AGA Exam CGFM Topic 2 Question 52 Discussion

Actual exam question for AGA's CGFM exam

Question #: 52
Topic #: 2

[All CGFM Questions]

Which of the following danger sign/s help to detect Auditors' fraud?

ABorrowing small amounts from fellow employees

BPronounced criticism of others, endearing to divert suspicion

CReplying to Questions with unreasonable explanations

DAll of these

Show Suggested Answer

Suggested Answer: D

by Jesusita at Jul 15, 2024, 11:16 PM

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Stefanie

4 months ago

Haha, 'unreasonable explanations' - that's my go-to tactic when I forget my lunch at home! Better watch out, auditors.

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Lavera

3 months ago

C) Replying to Questions with unreasonable explanations

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Idella

3 months ago

B) Pronounced criticism of others, endearing to divert suspicion

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Caitlin

3 months ago

A) Borrowing small amounts from fellow employees

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Shala

4 months ago

I dunno, I feel like option A could be legit. Maybe the employee's car broke down or something. We shouldn't jump to conclusions.

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Tamekia

3 months ago

It's important to consider all possibilities.

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Annice

3 months ago

C) Replying to Questions with unreasonable explanations

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Telma

3 months ago

D) All of these

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Maryann

3 months ago

That does sound suspicious.

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Barrett

3 months ago

B) Pronounced criticism of others, endearing to divert suspicion

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Heike

4 months ago

A) Borrowing small amounts from fellow employees

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Tamekia

4 months ago

B) Pronounced criticism of others, endearing to divert suspicion

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Emerson

4 months ago

I agree, it could be innocent.

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Erasmo

4 months ago

A) Borrowing small amounts from fellow employees

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Elli

4 months ago

I'm not sure about C), but A) and B) seem like clear signs of fraud to me.

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Glynda

4 months ago

I agree with Sharmaine, borrowing small amounts and unreasonable explanations are definitely red flags.

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Linsey

5 months ago

B and C seem like the most obvious red flags to me. Who would actually borrow money from coworkers? That's just asking for trouble.

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Junita

5 months ago

Option D for sure! All of those are classic signs of fraud. Auditors need to keep a sharp eye out for those sneaky behaviors.

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Patria

3 months ago

C) Replying to Questions with unreasonable explanations

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Benton

3 months ago

B) Pronounced criticism of others, endearing to divert suspicion

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Louvenia

3 months ago

A) Borrowing small amounts from fellow employees

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Julio

3 months ago

Absolutely, giving unreasonable explanations is a big indicator of potential fraud. It's important for auditors to be vigilant.

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Fernanda

3 months ago

Agreed, borrowing small amounts and deflecting criticism are definitely red flags.

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Justine

4 months ago

Option D for sure! All of those are classic signs of fraud. Auditors need to keep a sharp eye out for those sneaky behaviors.

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Sharmaine

5 months ago

I think it's D) All of these.

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