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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes 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:

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Suggested Answer: D

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

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Caprice
1 months 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 months 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 months ago
Expense account? Hah, that's a good one. Maybe I should just start making up my own answer choices.
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Bernadine
2 months 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
19 days ago
I agree, none of the above options may be the best choice in this situation.
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Agustin
24 days ago
Trend analysis can also be helpful in identifying any discrepancies in the books of account.
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Shad
1 months ago
Forced balance is actually a common method used to detect omitted credits.
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Milly
2 months 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
11 days ago
I think we should stick with trend analysis to ensure we catch any missing credits.
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Yoko
1 months ago
Expense account could be useful too, but trend analysis seems more reliable.
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Gabriele
1 months ago
Forced balance might also help in identifying any discrepancies in the books.
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Wai
2 months ago
I agree, trend analysis is a great tool for detecting omitted credits.
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Lavonna
2 months ago
But forced balance helps ensure all credits are accounted for.
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Malcolm
2 months ago
I disagree, I believe it's B) Trend analysis.
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Lavonna
2 months ago
I think the answer is A) Forced Balance.
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