ACFE CFE-Investigation Exam - Topic 1 Question 77 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 77
Topic #: 1

Tony, a fraud examiner, believes that vendors might be submitting multiple invoices for the same sales with the hope that they will be paid more than once. He wants to ensure that no two invoices in the system have the same number. Which of the Mowing data analysis functions would be most useful for this test?

ADuplicate search

BBenford's Law analysis

CCorrelation analysis

DLinear regression

Show Suggested Answer

Suggested Answer: A

by My at Dec 09, 2023, 04:13 PM

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Audra

3 months ago

Just a reminder, multiple invoices can lead to serious fraud issues!

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Ettie

3 months ago

Benford's Law could be interesting too, but A seems safer.

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Gerald

4 months ago

Wait, are we sure that's the best option?

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Meaghan

4 months ago

I agree, A makes the most sense here.

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Lynda

4 months ago

Definitely A, duplicate search is the way to go!

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Alida

4 months ago

I feel like linear regression is more about predicting trends, so it wouldn't help with identifying duplicate invoices either.

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Nickolas

5 months ago

I practiced a similar question, and I believe correlation analysis isn't really relevant for checking duplicate invoices.

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Venita

5 months ago

I'm not entirely sure, but I remember something about Benford's Law being used for fraud detection. Would that apply here?

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Brandee

5 months ago

I think the duplicate search function makes the most sense here since Tony is specifically looking for duplicate invoice numbers.

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Emiko

5 months ago

The Duplicate search is definitely the way to go here. It's the most direct approach to ensuring there are no duplicate invoice numbers in the system.

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Lizette

5 months ago

I'm a little confused on this one. Wouldn't Benford's Law analysis also be useful to look for any irregularities in the invoice numbers? I'm not sure which option is the best.

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Caren

5 months ago

The Duplicate search seems like the most logical choice here. It's designed to identify duplicate values, which is exactly what Tony is trying to do with the invoice numbers.

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Carlee

5 months ago

Hmm, I'm not sure about this one. I'll have to think it through a bit more. Maybe the Duplicate search could work, but I'm not totally confident.

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Estrella

5 months ago

This seems pretty straightforward. I'd go with the Duplicate search option to identify any invoices with the same number.

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Refugia

5 months ago

Hmm, this seems like a pretty technical question about GPON network bandwidth types. I'll need to think carefully about the key concepts here.

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Clorinda

5 months ago

Okay, let's see. I know the patch panel is made up of different modules, so I'll need to look closely at the options to see which two are the basic building blocks.

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Jin

5 months ago

Okay, let's see. I need to identify the two most important benefits a test execution tool should provide.

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