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SOFE SOFA-CFE Exam - Topic 9 Question 12 Discussion

Posted by Blondell on May 04, 2022 at 12:18 PM

Which of eth following is NOT the common method for concealing liabilities and expenses?

Suggested Answer: D

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12 comments · newest first
VE
Verda 11 months ago
C is also a sneaky way to hide stuff, but A is more common.
HI
Hillary 11 months ago
I thought capitalized expenses were legit, not a concealment tactic.
GA
Garry 12 months ago
Wait, are we really saying management fraud is a method?
NO
Nohemi 12 months ago
I think D is the most obvious one here.
MA
Malinda 12 months ago
A is definitely a common method.
SY
Sylvie 1 year ago
I’m a bit confused about warranty costs; are they typically disclosed? I can’t recall if that’s a method for concealing expenses.
RO
Royce 1 year ago
I practiced a question similar to this, and I think omissions are definitely a common method.
RO
Rozella 1 year ago
I feel like management fraud is more about manipulating financial statements rather than concealing liabilities directly.
MI
Mila 1 year ago
I think I remember that capitalizing expenses is a common method, but I'm not sure if it's the only one.
DE
Dexter 1 year ago
Okay, let me see here. The 'managing a stage boundary' process is used to transition between project stages, so it makes sense that it would be near the end of each stage. I'll go with option C.
JU
Julio 1 year ago
The key here is that the existing site was built using tables, which is an outdated approach. Switching to HTML5 and CSS will allow for better structure, accessibility, and responsiveness across devices. I'd go with option C.
AS
Ashton 1 year ago
I've got a good strategy - I'll read through the options, eliminate the ones that don't apply, and select all the correct conditions.
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