ACFE Exam CFE Topic 1 Question 63 Discussion

Actual exam question for ACFE's CFE exam

Question #: 63
Topic #: 1

[All CFE Questions]

_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

AFraudulent statement

BCorruption

CAsset misappropriations

DNone of above

Show Suggested Answer

Suggested Answer: A

by Cassi at Sep 17, 2024, 05:56 AM

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Han

2 months ago

I bet the answer is A. Fraudulent statements are the bread and butter of corporate scandals. It's like they're trying to make a work of fiction out of the balance sheets!

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Doretha

13 days ago

That's why it's so important for companies to have strong internal controls to prevent fraud.

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Anisha

27 days ago

It's scary how easily people can be misled by those kinds of reports.

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Sherrell

1 months ago

I agree, fraudulent statements can really paint a false picture of a company's financial health.

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India

2 months ago

Haha, 'None of the above'? Nice try, but I'm not falling for that one. This is textbook financial fraud we're talking about here.

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Elbert

6 days ago

Haha, 'None of the above'? Nice try, but I'm not falling for that one. This is textbook financial fraud we're talking about here.

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Elenore

7 days ago

C) Asset misappropriations

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Gilberto

8 days ago

B) Corruption

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Lucina

13 days ago

A) Fraudulent statement

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Horace

2 months ago

Hmm, I think C is the answer. Asset misappropriation, like embezzling funds, is a sneaky way to cook the books. Who needs creative accounting when you can just steal the assets?

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Ricki

2 months ago

I'm going with B. Corruption is the root of all evil, and it often manifests in the accounting books. Fudging the numbers is just one shady tactic in the corrupt playbook.

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