Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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 _______.

Show Suggested Answer Hide Answer
Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium CFE-Financial-Transactions-and-Fraud-Schemes Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Raymon
5 months ago
Nah, it’s mostly about keeping track of sales.
upvoted 0 times
...
Johanna
6 months ago
Wait, can you really detect theft just like that?
upvoted 0 times
...
Iluminada
6 months ago
Sounds like a good way to catch internal audits too.
upvoted 0 times
...
Dewitt
6 months ago
I think it's more about recorded sales.
upvoted 0 times
...
Laurel
6 months ago
Definitely employee theft!
upvoted 0 times
...
Celeste
6 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!
upvoted 0 times
...
Josephine
6 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.
upvoted 0 times
...
Gracia
6 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.
upvoted 0 times
...
Malcom
7 months ago
I think this question is about detecting discrepancies, maybe related to employee theft? That seems to fit.
upvoted 0 times
...
Raylene
7 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.
upvoted 0 times
...
Christa
7 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.
upvoted 0 times
...
Kayleigh
7 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.
upvoted 0 times
...
Rhea
12 months 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!
upvoted 0 times
Valentin
10 months ago
D) Occupational frauds
upvoted 0 times
...
Ezekiel
10 months ago
C) Internal audits
upvoted 0 times
...
Flo
10 months ago
B) Recorded sales
upvoted 0 times
...
Billye
11 months ago
A) Employee theft
upvoted 0 times
...
...
Paulina
12 months 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.
upvoted 0 times
Kendra
10 months ago
C) Internal audits
upvoted 0 times
...
Brinda
11 months ago
B) Recorded sales
upvoted 0 times
...
Adelle
11 months ago
A) Employee theft
upvoted 0 times
...
...
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.
upvoted 0 times
Jina
10 months ago
Recorded sales may not necessarily be the main reason for comparing cash and register tape.
upvoted 0 times
...
Wilburn
10 months ago
Internal audits could also help in detecting discrepancies between cash and register tape.
upvoted 0 times
...
Ma
10 months ago
I agree with you, it could also be D) Occupational frauds. Fraudulent activities can be detected by comparing cash and register tape.
upvoted 0 times
...
Cheryl
11 months ago
I think it's A) Employee theft. Employees could be stealing cash from the register.
upvoted 0 times
...
Shawnda
11 months ago
D) Occupational frauds
upvoted 0 times
...
Ulysses
11 months ago
Yes, comparing cash and register tape is important for detecting fraud.
upvoted 0 times
...
Aliza
12 months ago
B) Recorded sales
upvoted 0 times
...
Rosalia
12 months ago
I think it could also help detect occupational frauds.
upvoted 0 times
...
Torie
12 months ago
A) Employee theft
upvoted 0 times
...
...
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.
upvoted 0 times
Polly
11 months ago
C) Internal audits
upvoted 0 times
...
Chauncey
11 months ago
B) Recorded sales
upvoted 0 times
...
Fletcher
12 months ago
A) Employee theft
upvoted 0 times
...
...
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.
upvoted 0 times
...
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.
upvoted 0 times
...
Carla
1 year ago
I agree with Kanisha, because comparing cash on hand with register tape can help detect if an employee is stealing.
upvoted 0 times
...
Kanisha
1 year ago
I think the answer is A) Employee theft.
upvoted 0 times
...

Save Cancel