ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 7 Question 95 Discussion

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

Question #: 95
Topic #: 7

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

A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

AConflict of interest

BIllegal sale

CUnauthorized purchase

DFinancial disclosure

Show Suggested Answer

Suggested Answer: A

by Azalee at Aug 25, 2024, 05:31 AM

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Milly

5 months ago

Conflict of interest all the way. I bet the correct answer involves someone getting caught with their hand in the cookie jar.

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Filiberto

3 months ago

That's right, it's a conflict of interest.

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Chauncey

3 months ago

A) Conflict of interest

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Shelba

3 months ago

No, it's not an illegal sale.

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Vivienne

3 months ago

B) Illegal sale

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Zita

4 months ago

Definitely, it's a conflict of interest.

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Alex

4 months ago

A) Conflict of interest

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Lashawna

5 months ago

Financial disclosure? Yeah, right. That's like asking the fox to guard the henhouse.

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Tonette

4 months ago

C) Unauthorized purchase

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Ernie

4 months ago

B) Illegal sale

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Lashunda

4 months ago

A) Conflict of interest

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Louvenia

5 months ago

D) Financial disclosure could also be important to prevent conflicts of interest.

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Merilyn

5 months ago

I think A is the correct answer. Gotta watch out for those pesky executives trying to line their pockets.

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Agustin

4 months ago

Absolutely, transparency is key to maintaining trust and integrity.

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Brett

4 months ago

It's important for organizations to have policies in place to prevent conflicts of interest.

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Marti

5 months ago

Yes, you're right. Conflict of interest can be a serious issue.

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Rolf

5 months ago

I think A is the correct answer.

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Alfreda

5 months ago

I agree with Domingo, a conflict of interest can harm the organization's integrity.

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Domingo

6 months ago

I think it's A) Conflict of interest because it involves a hidden personal interest.

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Jaime

6 months ago

Conflict of interest seems like the obvious choice here. Who doesn't love a good corporate scandal?

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Yan

5 months ago

B) Illegal sale

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Chauncey

5 months ago

I agree, conflicts of interest can lead to serious consequences for a company.

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Benton

5 months ago

A) Conflict of interest

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Salome

6 months ago

A) Conflict of interest

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