ACFE CFE Exam - Topic 5 Question 87 Discussion

Actual exam question for ACFE's CFE exam

Question #: 87
Topic #: 5

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

Show Suggested Answer

Suggested Answer: A

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

Limited Time Offer

25%

Off

Get Premium CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Reita

2 months ago

Definitely! It shows intent to misuse company assets.

upvoted 0 times

...

Joesph

2 months ago

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

upvoted 0 times

...

Kara

2 months ago

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

upvoted 0 times

...

Gianna

4 months ago

I think it's called asset misappropriation.

upvoted 0 times

...

Carolann

4 months ago

Misappropriation is definitely a big issue in corporate finance.

upvoted 0 times

...

Alva

4 months ago

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

upvoted 0 times

...

Chaya

4 months ago

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

upvoted 0 times

...

Tien

5 months ago

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

upvoted 0 times

...

Gertude

5 months ago

That's called asset misappropriation.

upvoted 0 times

...

Abel

5 months ago

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

upvoted 0 times

...

Carman

5 months ago

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

upvoted 0 times

...

Ira

5 months ago

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

upvoted 0 times

...

Lawanda

5 months ago

Sounds like a classic case of corporate kleptomaniac syndrome.

upvoted 0 times

...

Gayla

6 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.

upvoted 0 times

...

Judy

6 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.

upvoted 0 times

...

Salome

7 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"?

upvoted 0 times

...

Jolene

7 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.

upvoted 0 times

...

Bethanie

7 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.

upvoted 0 times

...

Kenny

7 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.

upvoted 0 times

...