ACFE Exam CFE Topic 5 Question 50 Discussion

Actual exam question for ACFE's CFE exam

Question #: 50
Topic #: 5

[All CFE Questions]

Which of the following is NOT the type of billing scheme?

AInvoicing via shell companies

BInvoicing via non-accomplice companies

CInvoicing via accomplice companies

DPersonal purchases with company funds

Show Suggested Answer

Suggested Answer: C

by Gail at Apr 14, 2024, 03:56 AM

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Emilio

5 months ago

So it seems like most of us agree that D) Personal purchases with company funds is the correct answer for this question.

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Alline

6 months ago

I see what you mean, David. The other options involve invoicing schemes, while personal purchases with company funds is a different type of fraud.

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Cordelia

6 months ago

I believe the correct answer is actually B) Invoicing via non-accomplice companies, because the question asks for the NOT type of billing scheme.

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Alita

6 months ago

I'm not sure, I think it could also be B) Invoicing via non-accomplice companies.

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Arlette

6 months ago

I agree with personal purchases with company funds is not a type of billing scheme.

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James

6 months ago

I think the answer is D) Personal purchases with company funds.

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Ryan

7 months ago

True, invoicing via shell companies is a common form of illegal billing schemes too.

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Odelia

7 months ago

But what about A, invoicing via shell companies? That also seems suspicious.

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Willard

7 months ago

I agree, personal purchases with company funds seem different from the other options.

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Francis

7 months ago

I think D is not the type of billing scheme.

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Vilma

8 months ago

You know, I heard that the exam committee is actually a front for a secret money laundering operation. So maybe they're trying to see who's in the know.

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Artie

8 months ago

Wait, are we supposed to be finding the right answer or the wrong answer? I'm so confused. Maybe I should just start my own shell company and invoice the exam company.

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Queenie

7 months ago

Right, the correct answer is D.

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Lottie

7 months ago

So, it must be personal purchases with company funds.

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Candida

7 months ago

We need to find the type of billing scheme that is NOT correct.

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Tricia

8 months ago

I'm pretty sure the correct answer is A - invoicing via shell companies. That's like the holy grail of shady billing practices. The other options are just amateurs trying to keep up.

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Okay, let's think this through. Invoicing via non-accomplice companies sounds legit, but invoicing via accomplice companies? That's got to be the answer, right? I mean, who needs accomplices when you can just do it all yourself?

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Mirta

8 months ago

Hmm, I'm not sure about this one. Isn't personal purchases with company funds just called 'Tuesday' for some people?

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Gregoria

8 months ago

This is a tricky question. I mean, who doesn't love a good ol' shell company for their invoicing needs? It's like the corporate version of a secret spy lair.

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ACFE Exam CFE Topic 5 Question 50 Discussion

Contribute your Thoughts:

Emilio

Alline

Cordelia

Alita

Arlette

James

Ryan

Odelia

Willard

Francis

Vilma

Artie

Queenie

Lottie

Candida

Tricia

Misty

Mirta

Gregoria