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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 57 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 57
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following statements about skimming is INCORRECT?

  • A. Skimming schemes can involve the theft of either cash sales or accounts receivable payments.
  • B. Skimming schemes are generally more difficult to detect than cash larceny schemes.
  • C. Skimming schemes involve stolen customer payments that have not yet been recorded.
  • D. Skimming schemes are considered on-book frauds because they leave an audit trail.
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Suggested Answer: D 🗳️
by AML_1234 at Dec. 16, 2024, 3:16 p.m.

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AML_1234
1 month ago
Selected Answer: D
skimming is off-book frauds
upvoted 1 times
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