CFE – Financial Transactions and Fraud Schemes — Question 90

Jorge, a Certified Fraud Examiner (CFE), is investigating a tip involving an accountant at a bank who allegedly adjusted the bank's general ledger to cover up the theft of funds from a customer's account. If Jorge finds evidence that proves the allegation, which of the following BEST describes the scheme that the bank accountant committed?

Answer options

• A. False accounting entry
• B. Unauthorized disbursement of funds
• C. Moving money from inactive accounts
• D. Unauthorized withdrawal

Correct answer: B

Explanation

The correct answer, B, indicates that the bank accountant made unauthorized disbursements of funds, which aligns with the act of stealing money from a customer's account. The other options, while potentially related to accounting fraud, do not accurately capture the specific act of misappropriating funds as described in the scenario.