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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 6 Question 68 Discussion

The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.
D) Occupational frauds
A) Employee theft
B) Recorded sales
C) Internal audits

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 6 Question 68 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 68
Topic #: 6
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

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Suggested Answer: D

by Colette at Apr 01, 2023, 03:48 PM

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Raymon
10 months ago
Nah, it’s mostly about keeping track of sales.
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Johanna
10 months ago
Wait, can you really detect theft just like that?
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Iluminada
10 months ago
Sounds like a good way to catch internal audits too.
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Dewitt
11 months ago
I think it's more about recorded sales.
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Laurel
11 months ago
Definitely employee theft!
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Celeste
11 months ago
I feel like the answer might be employee theft, but I also recall something about occupational frauds being a possibility. It's tricky!
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Josephine
11 months ago
I practiced a similar question, and I think it was about internal audits. But now I'm second-guessing if it could also relate to fraud.
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Gracia
11 months ago
I remember something about comparing cash and register tape, but I'm not sure if it's specifically for recorded sales or something else.
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Malcom
11 months ago
I think this question is about detecting discrepancies, maybe related to employee theft? That seems to fit.
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Raylene
11 months ago
Wait, what's the Document Inspector? I'm a little confused about how to approach this. I better re-read the question and the explanation.
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Christa
11 months ago
The virtual network interface creation and IPMP group interface replacement seem like more specific events, so I'll make sure to include those in my answer as well.
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Kayleigh
11 months ago
Hmm, I'm not too sure about this one. I know Jenkins is a popular CI/CD tool, but I'm not sure if it has specific security vulnerability scanning capabilities. I'll have to think this through a bit more.
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Rhea
1 year ago
Hmm, I'm feeling a bit cash-strapped trying to figure this one out. Maybe I need to do some forensic accounting to crack the case!
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Valentin
1 year ago
D) Occupational frauds
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Ezekiel
1 year ago
C) Internal audits
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Flo
1 year ago
B) Recorded sales
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Billye
1 year ago
A) Employee theft
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Paulina
1 year ago
I'm going with C) Internal audits. This comparison is a common practice in internal audits to ensure the business's financial records are accurate.
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Kendra
1 year ago
C) Internal audits
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Brinda
1 year ago
B) Recorded sales
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Adelle
1 year ago
A) Employee theft
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Julian
1 year ago
I disagree, I believe the correct answer is D) Occupational frauds. Comparing the cash and register tape can help uncover any fraudulent activities by employees.
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Jina
1 year ago
Recorded sales may not necessarily be the main reason for comparing cash and register tape.
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Wilburn
1 year ago
Internal audits could also help in detecting discrepancies between cash and register tape.
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Ma
1 year ago
I agree with you, it could also be D) Occupational frauds. Fraudulent activities can be detected by comparing cash and register tape.
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Cheryl
1 year ago
I think it's A) Employee theft. Employees could be stealing cash from the register.
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Shawnda
1 year ago
D) Occupational frauds
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Ulysses
1 year ago
Yes, comparing cash and register tape is important for detecting fraud.
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Aliza
1 year ago
B) Recorded sales
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Rosalia
1 year ago
I think it could also help detect occupational frauds.
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Torie
1 year ago
A) Employee theft
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Desiree
1 year ago
B) Recorded sales seems like the logical answer here. By comparing the cash to the register tape, you can ensure all sales have been properly recorded.
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Polly
1 year ago
C) Internal audits
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Chauncey
1 year ago
B) Recorded sales
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Fletcher
1 year ago
A) Employee theft
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Yolande
1 year ago
I think A) Employee theft is the correct answer. Comparing the cash on hand to the register tape can help identify any missing cash, which could indicate employee theft.
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Rochell
1 year ago
I'm not sure, but I think it could also be D) Occupational frauds, as it could help uncover fraudulent activities by employees.
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Carla
1 year ago
I agree with Kanisha, because comparing cash on hand with register tape can help detect if an employee is stealing.
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Kanisha
1 year ago
I think the answer is A) Employee theft.
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