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ACFE CFE-Investigation Exam - Topic 1 Question 79 Discussion

Barnes, a Certified Fraud Examiner (CFE). is using data analysis to identify anomalies that might indicate fraud in XYZ Company's accounts payable transactions. Which of the following is the MOST EFFECTIVE data analysis function that Barnes could use to look for potential fraud in accounts payable?
A) Compare book and tax depreciation and indicate variances
B) Identify paycheck amounts over a certain limit
C) Review recurring monthly expenses and compare to posted/paid invoices
D) All of the above

ACFE CFE-Investigation Exam - Topic 1 Question 79 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 79
Topic #: 1
[All CFE-Investigation Questions]

Barnes, a Certified Fraud Examiner (CFE). is using data analysis to identify anomalies that might indicate fraud in XYZ Company's accounts payable transactions. Which of the following is the MOST EFFECTIVE data analysis function that Barnes could use to look for potential fraud in accounts payable?

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Suggested Answer: A

by Josphine at Jan 22, 2024, 05:56 AM

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Salena
9 months ago
Surprised that C is the top choice, I would’ve picked A!
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Lelia
10 months ago
D covers all bases, can't go wrong with that!
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Alayna
10 months ago
Really? I thought A would be more effective.
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Nieves
10 months ago
Totally agree, C is key for catching discrepancies!
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Eleonore
10 months ago
C seems like the best option for spotting fraud.
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Val
10 months ago
I'm torn between options. "All of the above" seems safe, but I wonder if one function is really more effective than the others for this specific scenario.
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Yuonne
11 months ago
Reviewing recurring monthly expenses and comparing them to posted invoices sounds familiar. I think it could help spot duplicate payments or unauthorized expenses.
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Deonna
11 months ago
I think identifying paycheck amounts over a certain limit could be useful, but it feels more related to payroll fraud than accounts payable.
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Mike
11 months ago
I remember we discussed how comparing book and tax depreciation can reveal discrepancies, but I'm not sure if it's the best choice for accounts payable specifically.
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Omega
11 months ago
I'm a little confused by this question. Aren't all of those options potentially useful for identifying fraud? I'm not sure I can confidently pick just one as the "most effective." Maybe I should try to explain the pros and cons of each approach in my answer.
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Antione
11 months ago
Option C is definitely the way to go here. Reviewing those recurring monthly expenses is key to spotting any anomalies or discrepancies that could indicate fraud. I feel pretty confident that's the most effective data analysis function for this situation.
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Bernardo
11 months ago
Hmm, I'm a bit unsure about this one. I was thinking option B, identifying paycheck amounts over a certain limit, might be a good approach too. But C does seem more focused on the accounts payable specifically. I'll have to think this through a bit more.
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Malcolm
11 months ago
This seems like a pretty straightforward question. I'd go with option C - reviewing recurring monthly expenses and comparing them to posted/paid invoices. That seems like the most effective way to identify potential fraud in the accounts payable.
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Rory
11 months ago
Alright, let's do this. Locate the paragraph, set the pagination, and make sure it all stays on the same page. I've got this!
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Melissa
11 months ago
I'm pretty confident I can figure this out. The key is to focus on the specific capabilities of an Optical Time Domain Reflectometer (OTDR) and how it can detect physical changes in the fiber.
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Noble
11 months ago
This question is testing our knowledge of JMS behavior, so I'll need to carefully consider each option and how it relates to message redelivery. I think the key is understanding the different ways a message processing can fail, and how JMS responds in those cases.
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Bette
1 year ago
Haha, I bet Barnes is wishing he had the ability to compare book and tax depreciation like in option A. That would be a real party trick!
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Holley
1 year ago
User 3: I think reviewing recurring monthly expenses and comparing them to invoices would also be a smart move.
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Vallie
1 year ago
User 2: Yeah, that would be a good way to spot any suspicious activity in the accounts payable transactions.
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Kris
1 year ago
User 1: Barnes could definitely catch some fraud by looking at paycheck amounts over a certain limit.
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Mammie
1 year ago
Hmm, I'm not sure. Identifying paycheck amounts over a certain limit could also be useful to detect potential fraud, don't you think?
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Marti
1 year ago
Absolutely, Barnes should consider all options to thoroughly analyze the accounts payable transactions.
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Jacqueline
1 year ago
True, using a combination of these functions would be the most effective approach.
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Raul
1 year ago
I agree, but reviewing recurring monthly expenses could also provide valuable insights.
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Terrilyn
1 year ago
Identifying paycheck amounts over a certain limit could definitely help in detecting fraud.
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Fletcher
1 year ago
D) All of the above
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Beckie
1 year ago
C) Review recurring monthly expenses and compare to posted/paid invoices
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Evelynn
1 year ago
B) Identify paycheck amounts over a certain limit
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Krissy
1 year ago
C) Review recurring monthly expenses and compare to posted/paid invoices
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Leonora
1 year ago
A) Compare book and tax depreciation and indicate variances
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Weldon
1 year ago
B) Identify paycheck amounts over a certain limit
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Pamela
1 year ago
A) Compare book and tax depreciation and indicate variances
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Delmy
1 year ago
I think option D is the best choice, as it covers all possible areas of potential fraud.
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Lajuana
1 year ago
I agree with Ashley, reviewing recurring monthly expenses can help identify anomalies.
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Ashley
1 year ago
I think option C is the most effective.
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Toshia
1 year ago
I think option D, all of the above, would be the best choice to cover all bases.
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Stevie
1 year ago
I agree with Coletta. Checking the recurring monthly expenses against the invoices is a great way to spot any suspicious activities in the accounts payable.
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Erick
1 year ago
User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.
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Merilyn
1 year ago
User 1: I think comparing book and tax depreciation could also help in identifying fraud.
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Becky
1 year ago
User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.
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Claribel
1 year ago
User 1: I think comparing book and tax depreciation could also help in identifying fraud.
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Agustin
1 year ago
I agree with Erasmo, reviewing recurring monthly expenses can help identify fraud.
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Erasmo
1 year ago
I think option C is the most effective.
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Coletta
1 year ago
Option C seems the most effective data analysis function to look for potential fraud in accounts payable. Reviewing recurring monthly expenses and comparing them to posted/paid invoices could uncover any discrepancies or anomalies.
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