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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Ricki

14 days 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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Cherry

15 days ago

Definitely A! Fraudulent financial reporting is the classic example of corporate deception. Trying to hoodwink shareholders? That's a big no-no.

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Arletta

20 days ago

C) Asset misappropriations can also be a form of financial misreporting.

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Glennis

24 days ago

I think some companies do this to make their financial position look better than it actually is.

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Latia

25 days ago

A) Fraudulent statement involves purposeful misreporting of financial information.

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