shows intent to misuse company assets.

Joesph 4 months ago

I feel like this question is tricky. Misappropriation is key here.

Kara 4 months ago

Yeah, that sounds right. It's a common fraud type.

Gianna 5 months ago

I think it's called asset misappropriation.

Carolann 6 months ago

Misappropriation is definitely a big issue in corporate finance.

Alva 6 months ago

I’m not sure that’s the right term for it.

Chaya 6 months ago

Wait, so the company bought the assets? That's wild!

Tien 6 months ago

Totally agree, it's a common type of fraud.

Gertude 6 months ago

That's called asset misappropriation.

Abel 6 months ago

Misappropriation, for sure. The company's money, the fraudster's problem.

Carman 7 months ago

Hmm, I'd say that's a textbook example of "creative accounting" gone wrong.

Ira 7 months ago

Embezzlement, obviously. Who else would intentionally buy assets just to steal them?

Lawanda 7 months ago

Sounds like a classic case of corporate kleptomaniac syndrome.

Gayla 7 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.

Judy 7 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.

Salome 8 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"?

Jolene 8 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.

Bethanie 8 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.

Kenny 9 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.

Lindsay 9 months ago

I'm a bit confused on the distinction here. Is this asking about the company's intent or the fraudster's actions?

Shannon 9 months ago

Okay, I think I know the answer to this. It's referring to asset misappropriation, right?

Venita 9 months ago

Hmm, this seems like a tricky one. I'll need to think carefully about the difference between intentional purchase and misappropriation.

Lynelle 3 months ago

↳ replying to Venita

I believe it's about the intent behind the purchase.

Oretha 3 months ago

↳ replying to Venita

Yeah, I get confused too. What do you think it is?

Florinda 3 months ago

↳ replying to Venita

Sounds complicated! Intentional purchase vs. misappropriation?

ACFE CFE Exam - Topic 5 Question 87 Discussion