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]

Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

AProper documentation, segregation of duties, independent checks and physical safeguards

BProper documentation, segregation of duties, independent checks and inventory control

CProper documentation, physical padding, independent checks and physical safeguards

Dprenumbered affiliations, segregation of duties, independent checks and physical safeguards

Show Suggested Answer

Suggested Answer: A

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

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12 hours ago

I'm not sure, but I think B) Proper documentation, segregation of duties, independent checks and inventory control could also be a good option.

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2 days ago

I agree with Annmarie, those measures can definitely help prevent inventory fraud.

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4 days ago

I think the answer is A) Proper documentation, segregation of duties, independent checks and physical safeguards.

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