ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 7 Question 101 Discussion

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

Question #: 101
Topic #: 7

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

A scheme is classified as a Conflict of interest:

Awhen an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.

Bwhen a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.

Cwhen a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.

Dwhen a dealer must have some kind of dealership interest in the vendor submitting the stock.

Show Suggested Answer

Suggested Answer: A

by Alpha at Sep 13, 2024, 07:54 PM

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Vilma

1 months ago

The only 'conflict' I'm experiencing is the one between my brain and this question. Maybe I should just 'purchase' the answer off the internet instead.

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Kathryn

1 months ago

Wait, are we talking about a conflict of interest or a conflict of interest rates? I'm so confused, I might just have to 'conflict' out of this exam altogether.

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Carmela

1 months ago

This question is as clear as mud. I'm going to have to go with my gut and say C. Anything involving a purchaser and a vendor is bound to be a conflict, right?

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Malcom

2 days ago

A) when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.

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2 months ago

I think option C is the correct answer. A purchaser having an ownership or employment interest in the vendor they're purchasing from would definitely be a conflict of interest.

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