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ACFE CFE-Investigation Exam - Topic 1 Question 61 Discussion

Which of the following is NOT true with regard to tracing the disposition of loan proceeds?
D) Tracing loan proceeds can identify the presence of internal control weaknesses.
A) Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts.
B) Tracing loan proceeds can uncover previously hidden assets
C) Tracing loan proceeds can determine if hidden accounts were used for loan payments

ACFE CFE-Investigation Exam - Topic 1 Question 61 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 61
Topic #: 1
[All CFE-Investigation Questions]

Which of the following is NOT true with regard to tracing the disposition of loan proceeds?

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Suggested Answer: D

by Izetta at Dec 12, 2022, 01:32 PM

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Ling
10 months ago
Yup, tracing is all about the money trail, not internal controls!
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Chun
10 months ago
D is the odd one out here, it’s more about tracking funds than controls.
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Mona
10 months ago
Wait, can it really uncover hidden assets? Sounds too good to be true.
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Taryn
11 months ago
I agree, that's a key part of forensic accounting!
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Laquita
11 months ago
Tracing loan proceeds can definitely reveal hidden accounts.
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Jamal
11 months ago
I'm a bit confused about whether tracing can determine loan payment sources. I need to think more about that.
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Domitila
11 months ago
I practiced a similar question where tracing helped find hidden assets, so I feel confident about that part.
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Eun
11 months ago
I think option D sounds off because tracing is more about the flow of money rather than assessing internal controls.
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Claudia
11 months ago
I remember studying how tracing loan proceeds can reveal hidden accounts, but I'm not sure if it can identify internal control weaknesses.
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Chuck
11 months ago
Hmm, I'm a bit confused on this one. I know it has something to do with how the access point identifies itself, but I'm not sure which frame type is used for that.
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Yasuko
11 months ago
I'm a little confused on this one. I'll have to review the material again before deciding. Don't want to guess and get it wrong.
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Sheron
11 months ago
This looks like a tricky one. I'll need to draw on my knowledge of product and promotion management to figure out the right approach here. Gotta be careful not to overthink it.
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Coral
11 months ago
Hmm, I'm a little unsure about this one. I know out-of-band management is used to manage network devices separately from the production network, but I'm not totally clear on the specific advantages. I'll have to think this through carefully.
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