ACFE Exam CFE Topic 4 Question 72 Discussion

Actual exam question for ACFE's CFE exam

Question #: 72
Topic #: 4

[All CFE Questions]

Skimming is:

AThe removal of cash from a victim entity prior to its entry in an accounting system.

BThe addition of cash from a victim entity prior to its entry in an accounting system.

CThe removal of cash from a victim entity after its entry in an accounting system.

DNone of above

Show Suggested Answer

Suggested Answer: C

by Galen at Jan 24, 2025, 10:40 AM

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Daniela

1 months ago

Skimming, shmimming - I prefer to keep my hands clean and my ledgers balanced. Option D all the way!

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Abel

1 months ago

D) None of the above? More like 'None of the above board' when it comes to these shady practices.

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Antonio

7 days ago

D) None of the above? More like 'None of the above board' when it comes to these shady practices.

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Remona

14 days ago

C) The removal of cash from a victim entity after its entry in an accounting system.

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Herminia

1 months ago

A) The removal of cash from a victim entity prior to its entry in an accounting system.

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Dalene

2 months ago

I think the answer is A, because skimming involves stealing cash before it's accounted for.

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Bernadine

2 months ago

Ah, the classic 'cash disappearance act' - a magician's dream, but definitely not an accountant's.

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Paola

29 days ago

C) The removal of cash from a victim entity after its entry in an accounting system.

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Cecilia

1 months ago

A) The removal of cash from a victim entity prior to its entry in an accounting system.

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Alayna

1 months ago

D) None of above

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Shanda

2 months ago

C) The removal of cash from a victim entity after its entry in an accounting system.

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Zoila

2 months ago

A) The removal of cash from a victim entity prior to its entry in an accounting system.

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Becky

2 months ago

Skimming? More like 'skim milk' - the less you take, the better for your waistline and your conscience!

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Deandrea

2 months ago

I agree with Jarod, skimming is about taking cash before it's recorded.

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Jarod

2 months ago

Skimming is the removal of cash from a victim entity prior to its entry in an accounting system.

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