The ACFE Does NOT Include Which of the Following Major

question 15

Multiple Choice

The ACFE does NOT include which of the following major categories of occupational fraud?

• A) Asset misappropriations
• B) Corruption
• C) Fraudulent statements
• D) Pension fraud

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Definitions:

Replacement Cost

The amount of money required to replace an asset at the current market value.

Tobin's Q

A ratio comparing the market value of a company's assets to their replacement cost, used to evaluate whether a company is over or undervalued.

Earnings Management

The practice of using accounting techniques to produce financial reports that may mislead stakeholders about a company's financial condition.

Pro Forma Earnings

Pro forma earnings refer to a company's earnings that exclude certain costs or expenses, typically non-recurring items, to provide a clearer picture of its financial performance.