ACFE Exam CFE Topic 4 Question 39 Discussion

Actual exam question for ACFE's CFE exam

Question #: 39
Topic #: 4

[All CFE Questions]

By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

AFraudulent statement

BMisappropriations

CConservatism

DMatching

Show Suggested Answer

Suggested Answer: A

by Nobuko at Aug 05, 2023, 11:15 PM

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Adell

1 months ago

C. Conservatism all the way! Gotta keep those accountants on a tight leash, you know? No room for 'creative accounting' here!

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Sabine

1 months ago

Misappropriations? That's just stealing, plain and simple. I'm sticking with C. Conservatism. Better safe than sorry, right?

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Rolf

6 days ago

C) Conservatism

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Denise

9 days ago

B) Misappropriations

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Sheron

13 days ago

A) Fraudulent statement

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Maryann

2 months ago

Matching seems like the most logical choice here. You know, the whole 'matching' expenses with revenues thing. But C. Conservatism sounds good too.

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Elise

14 days ago

D) Matching

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Rasheeda

1 months ago

C) Conservatism

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Sherly

1 months ago

B) Misappropriations

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Erasmo

1 months ago

A) Fraudulent statement

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Ernie

2 months ago

Haha, 'Fraudulent statement'? Really? That's just asking to get arrested! I'm going with C. Conservatism.

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Hildred

26 days ago

Yeah, I don't want to mess with anything fraudulent. C. Conservatism seems like the safe choice.

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Taryn

28 days ago

I agree, 'Fraudulent statement' sounds risky. I'll go with C. Conservatism.

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Matthew

2 months ago

I think the answer is C. Conservatism. It's all about playing it safe and not overstating the financial figures.

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Cordelia

17 days ago

Exactly, being conservative helps to ensure the financial statements are reliable.

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Chanel

18 days ago

That's right, it's important to be conservative to avoid misleading investors.

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Louis

20 days ago

Yes, conservatism is all about understating rather than overstating.

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Lazaro

25 days ago

I agree, it's definitely about being cautious with the financial figures.

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Mila

1 months ago

D) Matching

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Detra

2 months ago

C) Conservatism

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Ivette

2 months ago

B) Misappropriations

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Carissa

2 months ago

A) Fraudulent statement

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Shawna

2 months ago

I'm not sure, but I think D) Matching could also be a valid answer.

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Vilma

3 months ago

I agree with Melvin, conservatism is about being cautious with financial figures.

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Melvin

3 months ago

I think the answer is C) Conservatism.

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