ACFE CFE-Investigation Exam - Topic 1 Question 100 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 100
Topic #: 1

Boyd, a Certified Fraud Examiner (CFE). was hired to trace Lottie's financial transactions. During his investigation. Boyd obtains records of electronic payments that Lottie made during the past five years. Which of the following are these records MOST LIKELY to reveal?

AThe market value of any real property Lottie owns

BThe assets that Lottie has purchased

CThe division and distribution of Lottie's assets

DIf Lottie is skimming her employer's funds

Show Suggested Answer

Suggested Answer: B

by Marshall at Sep 19, 2024, 01:55 AM

Limited Time Offer

25%

Off

Get Premium CFE-Investigation Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Johnson

5 months ago

I thought A would be relevant too, but maybe not as much.

upvoted 0 times

...

Franklyn

5 months ago

B could also be a possibility, but D is stronger.

upvoted 0 times

...

Larue

5 months ago

Wait, can electronic payments really show if she's skimming?

upvoted 0 times

...

Willodean

5 months ago

Totally agree, D makes the most sense!

upvoted 0 times

...

Tiera

6 months ago

D is the most likely outcome here.

upvoted 0 times

...

Shayne

6 months ago

I recall that electronic records can indicate suspicious activity, so option D seems plausible, but I wonder if they would also show the assets she purchased.

upvoted 0 times

...

Darnell

6 months ago

I'm a bit confused about the options. Wouldn't the payments help identify if she's skimming funds, but not necessarily the distribution of her assets?

upvoted 0 times

...

Shanda

6 months ago

I think similar practice questions focused on tracing assets, and I feel like the payments would definitely show what Lottie has bought.

upvoted 0 times

...

Reid

6 months ago

I remember we discussed how electronic payment records can show purchases, but I'm not sure if they would reveal the market value of real property.

upvoted 0 times

...

Carmela

6 months ago

Okay, let me think this through. The question is asking what the records are most likely to reveal, so I need to consider which option is the most direct and relevant answer. I'm leaning towards option B, as the asset purchases seem like the most logical information to be contained in the payment records.

upvoted 0 times

...

Cristen

6 months ago

Hmm, I'm a bit unsure about this one. The question is asking what the records are most likely to reveal, but the options seem to cover a range of financial information. I'll need to think carefully about which one is the best fit.

upvoted 0 times

...

Katina

6 months ago

This seems like a straightforward question about the types of information that can be gleaned from electronic payment records. I'll focus on identifying the assets Lottie has purchased, as that seems the most relevant to the scenario.

upvoted 0 times

...

Annmarie

7 months ago

Aha, I think I've got this! The electronic payment records will likely show the specific assets Lottie has purchased, rather than broader information like the market value of her real estate or the division of her assets. I'll go with option B.

upvoted 0 times

...

Kathryn

7 months ago

This seems like a tricky one. I'd want to carefully review the details of the security fixes and the reported vulnerability to understand what's going on.

upvoted 0 times

...

Stevie

2 years ago

Hey, I heard Lottie's got a secret passion for collecting rare unicorn figurines. Maybe the payment records will show that! Wouldn't that be a wild twist?

upvoted 0 times

...

Donte

2 years ago

Hmm, I'm not sure about the market value of any real property Lottie owns. That seems like a bit of a stretch, don't you think? I'm gonna go with B on this one.

upvoted 0 times

Daniela

1 year ago

C) The division and distribution of Lottie's assets

upvoted 0 times

...

Noelia

1 year ago

B) The assets that Lottie has purchased

upvoted 0 times

...

Herschel

2 years ago

A) The market value of any real property Lottie owns

upvoted 0 times

...

Gladys

2 years ago

I believe the records might also reveal if Lottie is skimming her employer's funds.

upvoted 0 times

...

Kanisha

2 years ago

I agree with Joesph. Knowing what assets Lottie has purchased can provide valuable insights.

upvoted 0 times

...

Rima

2 years ago

The payment records could also reveal the division and distribution of Lottie's assets, as option C suggests. Maybe she's been doing some fancy financial juggling, who knows?

upvoted 0 times

Emile

1 year ago

C) The division and distribution of Lottie's assets

upvoted 0 times

...

Gerardo

1 year ago

B) The assets that Lottie has purchased

upvoted 0 times

...

Elbert

2 years ago

A) The market value of any real property Lottie owns

upvoted 0 times

...

Joesph

2 years ago

I think the records will reveal the assets that Lottie has purchased.

upvoted 0 times

...

Lashandra

2 years ago

I think option D is the correct answer. If Lottie's employer's funds are being skimmed, the payment records would definitely show that. Gotta catch those fraudsters red-handed!

upvoted 0 times

...

Freida

2 years ago

The electronic payment records would most likely reveal the assets that Lottie has purchased, like B says. I mean, who doesn't love a good shopping spree, am I right? This is gonna be juicy!

upvoted 0 times