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:

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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2 days 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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8 days ago

But forced balance helps ensure all credits are accounted for.

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10 days ago

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

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12 days ago

I think the answer is A) Forced Balance.

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