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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 18 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 18
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Financial statement fraud can BEST be described as:

  • A. The misstatement or omission of financial information for the purpose of personal gain
  • B. The intentional or accidental misstatement of amounts in the financial statements
  • C. The intentional understatement of assets or overstatement of liabilities on the balance sheet
  • D. The deliberate misrepresentation of a company’s financial condition
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Suggested Answer: C 🗳️
by AML_1234 at Dec. 11, 2024, 7:53 p.m.

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AML_1234
1 day ago
Selected Answer: D
The deliberate misrepresentation of a company’s financial condition.
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