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Exam CFE - Financial Transactions and Fraud Schemes All Questions

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Exam CFE - Financial Transactions and Fraud Schemes topic 1 question 1 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 1
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following is a red flag that might indicate the existence of a need recognition scheme?

  • A. The purchasing entity’s materials are being ordered at the optimal reorder point.
  • B. The purchasing entity has a large list of backup suppliers.
  • C. The purchasing entity has unusually high requirements for stock and inventory levels.
  • D. The purchasing entity has few surplus items written off as scrap.
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Suggested Answer: C 🗳️
by AML_1234 at Dec. 11, 2024, 6:44 p.m.

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grovve123
4 months ago
Selected Answer: C
Option C: Unusually high stock and inventory requirements might indicate that someone is manipulating needs to order excessive items, which is a red flag for a need recognition scheme.
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