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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Bette

2 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

17 days 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

19 days 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 months ago

User 1: Barnes could definitely catch some fraud by looking at paycheck amounts over a certain limit.

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Mammie

2 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

4 hours ago

Absolutely, Barnes should consider all options to thoroughly analyze the accounts payable transactions.

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Jacqueline

1 days ago

True, using a combination of these functions would be the most effective approach.

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Raul

2 days ago

I agree, but reviewing recurring monthly expenses could also provide valuable insights.

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Terrilyn

3 days ago

Identifying paycheck amounts over a certain limit could definitely help in detecting fraud.

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Fletcher

5 days ago

D) All of the above

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Beckie

17 days ago

C) Review recurring monthly expenses and compare to posted/paid invoices

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Evelynn

23 days ago

B) Identify paycheck amounts over a certain limit

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Krissy

1 months ago

C) Review recurring monthly expenses and compare to posted/paid invoices

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Leonora

1 months ago

A) Compare book and tax depreciation and indicate variances

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Weldon

1 months ago

B) Identify paycheck amounts over a certain limit

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Pamela

2 months ago

A) Compare book and tax depreciation and indicate variances

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Delmy

2 months ago

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

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Lajuana

2 months ago

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

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Ashley

2 months ago

I think option C is the most effective.

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Toshia

2 months ago

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

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Stevie

2 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

1 months ago

User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.

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Merilyn

1 months ago

User 1: I think comparing book and tax depreciation could also help in identifying fraud.

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Becky

1 months ago

User 2: True, but I believe checking paycheck amounts over a certain limit is more effective.

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Claribel

2 months ago

User 1: I think comparing book and tax depreciation could also help in identifying fraud.

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Agustin

2 months ago

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

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Erasmo

2 months ago

I think option C is the most effective.

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Coletta

2 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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