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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 46 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 46
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Blue borrowed her employer’s snowplow for her own snow removal business, which she operates on the side. Blue only used the snowplow on the weekends or after hours, when her employer was not open for business. Blue falsified the mileage and usage logs for the snowplow so that no one would know she had been using it. The snowplow was returned unharmed. Which of the following statements is MOST ACCURATE?

  • A. Blue committed larceny of a noncash asset.
  • B. Blue committed misuse of a noncash asset.
  • C. Blue committed a fictitious sales scheme.
  • D. Blue did not commit occupational fraud.
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Suggested Answer: B 🗳️
by AML_1234 at Dec. 16, 2024, 2:03 p.m.

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AML_1234
3 weeks, 4 days ago
Selected Answer: B
B. Blue committed misuse of a noncash asset.
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