ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 10 Question 93 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 93
Topic #: 10

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

What is sometimes used to overcome well-designed internal controls of a victim company?

AShell company

BFraudulent invoices

CCollusion

DRubber stamp supervisors

Show Suggested Answer

Suggested Answer: C

by Julio at Jul 13, 2024, 03:07 PM

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Theresia

3 months ago

A) Shell company? Really? That's so 90s. Collusion is where it's at these days, my friend.

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Cecil

3 months ago

D) Rubber stamp supervisors - Ah, the old 'nod and sign' technique. A true classic in the world of corporate espionage.

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Mertie

2 months ago

C) Collusion - Working together with someone on the inside can definitely help bypass controls.

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Ernie

3 months ago

A) Shell company - Yeah, creating a fake company to funnel money through is a common tactic.

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Lura

3 months ago

B) Fraudulent invoices? Pfft, that's child's play. I prefer the classic 'rubber stamp supervisors' approach. Much more dramatic!

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Leota

3 months ago

D) Rubber stamp supervisors

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Brent

3 months ago

C) Collusion

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Wilson

3 months ago

A) Shell company

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Rosita

3 months ago

Yes, fraudulent invoices can create loopholes in controls.

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Leonie

4 months ago

I believe fraudulent invoices can also be used.

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Johnetta

4 months ago

I agree, collusion can help overcome internal controls.

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Maybelle

4 months ago

C) Collusion - That's the one! Gotta get those pesky internal controls out of the way somehow.

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Fidelia

3 months ago

C) Collusion

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Rocco

4 months ago

B) Fraudulent invoices

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Alberta

4 months ago

A) Shell company

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Jose

4 months ago

I think collusion is sometimes used.

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