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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 43 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 43
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

All of the following measures would help prevent the theft of company inventory EXCEPT:

  • A. Having the purchasing supervisor perform the physical inventory count
  • B. Restricting inventory access to authorized personnel only
  • C. Having different people responsible for receiving inventory and shipping it
  • D. Using prenumbered inventory receiving reports
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Suggested Answer: D 🗳️
by GaryLee at Nov. 20, 2024, 5:26 p.m.

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5a97e10
4 days, 9 hours ago
Selected Answer: A
A for sure
upvoted 1 times
...
GaryLee
1 week, 6 days ago
B. Having the Purchasing Manager count inventory does not prevent theft.
upvoted 1 times
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A (35%)
C (25%)
B (20%)
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