ACFE CFE-Investigation Exam - Topic 1 Question 111 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 111
Topic #: 1

Which of the following sets of numbers could a fraud examiner MOST LIKELY benefit from running a Benford's Law analysis on?

ATelephone numbers

BVendor invoice amounts

CEmployee identification numbers

DBank account numbers

Show Suggested Answer

Suggested Answer: B

by Zoila at Jun 15, 2025, 10:41 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Gayla

3 months ago

I agree, B is the best choice here!

upvoted 0 times

...

Eden

3 months ago

I think D could work too, but not as well as B.

upvoted 0 times

...

Meaghan

3 months ago

Wait, can you really use Benford's Law on employee IDs? That seems odd.

upvoted 0 times

...

Lera

3 months ago

A is a no-go, those aren't random enough for analysis.

upvoted 0 times

...

Carlota

3 months ago

Definitely B, vendor invoice amounts are perfect for this!

upvoted 0 times

...

Edwin

4 months ago

I’m a bit confused; I thought Benford's Law applied to naturally occurring numbers, but I'm not sure if bank account numbers would qualify.

upvoted 0 times

...

Cammy

4 months ago

I think we practiced a question similar to this, and it was about analyzing transaction amounts. So, vendor invoice amounts seem like a likely candidate.

upvoted 0 times

...

Bettina

4 months ago

I'm not entirely sure, but I feel like employee identification numbers wouldn't really fit Benford's Law since they are more structured.

upvoted 0 times

...

Quentin

4 months ago

I remember we discussed Benford's Law in relation to financial data, so I think vendor invoice amounts might be the best choice here.

upvoted 0 times

...

Pete

5 months ago

I'm going to go with vendor invoice amounts. That financial data is more likely to follow Benford's Law compared to things like phone numbers or employee IDs.

upvoted 0 times

...

Lauran

5 months ago

I'm a bit unsure about this one. I know Benford's Law is used to detect anomalies, but I'm not sure which of these data sets would be the most applicable.

upvoted 0 times

...

Annice

5 months ago

Vendor invoice amounts seem like the most obvious choice here. That's the kind of financial data that Benford's Law is often used to analyze for potential fraud.

upvoted 0 times

...

Delpha

5 months ago

Hmm, this one seems tricky. I'll need to think carefully about the principles of Benford's Law and which types of data are most likely to follow that distribution.

upvoted 0 times

...

Jerilyn

8 months ago

Employee IDs? That's like trying to find a needle in a haystack. Bank account numbers, on the other hand, are like a neon sign saying 'Audit me!'

upvoted 0 times

Dierdre

6 months ago

Vendor invoice amounts

upvoted 0 times

...

Jolene

6 months ago

Bank account numbers

upvoted 0 times

...

Tora

7 months ago

Vendor invoice amounts

upvoted 0 times

...

Shay

7 months ago

Bank account numbers

upvoted 0 times

...

Sanjuana

8 months ago

Vendor invoices, hands down. It's like a treasure trove of potential fraud just waiting to be uncovered. Plus, I heard the fraud examiner gets a bonus for every dodgy invoice they find.

upvoted 0 times

Stephen

7 months ago

Definitely vendor invoices, that's where the real juicy stuff is.

upvoted 0 times

...

Lilli

7 months ago

Vendor invoice amounts

upvoted 0 times

...

Scarlet

8 months ago

I'm not sure, but I think bank account numbers could also be a good choice for Benford's Law analysis.

upvoted 0 times

...

Rebbecca

8 months ago

I agree with Junita, because Benford's Law is often used to detect fraud in financial data.

upvoted 0 times

...

Olga

8 months ago

Telephone numbers? Really? What, are we going to catch the fraudsters by their area codes? Vendor invoices all the way, baby!

upvoted 0 times

Melinda

7 months ago

Agreed, vendor invoices are the way to go

upvoted 0 times

...

Quentin

7 months ago

Definitely vendor invoice amounts

upvoted 0 times

...

Phung

7 months ago

Vendor invoice amounts

upvoted 0 times

...

Cletus

8 months ago

Bank account numbers? Nah, that's too obvious. Gotta go with employee IDs - you never know what kind of sneaky stuff people might be up to with their own data.

upvoted 0 times