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

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Amber

6 months 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.

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Gladis

5 months ago

It's better to just disclose and be upfront about it.

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Quentin

5 months ago

Some people may try to use 'plausible deniability', but it's risky.

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Joseph

5 months ago

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

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Bev

5 months ago

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

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Almeta

6 months ago

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

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Denise

6 months ago

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

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Kristofer

5 months ago

B) Turnaround sale or flip

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Felicia

5 months ago

C) Disclosure

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Louis

5 months ago

A) Conflict of interest

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Reita

6 months ago

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

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Danica

6 months ago

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

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Malcom

5 months ago

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

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Pamella

5 months ago

C) Disclosure

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Elina

5 months ago

A) Conflict of interest

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Pauline

6 months ago

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

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Arminda

6 months ago

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

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Buck

6 months ago

C) Disclosure is required.

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Reynalda

7 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.

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Beth

6 months ago

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

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Nakisha

6 months ago

It helps to maintain trust and integrity in the organization.

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Glynda

6 months ago

Yes, that way there is transparency in the situation.

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Pete

6 months ago

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

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