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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
4 months ago
Nah, it’s mostly about keeping track of sales.
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Johanna
4 months ago
Wait, can you really detect theft just like that?
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Iluminada
4 months ago
Sounds like a good way to catch internal audits too.
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Dewitt
5 months ago
I think it's more about recorded sales.
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Laurel
5 months ago
Definitely employee theft!
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Celeste
5 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
5 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
5 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
5 months ago
I think this question is about detecting discrepancies, maybe related to employee theft? That seems to fit.
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Raylene
5 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
5 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
5 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
10 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!
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Valentin
9 months ago
D) Occupational frauds
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Ezekiel
9 months ago
C) Internal audits
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Flo
9 months ago
B) Recorded sales
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Billye
10 months ago
A) Employee theft
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Paulina
10 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.
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Kendra
9 months ago
C) Internal audits
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Brinda
9 months ago
B) Recorded sales
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Adelle
10 months ago
A) Employee theft
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Julian
11 months 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
9 months ago
Recorded sales may not necessarily be the main reason for comparing cash and register tape.
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Wilburn
9 months ago
Internal audits could also help in detecting discrepancies between cash and register tape.
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Ma
9 months 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
9 months ago
I think it's A) Employee theft. Employees could be stealing cash from the register.
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Shawnda
9 months ago
D) Occupational frauds
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Ulysses
9 months ago
Yes, comparing cash and register tape is important for detecting fraud.
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Aliza
10 months ago
B) Recorded sales
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Rosalia
10 months ago
I think it could also help detect occupational frauds.
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Torie
10 months ago
A) Employee theft
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Desiree
11 months 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
10 months ago
C) Internal audits
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Chauncey
10 months ago
B) Recorded sales
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Fletcher
10 months ago
A) Employee theft
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Yolande
11 months 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
11 months 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
11 months 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
11 months ago
I think the answer is A) Employee theft.
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