ACFE Exam CFE Topic 4 Question 66 Discussion

Actual exam question for ACFE's CFE exam

Question #: 66
Topic #: 4

A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

AConflict of interest in sale

BTurnaround sale or flip

CUnauthorized sale

DWritten sale of unique assets

Show Suggested Answer

Suggested Answer: B

by Jennifer at Sep 18, 2024, 07:25 PM

Limited Time Offer

25%

Off

Get Premium CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Vinnie

2 months ago

I disagree, I believe it's B) Turnaround sale or flip because employees are taking advantage of inside information.

upvoted 0 times

...

Lucia

2 months ago

That makes sense, employees using their position for personal gain is definitely a conflict of interest.

upvoted 0 times

...

Lucia

3 months ago

I think the answer is A) Conflict of interest in sale.

upvoted 0 times

...

Cecil

3 months ago

Option A is the way to go here. That's some seriously unethical behavior on the employees' part.

upvoted 0 times

...

Wynell

3 months ago

Definitely A. Employees using their position to personally profit is a big no-no. What a shady move!

upvoted 0 times

Trinidad

1 months ago

A) Conflict of interest in sale

upvoted 0 times

...

Cassie

1 months ago

It's like they're trying to make a quick profit by taking advantage of inside information.

upvoted 0 times

...

Mari

2 months ago

B) Turnaround sale or flip

upvoted 0 times

...

Leonardo

2 months ago

I agree, that's definitely a conflict of interest.

upvoted 0 times

...

Melinda

2 months ago

A) Conflict of interest in sale

upvoted 0 times

...

Clorinda

3 months ago

I think the correct answer is A. Conflict of interest in sale. Employees shouldn't be taking advantage of insider information like that!

upvoted 0 times

Lenna

2 months ago

Yes, employees should always act ethically in these situations.

upvoted 0 times

...

Leota

2 months ago

I agree, it's definitely a conflict of interest.

upvoted 0 times

...