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ACFE CFE-Investigation Exam - Topic 1 Question 114 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 114
Topic #: 1
[All CFE-Investigation Questions]

Which of the following types of data is BEST suited for a BenfordTs Law analysis?

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Suggested Answer: C

by Gail at Aug 03, 2025, 02:12 AM

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Isaac
3 months ago
Really? I’m surprised it’s not A or B!
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Thad
3 months ago
C makes sense, payment amounts vary widely.
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Marti
3 months ago
Totally agree, C is the way to go!
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Shawnta
3 months ago
I thought A would work too, but I guess not.
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Ashley
3 months ago
C is definitely the best choice for Benford's Law!
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Shannan
4 months ago
I’m a bit confused. I thought Benford's Law applied to any kind of data, but now I’m questioning if telephone numbers could work too.
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Lashawnda
4 months ago
I practiced a similar question, and I recall that financial data like payment amounts often follow Benford's Law. So, C seems right to me.
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William
4 months ago
I’m not entirely sure, but I remember something about how Benford's Law works better with naturally occurring numbers. Maybe employee IDs don’t fit that?
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Ronny
4 months ago
I think Benford's Law is about analyzing numerical data, so I’m leaning towards option C with payment amounts.
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Hubert
4 months ago
Payment amounts seem like the obvious choice here. That's the kind of data that's commonly analyzed using Benford's Law.
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Julio
5 months ago
Hmm, I'm leaning towards the employee identification numbers. They seem like they could have the right distribution to fit Benford's Law.
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Delisa
5 months ago
I'm not too familiar with Benford's Law, so I'm not sure which of these options would be best. I'll have to review the concept before deciding.
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Jacob
5 months ago
I think the payment amounts would be best for a Benford's Law analysis, since that type of data tends to follow the Benford's distribution.
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Nakisha
6 months ago
Vendor addresses? Really? That's just silly. Unless the vendors are all based in Lake Wobegon, where 'all the women are strong, all the men are good-looking, and all the children are above average.'
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Janet
6 months ago
Hmm, I'm not sure. Employee IDs and phone numbers might have some interesting digit patterns too. But I guess payment amounts are more likely to follow Benford's Law. As long as the exam doesn't ask me to actually calculate the leading digit frequencies, I'm good!
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Deonna
6 months ago
I don't know, I'm still trying to wrap my head around this Benford's Law thing. Isn't it something to do with the frequency of certain digits in natural numbers or something? If that's the case, then C) sounds like the way to go.
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Aleta
5 months ago
Exactly. Employee IDs and addresses wouldn't fit as well.
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Scarlet
5 months ago
C) makes sense. Payment amounts vary a lot.
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Stanton
5 months ago
True! It's crazy how some digits appear more often.
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Juan
5 months ago
Yeah, Benford's Law analyzes the distribution of leading digits.
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Susana
7 months ago
I agree with Kiera, payment amounts have a wide range of values.
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Kiera
7 months ago
I think C) A listing of payment amounts is the best option.
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Stanton
7 months ago
C) A listing of payment amounts seems like the obvious choice here. Benford's Law is all about the distribution of leading digits in numerical data, and payment amounts definitely fit the bill.
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Jess
5 months ago
C) A listing of payment amounts
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Nida
7 months ago
B) Telephone numbers
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Ruth
7 months ago
A) Employee identification numbers
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