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Exam CFE - Fraud Prevention All Questions

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Exam CFE - Fraud Prevention topic 1 question 47 discussion

Actual exam question from ACFE's CFE - Fraud Prevention
Question #: 47
Topic #: 1
[All CFE - Fraud Prevention Questions]

According to the 2020 Report to the Nations, __________ schemes are the most common form of occupational fraud, while _________ schemes are the costliest form of occupational fraud.

  • A. Asset misappropriation; corruption
  • B. Asset misappropriation; financial statement fraud
  • C. Corruption; asset misappropriation
  • D. Financial statement fraud; corruption
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Suggested Answer: C 🗳️

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_denw
22 hours, 30 minutes ago
Selected Answer: B
According to the 2020 Report to the Nations, asset misappropriation schemes are the most common form of occupational fraud, while financial statement fraud schemes, though less frequent, are the costliest
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