ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 2 Question 98 Discussion

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

Question #: 98
Topic #: 2

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

__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

AConflict of interest

BTurnaround sale or flip

CDisclosure

DResource diversion

Show Suggested Answer

Suggested Answer: C

by Celestine at Sep 16, 2024, 03:07 PM

Limited Time Offer

25%

Off

Get Premium CFE-Financial-Transactions-and-Fraud-Schemes Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Amber

26 days ago

I'll have to go with C) Disclosure. Though I hear some people prefer the old 'plausible deniability' approach. Not the best career move, though.

upvoted 0 times

Joseph

5 days ago

Yeah, it's important to be transparent in those circumstances.

upvoted 0 times

...

Bev

10 days ago

I agree, C) Disclosure is definitely necessary in those situations.

upvoted 0 times

...

Almeta

1 months ago

Conflict of interest? More like 'conflict of conscience' when you're in the hot seat! C) Disclosure is the way to go.

upvoted 0 times

...

Denise

1 months ago

Disclosure, definitely. Transparency is key when your dirty laundry gets aired in public. Might as well get it all out there.

upvoted 0 times

Kristofer

5 days ago

B) Turnaround sale or flip

upvoted 0 times

...

Felicia

13 days ago

C) Disclosure

upvoted 0 times

...

Louis

14 days ago

A) Conflict of interest

upvoted 0 times

...

Reita

1 months ago

Hmm, I'm going with B) Turnaround sale or flip. Gotta get those assets off the books quickly, am I right?

upvoted 0 times

...

Danica

1 months ago

D) Resource diversion sounds like the right choice here. Can't have those trusted individuals misusing company resources for their own benefit!

upvoted 0 times

Malcom

6 days ago

D) Resource diversion sounds like the right choice here. Can't have those trusted individuals misusing company resources for their own benefit!

upvoted 0 times

...

Pamella

9 days ago

C) Disclosure

upvoted 0 times

...

Elina

18 days ago

A) Conflict of interest

upvoted 0 times

...

Pauline

1 months ago

I think it's important to be transparent in these situations to maintain trust.

upvoted 0 times

...

Arminda

1 months ago

I agree with Buck, disclosure is important in such cases.

upvoted 0 times

...

Buck

1 months ago

C) Disclosure is required.

upvoted 0 times

...

Reynalda

2 months ago

I think the correct answer is C) Disclosure. Executives and officers need to disclose any potential conflicts of interest when facing criminal indictment.

upvoted 0 times

Beth

29 days ago

Exactly, it's a necessary step in such cases.

upvoted 0 times

...

Nakisha

1 months ago

It helps to maintain trust and integrity in the organization.

upvoted 0 times

...

Glynda

1 months ago

Yes, that way there is transparency in the situation.

upvoted 0 times

...

Pete

1 months ago

I agree, it is important for them to disclose any potential conflicts of interest.

upvoted 0 times

...