ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 5 Question 105 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 105
Topic #: 5

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

The principal way to detect omitted credits from books of account is through:

AForced Balance

BTrend analysis

CExpense account

DNone of all

Show Suggested Answer

Suggested Answer: D

by Dallas at Jan 13, 2025, 12:45 PM

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Carisa

9 months ago

Wait, none of these? That seems surprising!

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Ashton

9 months ago

Really? I thought expense accounts could also help.

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Minna

10 months ago

A is the most common method for sure!

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Frank

10 months ago

I disagree, I’d go with B, Trend analysis.

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Coletta

10 months ago

I think it's definitely A, Forced Balance.

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Yoko

10 months ago

None of all seems too vague, but I can't quite remember why we ruled it out in our study group.

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Misty

11 months ago

I'm leaning towards expense account, but I can't recall the specifics. It feels like it could be related somehow.

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Amber

11 months ago

I remember practicing a question similar to this, and I think forced balance was mentioned as a method for detecting omissions.

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Lorean

11 months ago

I think it might be trend analysis, but I'm not entirely sure. We discussed it in class, and it seems relevant.

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Shanice

11 months ago

I'm feeling confident about this one. Forced balance is the principal way to detect omitted credits, so that's the answer I'll go with.

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Marion

11 months ago

I'm a bit confused by the wording of this question. Let me re-read it and see if I can figure out the right strategy to tackle it.

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Anabel

11 months ago

Okay, I've got this. Trend analysis is the way to go - it's the best method for identifying missing credits in the books.

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Lynelle

11 months ago

Hmm, I'm not entirely sure about this one. I'll have to review my notes on detecting omitted credits to see if I can narrow down the options.

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Shoshana

11 months ago

This seems like a tricky question. I'll need to think through the different options carefully to determine the best approach.

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Caprice

1 year ago

Wait, is 'none of all' even a valid answer choice? I'm starting to question the validity of this exam.

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Nikita

1 year ago

Trend analysis seems like the most logical approach here. I'm surprised the other options are even on the list.

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Dortha

1 year ago

Expense account? Hah, that's a good one. Maybe I should just start making up my own answer choices.

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Rosio

1 year ago

None of all seems like the safest option.

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Andra

1 year ago

Expense account can be misleading sometimes.

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Beata

1 year ago

Trend analysis is also a good method.

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Tennie

1 year ago

Forced Balance is the way to go.

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Bernadine

1 year ago

A forced balance? Really? I don't think that's a reliable method at all. I'm going with D - none of the above.

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Jovita

1 year ago

I agree, none of the above options may be the best choice in this situation.

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Agustin

1 year ago

Trend analysis can also be helpful in identifying any discrepancies in the books of account.

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Shad

1 year ago

Forced balance is actually a common method used to detect omitted credits.

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Milly

1 year ago

I think option B is the way to go. Trend analysis can definitely help uncover any missing credits in the books.

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Kate

1 year ago

I think we should stick with trend analysis to ensure we catch any missing credits.

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Yoko

1 year ago

Expense account could be useful too, but trend analysis seems more reliable.

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Gabriele

1 year ago

Forced balance might also help in identifying any discrepancies in the books.

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Wai

1 year ago

I agree, trend analysis is a great tool for detecting omitted credits.

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Lavonna

1 year ago

But forced balance helps ensure all credits are accounted for.

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Malcolm

1 year ago

I disagree, I believe it's B) Trend analysis.

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Lavonna

1 year ago

I think the answer is A) Forced Balance.

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