ACFE Exam CFE-Investigation Topic 1 Question 79 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 79
Topic #: 1

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?

ACompare book and tax depreciation and indicate variances

BIdentify paycheck amounts over a certain limit

CReview recurring monthly expenses and compare to posted/paid invoices

DAll of the above

Show Suggested Answer

Suggested Answer: A

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

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Mammie

11 hours 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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Delmy

5 days ago

I think option D is the best choice, as it covers all possible areas of potential fraud.

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Lajuana

6 days ago

I agree with Ashley, reviewing recurring monthly expenses can help identify anomalies.

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Ashley

6 days ago

I think option C is the most effective.

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Toshia

8 days ago

I think option D, all of the above, would be the best choice to cover all bases.

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Stevie

10 days 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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Agustin

12 days ago

I agree with Erasmo, reviewing recurring monthly expenses can help identify fraud.

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Erasmo

13 days ago

I think option C is the most effective.

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Coletta

13 days 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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