ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 3 Question 91 Discussion

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

Question #: 91
Topic #: 3

[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 Veronika at Jul 04, 2024, 04:36 AM

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Essie

7 months ago

I think shell companies are another method to bypass internal controls.

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Jolene

8 months ago

I'm just imagining a bunch of supervisors with giant rubber stamps, stomping all over the place. 'Approved! Approved! Approved!'

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Whitley

8 months ago

I believe fraudulent invoices can also be used to overcome internal controls.

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Son

8 months ago

Ah, the old shell company trick. Works every time, like a well-oiled machine. Or should I say, a well-greased shell?

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Lai

7 months ago

D) Rubber stamp supervisors

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Susana

7 months ago

C) Collusion

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Fletcher

7 months ago

B) Fraudulent invoices

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Mee

7 months ago

A) Shell company

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Margurite

8 months ago

I agree with Pansy, collusion can be a way to bypass controls.

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Latonia

8 months ago

Fraudulent invoices, classic move. Gotta get creative to bypass those internal controls, am I right?

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Ty

7 months ago

C) Collusion

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Reuben

7 months ago

B) Fraudulent invoices

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Gracia

7 months ago

A) Shell company

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Pansy

8 months ago

I think collusion is sometimes used to overcome internal controls.

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Wynell

8 months ago

Ooh, rubber stamp supervisors, that's a clever one. Bet they don't see that coming.

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Arthur

8 months ago

Collusion seems like the obvious choice here. Gotta work together to get around those pesky controls!

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Josephine

7 months ago

Yeah, working together with others can make it easier to manipulate the system.

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Francesco

8 months ago

Collusion is definitely a common tactic used to bypass internal controls.

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