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

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

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

Suggested Answer: D

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39 comments · newest first
RA
Raymon 12 months ago
Nah, it’s mostly about keeping track of sales.
JO
Johanna 12 months ago
Wait, can you really detect theft just like that?
IL
Iluminada 12 months ago
Sounds like a good way to catch internal audits too.
DE
Dewitt 1 year ago
I think it's more about recorded sales.
LA
Laurel 1 year ago
Definitely employee theft!
CE
Celeste 1 year ago
I feel like the answer might be employee theft, but I also recall something about occupational frauds being a possibility. It's tricky!
JO
Josephine 1 year 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.
GR
Gracia 1 year 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.
MA
Malcom 1 year ago
I think this question is about detecting discrepancies, maybe related to employee theft? That seems to fit.
RA
Raylene 1 year 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.
CH
Christa 1 year 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.
KA
Kayleigh 1 year 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.
RH
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!
VA
Valentin 1 year ago
↳ replying to Rhea
D) Occupational frauds
EZ
Ezekiel 1 year ago
↳ replying to Rhea
C) Internal audits
FL
Flo 1 year ago
↳ replying to Rhea
B) Recorded sales
BI
Billye 1 year ago
↳ replying to Rhea
A) Employee theft
PA
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.
KE
Kendra 1 year ago
↳ replying to Paulina
C) Internal audits
BR
Brinda 1 year ago
↳ replying to Paulina
B) Recorded sales
AD
Adelle 1 year ago
↳ replying to Paulina
A) Employee theft
JU
Julian 2 years 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.
JI
Jina 1 year ago
↳ replying to Julian
Recorded sales may not necessarily be the main reason for comparing cash and register tape.
WI
Wilburn 1 year ago
↳ replying to Julian
Internal audits could also help in detecting discrepancies between cash and register tape.
MA
Ma 1 year ago
↳ replying to Julian
I agree with you, it could also be D) Occupational frauds. Fraudulent activities can be detected by comparing cash and register tape.
CH
Cheryl 1 year ago
↳ replying to Julian
I think it's A) Employee theft. Employees could be stealing cash from the register.
SH
Shawnda 1 year ago
↳ replying to Julian
D) Occupational frauds
UL
Ulysses 1 year ago
↳ replying to Julian
Yes, comparing cash and register tape is important for detecting fraud.
AL
Aliza 1 year ago
↳ replying to Julian
B) Recorded sales
RO
Rosalia 1 year ago
↳ replying to Julian
I think it could also help detect occupational frauds.
TO
Torie 1 year ago
↳ replying to Julian
A) Employee theft
DE
Desiree 2 years 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.
PO
Polly 1 year ago
↳ replying to Desiree
C) Internal audits
CH
Chauncey 1 year ago
↳ replying to Desiree
B) Recorded sales
FL
Fletcher 1 year ago
↳ replying to Desiree
A) Employee theft
YO
Yolande 2 years 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.
RO
Rochell 2 years ago
I'm not sure, but I think it could also be D) Occupational frauds, as it could help uncover fraudulent activities by employees.
CA
Carla 2 years ago
I agree with Kanisha, because comparing cash on hand with register tape can help detect if an employee is stealing.
KA
Kanisha 2 years ago
I think the answer is A) Employee theft.
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