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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 91 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 91
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following is NOT a red flag of fraudulent register disbursements?

  • A. There are gaps in the sequence of transactions on the register log.
  • B. Voided transactions are approved by a supervisor.
  • C. Personal checks from cashiers are found in the register.
  • D. There are multiple refunds or voids for amounts just under the review limit.
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Suggested Answer: C 🗳️
by vynyfulu at April 5, 2025, 12:19 p.m.

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_denw
1 week, 3 days ago
Selected Answer: B
When voided transactions are properly approved by a supervisor, it's a sign of good internal controls, not fraud. This practice reduces the risk of fraudulent activity, making it not a red flag.
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