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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 122 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 122
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Fraud in financial statements generally takes the form of ____________ assets or revenue and ________ liabilities and expenses.

  • A. Overstated; understated
  • B. Understated; overstated
  • C. Overstated; overstated
  • D. Understated; understated
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Suggested Answer: B 🗳️
by vynyfulu at April 5, 2025, 12:22 p.m.

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_denw
1 week, 2 days ago
Selected Answer: A
Fraud in financial statements is typically done to make the company appear more profitable or financially stable than it really is.
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