Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: A

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

Limited Time Offer

25%

Off

Get Premium CFE-Investigation Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Salena
5 months ago
Surprised that C is the top choice, I would’ve picked A!
upvoted 0 times
...
Lelia
5 months ago
D covers all bases, can't go wrong with that!
upvoted 0 times
...
Alayna
5 months ago
Really? I thought A would be more effective.
upvoted 0 times
...
Nieves
6 months ago
Totally agree, C is key for catching discrepancies!
upvoted 0 times
...
Eleonore
6 months ago
C seems like the best option for spotting fraud.
upvoted 0 times
...
Val
6 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.
upvoted 0 times
...
Yuonne
6 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.
upvoted 0 times
...
Deonna
6 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.
upvoted 0 times
...
Mike
6 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.
upvoted 0 times
...
Omega
6 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.
upvoted 0 times
...
Antione
7 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.
upvoted 0 times
...
Bernardo
7 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.
upvoted 0 times
...
Malcolm
7 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.
upvoted 0 times
...
Rory
7 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!
upvoted 0 times
...
Melissa
7 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.
upvoted 0 times
...
Noble
7 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.
upvoted 0 times
...
Bette
12 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!
upvoted 0 times
Holley
11 months ago
User 3: I think reviewing recurring monthly expenses and comparing them to invoices would also be a smart move.
upvoted 0 times
...
Vallie
11 months ago
User 2: Yeah, that would be a good way to spot any suspicious activity in the accounts payable transactions.
upvoted 0 times
...
Kris
11 months ago
User 1: Barnes could definitely catch some fraud by looking at paycheck amounts over a certain limit.
upvoted 0 times
...
...
Mammie
12 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?
upvoted 0 times
Marti
10 months ago
Absolutely, Barnes should consider all options to thoroughly analyze the accounts payable transactions.
upvoted 0 times
...
Jacqueline
10 months ago
True, using a combination of these functions would be the most effective approach.
upvoted 0 times
...
Raul
10 months ago
I agree, but reviewing recurring monthly expenses could also provide valuable insights.
upvoted 0 times
...
Terrilyn
10 months ago
Identifying paycheck amounts over a certain limit could definitely help in detecting fraud.
upvoted 0 times
...
Fletcher
10 months ago
D) All of the above
upvoted 0 times
...
Beckie
11 months ago
C) Review recurring monthly expenses and compare to posted/paid invoices
upvoted 0 times
...
Evelynn
11 months ago
B) Identify paycheck amounts over a certain limit
upvoted 0 times
...
Krissy
11 months ago
C) Review recurring monthly expenses and compare to posted/paid invoices
upvoted 0 times
...
Leonora
11 months ago
A) Compare book and tax depreciation and indicate variances
upvoted 0 times
...
Weldon
11 months ago
B) Identify paycheck amounts over a certain limit
upvoted 0 times
...
Pamela
12 months ago
A) Compare book and tax depreciation and indicate variances
upvoted 0 times
...
...
Delmy
1 year ago
I think option D is the best choice, as it covers all possible areas of potential fraud.
upvoted 0 times
...
Lajuana
1 year ago
I agree with Ashley, reviewing recurring monthly expenses can help identify anomalies.
upvoted 0 times
...
Ashley
1 year ago
I think option C is the most effective.
upvoted 0 times
...
Toshia
1 year ago
I think option D, all of the above, would be the best choice to cover all bases.
upvoted 0 times
...
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.
upvoted 0 times
Erick
11 months ago
User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.
upvoted 0 times
...
Merilyn
11 months ago
User 1: I think comparing book and tax depreciation could also help in identifying fraud.
upvoted 0 times
...
Becky
11 months ago
User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.
upvoted 0 times
...
Claribel
12 months ago
User 1: I think comparing book and tax depreciation could also help in identifying fraud.
upvoted 0 times
...
...
Agustin
1 year ago
I agree with Erasmo, reviewing recurring monthly expenses can help identify fraud.
upvoted 0 times
...
Erasmo
1 year ago
I think option C is the most effective.
upvoted 0 times
...
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.
upvoted 0 times
...

Save Cancel