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SOFE Exam SOFA-CFE Topic 1 Question 103 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 103
Topic #: 1

[All SOFA-CFE Questions]

The major difference between fraud and billing schemes is that payroll and expense frauds involve disbursements to external parties rather than to employees.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Judy at Nov 16, 2024, 12:41 PM

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Lottie

3 months ago

Fraud? Billing schemes? What is this, an accounting exam? Wake me up when it's time to learn about creative cooking recipes!

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Gregg

3 months ago

Ugh, I hate these trick questions. But I'm gonna go with my gut and say False. Seems like the major difference is the target, not the fact that it's a disbursement.

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Stefan

3 months ago

Haha, nice try, but I'm not falling for that. Payroll and expense frauds are all about ripping off the company from the inside. False all the way!

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Ronnie

1 months ago

False, no doubt about it.

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Alishia

2 months ago

Yeah, payroll and expense frauds are definitely internal schemes.

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Kaitlyn

2 months ago

I agree, it's definitely false.

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Shelba

2 months ago

False

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Jacqueline

3 months ago

Hmm, this one's tricky. I think the key distinction is whether the funds are going to insiders or outsiders. Gotta go with True on this one.

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Kerry

3 months ago

Yeah, I think you're right. It's definitely True.

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Coletta

3 months ago

I agree, payroll and expense frauds involve disbursements to external parties, so it must be True.

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Barney

3 months ago

I'm pretty sure the answer is False. Payroll and expense frauds definitely involve disbursements to employees, not external parties.

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Leonor

3 months ago

B) False

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Tonette

3 months ago

I agree, payroll and expense frauds involve disbursements to employees.

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Luis

3 months ago

B) False

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Alecia

3 months ago

A) True

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Cortney

4 months ago

But payroll and expense frauds do involve disbursements to external parties, not just employees.

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Elke

4 months ago

I disagree, I believe it's false.

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Cortney

4 months ago

I think the statement is true.

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