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Exam CFE - Fraud Prevention topic 1 question 156 discussion

Actual exam question from ACFE's CFE - Fraud Prevention
Question #: 156
Topic #: 1
[All CFE - Fraud Prevention Questions]

According to Occupational Fraud 2022: A Report to the Nations, which of the following is TRUE regarding the three major categories of occupational fraud?

  • A. Corruption schemes are the costliest category of occupational fraud.
  • B. Financial statement fraud schemes are the most common category of occupational fraud.
  • C. Asset misappropriation schemes are the most common category of occupational fraud.
  • D. Identity theft is both the most common and costliest category of occupational fraud.
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Suggested Answer: C 🗳️

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