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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
3 months ago
Surprised that C is the top choice, I would’ve picked A!
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Lelia
4 months ago
D covers all bases, can't go wrong with that!
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Alayna
4 months ago
Really? I thought A would be more effective.
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Nieves
4 months ago
Totally agree, C is key for catching discrepancies!
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Eleonore
4 months ago
C seems like the best option for spotting fraud.
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Val
4 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
10 months 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
9 months 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
9 months 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
9 months ago
User 1: Barnes could definitely catch some fraud by looking at paycheck amounts over a certain limit.
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Mammie
10 months 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
8 months ago
Absolutely, Barnes should consider all options to thoroughly analyze the accounts payable transactions.
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Jacqueline
9 months ago
True, using a combination of these functions would be the most effective approach.
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Raul
9 months ago
I agree, but reviewing recurring monthly expenses could also provide valuable insights.
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Terrilyn
9 months ago
Identifying paycheck amounts over a certain limit could definitely help in detecting fraud.
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Fletcher
9 months ago
D) All of the above
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Beckie
9 months ago
C) Review recurring monthly expenses and compare to posted/paid invoices
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Evelynn
9 months ago
B) Identify paycheck amounts over a certain limit
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Krissy
10 months ago
C) Review recurring monthly expenses and compare to posted/paid invoices
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Leonora
10 months ago
A) Compare book and tax depreciation and indicate variances
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Weldon
10 months ago
B) Identify paycheck amounts over a certain limit
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Pamela
10 months ago
A) Compare book and tax depreciation and indicate variances
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Delmy
11 months ago
I think option D is the best choice, as it covers all possible areas of potential fraud.
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Lajuana
11 months ago
I agree with Ashley, reviewing recurring monthly expenses can help identify anomalies.
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Ashley
11 months ago
I think option C is the most effective.
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Toshia
11 months ago
I think option D, all of the above, would be the best choice to cover all bases.
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Stevie
11 months 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
10 months ago
User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.
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Merilyn
10 months ago
User 1: I think comparing book and tax depreciation could also help in identifying fraud.
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Becky
10 months ago
User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.
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Claribel
10 months ago
User 1: I think comparing book and tax depreciation could also help in identifying fraud.
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Agustin
11 months ago
I agree with Erasmo, reviewing recurring monthly expenses can help identify fraud.
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Erasmo
11 months ago
I think option C is the most effective.
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Coletta
11 months 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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