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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 205 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 205
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following is the MOST APPROPRIATE technique for detecting a cost mischarging scheme?

  • A. Comparing the direct and indirect labor account totals from the prior year to the current year
  • B. Reviewing the inspection and testing reports of questioned goods or materials
  • C. Examining any change orders submitted by a contractor that add new items
  • D. Inspecting questioned goods or materials by examining packaging, appearance, and description
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Suggested Answer: A 🗳️
by _denw at June 9, 2025, 8:19 p.m.

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_denw
1 week ago
Selected Answer: A
Cost mischarging means charging expenses to the wrong place (like putting indirect costs on a direct contract). Looking at how labor is reported this year vs. last year helps spot: Unusual changes Signs that someone may be mislabeling costs on purpose
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