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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 7 Question 95 Discussion

Posted by Azalee on Aug 25, 2024 at 05:31 AM

Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

Suggested Answer: A

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35 comments · newest first
KA
Kasandra 11 months ago
B seems solid too, but A is definitely more comprehensive.
TE
Teddy 11 months ago
I thought D was a good choice, but now I'm not so sure.
CL
Clorinda 11 months ago
Wait, physical padding? That sounds weird.
DE
Denny 12 months ago
Totally agree, A covers all the bases!
DI
Diane 12 months ago
A is the best option for preventing inventory fraud.
SU
Sue 12 months ago
D sounds a bit strange to me; I don't recall "prenumbered affiliations" being a standard term in our studies.
CH
Cheryl 1 year ago
I feel like C is off because physical padding doesn't seem relevant to preventing fraud.
LE
Lezlie 1 year ago
I remember practicing a question similar to this, and I think segregation of duties is definitely important, so maybe B is the right choice.
EL
Elena 1 year ago
I think the answer might be A, but I'm not entirely sure if physical safeguards are really necessary.
AU
Audria 1 year ago
I'm a little confused by this question. What exactly are they looking for in terms of the "four basic measures"? Is it just a list of general controls, or are they specifically focused on inventory fraud prevention? I'll have to read through the options carefully and try to figure out the best approach.
ME
Merilyn 1 year ago
Okay, I think I've got this. The key is to focus on the measures that can help prevent inventory fraud specifically. I'm going to go with option A - proper documentation, segregation of duties, independent checks, and physical safeguards. That seems like the most comprehensive approach.
CA
Carmen 1 year ago
This question seems straightforward - it's asking about the four basic measures that can help prevent inventory fraud. I'm pretty confident I know the answer, so I'll just carefully review the options and select the best one.
MI
Micaela 1 year ago
Hmm, this is a tricky one. I'm not entirely sure what the "four basic measures" are that they're referring to. I'll have to think this through carefully and try to eliminate the options that don't seem right.
LE
Leonor 1 year ago
This looks like a straightforward time zone issue. I think option B is the way to go - we should adjust the current business hours to accommodate the Eastern Time Zone.
GE
Gerald 1 year ago
I bet the person who wrote option C has never actually worked in an inventory management role. A is the way to go, no doubt.
CH
Chantay 1 year ago
↳ replying to Gerald
User 3: Independent checks and physical safeguards are also important measures to have in place.
AN
Angelyn 1 year ago
↳ replying to Gerald
User 2: I agree, proper documentation and segregation of duties are key.
MA
Macy 1 year ago
↳ replying to Gerald
User 1: Option A is definitely the best choice for preventing inventory fraud.
FR
Freida 2 years ago
D's 'prenumbered affiliations' sounds like something straight out of a bureaucratic nightmare. A all the way!
YU
Yuki 1 year ago
↳ replying to Freida
D) prenumbered affiliations, segregation of duties, independent checks and physical safeguards
DA
Dahlia 1 year ago
↳ replying to Freida
C) Proper documentation, physical padding, independent checks and physical safeguards
AN
Andra 1 year ago
↳ replying to Freida
B) Proper documentation, segregation of duties, independent checks and inventory control
EL
Eloisa 1 year ago
↳ replying to Freida
A) Proper documentation, segregation of duties, independent checks and physical safeguards
AL
Alesia 2 years ago
Haha, 'physical padding'? Really? I guess that could work if you're trying to hide the missing inventory. But A is the clear winner here.
AR
Aretha 1 year ago
↳ replying to Alesia
User 2: Definitely, A seems like the most reliable option.
RO
Rodolfo 1 year ago
↳ replying to Alesia
User 1: Yeah, 'physical padding' sounds suspicious.
ME
Merissa 2 years ago
I'm torn between A and B, but I think A has the edge as it specifically mentions 'physical safeguards' which is crucial.
LA
Laurena 2 years ago
Option A seems to be the most comprehensive answer, covering all the key measures to prevent inventory fraud.
MO
Moon 1 year ago
↳ replying to Laurena
Independent checks provide an additional layer of security to detect any discrepancies.
PA
Paris 1 year ago
↳ replying to Laurena
Segregation of duties can help prevent fraud by requiring multiple people to be involved in the process.
LO
Lorrine 1 year ago
↳ replying to Laurena
Proper documentation is crucial in preventing inventory fraud.
RO
Rosita 2 years ago
↳ replying to Laurena
I agree, option A covers all the important measures.
KE
Kerrie 2 years ago
I'm not sure, but I think B) Proper documentation, segregation of duties, independent checks and inventory control could also be a good option.
LE
Leslie 2 years ago
I agree with Annmarie, those measures can definitely help prevent inventory fraud.
AN
Annmarie 2 years ago
I think the answer is A) Proper documentation, segregation of duties, independent checks and physical safeguards.
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