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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 50 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 50
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following is NOT a justifiable reason to depart from generally accepted accounting principles (GAAP)?

  • A. Departing from GAAP will make the company appear more profitable.
  • B. Adherence to GAAP would produce misleading results.
  • C. It is a common industry practice to give particular transactions a specific accounting treatment.
  • D. The transaction at issue is considered to be immaterial.
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Suggested Answer: C 🗳️
by 5a97e10 at Nov. 29, 2024, 11:15 p.m.

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5a97e10
4 days, 9 hours ago
Selected Answer: A
A for sure
upvoted 1 times
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