ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 7 Question 50 Discussion

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

Question #: 50
Topic #: 7

Which of the following is true for Red flags associated with fictitious revenues?

ASlow growth or usual profitability, when not compared to other companies in the same industry.

BUsual growth in the number of days purchase in receivables

CA significant volume of sales to entries whose substance and ownership is not known.

DA usual surge in purchase by a majority of units within a company, or of purchase recorded by corporate headquarters.

Show Suggested Answer

Suggested Answer: C

by Yoko at May 05, 2022, 07:35 AM

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