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

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 95
Topic #: 7
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

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

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Suggested Answer: A

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

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Kasandra
5 months ago
B seems solid too, but A is definitely more comprehensive.
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Teddy
5 months ago
I thought D was a good choice, but now I'm not so sure.
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Clorinda
5 months ago
Wait, physical padding? That sounds weird.
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Denny
5 months ago
Totally agree, A covers all the bases!
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Diane
6 months ago
A is the best option for preventing inventory fraud.
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Sue
6 months ago
D sounds a bit strange to me; I don't recall "prenumbered affiliations" being a standard term in our studies.
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Cheryl
6 months ago
I feel like C is off because physical padding doesn't seem relevant to preventing fraud.
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Lezlie
6 months 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.
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Elena
6 months ago
I think the answer might be A, but I'm not entirely sure if physical safeguards are really necessary.
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Audria
6 months 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.
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Merilyn
6 months 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.
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Carmen
6 months 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.
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Micaela
7 months 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.
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Leonor
7 months 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.
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Gerald
12 months 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.
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Chantay
11 months ago
User 3: Independent checks and physical safeguards are also important measures to have in place.
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Angelyn
11 months ago
User 2: I agree, proper documentation and segregation of duties are key.
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Macy
12 months ago
User 1: Option A is definitely the best choice for preventing inventory fraud.
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Freida
1 year ago
D's 'prenumbered affiliations' sounds like something straight out of a bureaucratic nightmare. A all the way!
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Yuki
10 months ago
D) prenumbered affiliations, segregation of duties, independent checks and physical safeguards
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Dahlia
10 months ago
C) Proper documentation, physical padding, independent checks and physical safeguards
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Andra
11 months ago
B) Proper documentation, segregation of duties, independent checks and inventory control
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Eloisa
11 months ago
A) Proper documentation, segregation of duties, independent checks and physical safeguards
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Alesia
1 year 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.
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Aretha
11 months ago
User 2: Definitely, A seems like the most reliable option.
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Rodolfo
11 months ago
User 1: Yeah, 'physical padding' sounds suspicious.
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Merissa
1 year ago
I'm torn between A and B, but I think A has the edge as it specifically mentions 'physical safeguards' which is crucial.
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Laurena
1 year ago
Option A seems to be the most comprehensive answer, covering all the key measures to prevent inventory fraud.
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Moon
11 months ago
Independent checks provide an additional layer of security to detect any discrepancies.
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Paris
11 months ago
Segregation of duties can help prevent fraud by requiring multiple people to be involved in the process.
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Lorrine
12 months ago
Proper documentation is crucial in preventing inventory fraud.
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Rosita
1 year ago
I agree, option A covers all the important measures.
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Kerrie
1 year 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.
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Leslie
1 year ago
I agree with Annmarie, those measures can definitely help prevent inventory fraud.
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Annmarie
1 year ago
I think the answer is A) Proper documentation, segregation of duties, independent checks and physical safeguards.
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