ACFE CFE-Investigation Exam - Topic 1 Question 111 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 111
Topic #: 1

Which of the following sets of numbers could a fraud examiner MOST LIKELY benefit from running a Benford's Law analysis on?

ATelephone numbers

BVendor invoice amounts

CEmployee identification numbers

DBank account numbers

Show Suggested Answer

Suggested Answer: B

by Zoila at Jun 15, 2025, 10:41 PM

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Gayla

6 months ago

I agree, B is the best choice here!

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Eden

6 months ago

I think D could work too, but not as well as B.

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Meaghan

6 months ago

Wait, can you really use Benford's Law on employee IDs? That seems odd.

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Lera

6 months ago

A is a no-go, those aren't random enough for analysis.

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Carlota

6 months ago

Definitely B, vendor invoice amounts are perfect for this!

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Edwin

7 months ago

I’m a bit confused; I thought Benford's Law applied to naturally occurring numbers, but I'm not sure if bank account numbers would qualify.

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Cammy

7 months ago

I think we practiced a question similar to this, and it was about analyzing transaction amounts. So, vendor invoice amounts seem like a likely candidate.

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Bettina

7 months ago

I'm not entirely sure, but I feel like employee identification numbers wouldn't really fit Benford's Law since they are more structured.

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Quentin

7 months ago

I remember we discussed Benford's Law in relation to financial data, so I think vendor invoice amounts might be the best choice here.

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Pete

8 months ago

I'm going to go with vendor invoice amounts. That financial data is more likely to follow Benford's Law compared to things like phone numbers or employee IDs.

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Lauran

8 months ago

I'm a bit unsure about this one. I know Benford's Law is used to detect anomalies, but I'm not sure which of these data sets would be the most applicable.

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Annice

8 months ago

Vendor invoice amounts seem like the most obvious choice here. That's the kind of financial data that Benford's Law is often used to analyze for potential fraud.

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Delpha

8 months ago

Hmm, this one seems tricky. I'll need to think carefully about the principles of Benford's Law and which types of data are most likely to follow that distribution.

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Jerilyn

11 months ago

Employee IDs? That's like trying to find a needle in a haystack. Bank account numbers, on the other hand, are like a neon sign saying 'Audit me!'

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Dierdre

9 months ago

Vendor invoice amounts

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Jolene

9 months ago

Bank account numbers

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Tora

10 months ago

Vendor invoice amounts

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Shay

10 months ago

Bank account numbers

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Sanjuana

11 months ago

Vendor invoices, hands down. It's like a treasure trove of potential fraud just waiting to be uncovered. Plus, I heard the fraud examiner gets a bonus for every dodgy invoice they find.

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Stephen

10 months ago

Definitely vendor invoices, that's where the real juicy stuff is.

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Lilli

10 months ago

Vendor invoice amounts

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Scarlet

11 months ago

I'm not sure, but I think bank account numbers could also be a good choice for Benford's Law analysis.

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Rebbecca

11 months ago

I agree with Junita, because Benford's Law is often used to detect fraud in financial data.

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Olga

11 months ago

Telephone numbers? Really? What, are we going to catch the fraudsters by their area codes? Vendor invoices all the way, baby!

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Melinda

10 months ago

Agreed, vendor invoices are the way to go

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Quentin

10 months ago

Definitely vendor invoice amounts

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Phung

10 months ago

Vendor invoice amounts

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Cletus

11 months ago

Bank account numbers? Nah, that's too obvious. Gotta go with employee IDs - you never know what kind of sneaky stuff people might be up to with their own data.

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