ACFE Exam CFE Topic 5 Question 68 Discussion

Actual exam question for ACFE's CFE exam

Question #: 68
Topic #: 5

[All CFE Questions]

People commit financial statement fraud to:

AConceal false business performances

BPreserve personal status/control

CMaintain personal income

DStand outside the accounting system

Show Suggested Answer

Suggested Answer: B

by Ashton at Oct 20, 2024, 07:27 PM

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Leatha

1 months ago

If I had a dollar for every time someone tried to commit financial statement fraud, I'd be rich enough to not need to commit financial statement fraud.

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Yong

1 months ago

D? Really? Standing outside the accounting system? That's like a bank robber trying to stand outside the bank while robbing it.

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German

1 months ago

C is the way to go. Let's be real, it's all about maintaining that sweet, sweet personal income at the end of the day.

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Dorethea

11 days ago

I agree, money talks! It's all about keeping that cash flow coming in.

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Juan

22 days ago

C is definitely the best option. Who wouldn't want to maintain their personal income?

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Makeda

2 months ago

I think B is the correct answer. Preserving personal status and control seems like the real motivation behind such fraudulent activities.

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Stephen

21 days ago

Standing outside the accounting system may make it easier for individuals to manipulate financial statements for personal gain.

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Quentin

1 months ago

I think concealing false business performances is also a common reason for committing such fraud.

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Jarvis

1 months ago

I agree, maintaining personal status and control can be a strong motivator for committing financial statement fraud.

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Jesusita

2 months ago

A is the obvious choice here. Why else would someone commit financial statement fraud if not to conceal their poor business performance?

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Huey

13 days ago

B) Preserve personal status/control

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Rozella

18 days ago

I agree, it makes sense that someone would commit fraud to hide their poor business performance.

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Sharen

28 days ago

A) Conceal false business performances

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Xochitl

2 months ago

I think maintaining personal income could also be a reason for committing financial statement fraud.

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Kristofer

2 months ago

I agree with Annabelle, some individuals may do it to preserve personal status/control.

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Annabelle

3 months ago

People commit financial statement fraud to conceal false business performances.

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