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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 3 Question 130 Discussion

Statistical sampling enables the examiner to predict the occurrence rate for the population and therefore determine with some accuracy the error rate, or the potential for fraud.
A) True
B) False

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 3 Question 130 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 130
Topic #: 3
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Statistical sampling enables the examiner to predict the occurrence rate for the population and therefore determine with some accuracy the error rate, or the potential for fraud.

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Suggested Answer: A

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Queen
2 days ago
Agreed, true makes sense. Less effort, more insight.
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Desmond
7 days ago
I think it's true. Sampling gives a good estimate.
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Douglass
12 days ago
Wait, can it really predict fraud accurately?
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Oneida
18 days ago
I agree, statistical sampling is super useful!
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Odelia
23 days ago
It helps estimate error rates, so yeah, true!
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Ezekiel
28 days ago
Not so sure about that, can be misleading.
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Julie
1 month ago
Totally true, sampling is key for predictions!
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Karon
1 month ago
I’m a bit lost on this one. I feel like it could be A) True, but I’m not confident.
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Rocco
1 month ago
This sounds familiar; I practiced a question about sampling and fraud detection. I think the answer is A) True.
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Jolene
2 months ago
I'm not entirely sure, but I remember something about sampling being used to detect fraud. Maybe A) True?
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Celeste
2 months ago
I think statistical sampling helps in estimating error rates, so I would lean towards A) True.
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