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ACFE CFE-Investigation Exam - Topic 1 Question 111 Discussion

Which of the following sets of numbers could a fraud examiner MOST LIKELY benefit from running a Benford's Law analysis on?
B) Vendor invoice amounts
A) Telephone numbers
C) Employee identification numbers
D) Bank account numbers

ACFE CFE-Investigation Exam - Topic 1 Question 111 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 111
Topic #: 1
[All CFE-Investigation Questions]

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

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Suggested Answer: B

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

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Gayla
7 months ago
I agree, B is the best choice here!
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Eden
7 months ago
I think D could work too, but not as well as B.
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Meaghan
8 months ago
Wait, can you really use Benford's Law on employee IDs? That seems odd.
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Lera
8 months ago
A is a no-go, those aren't random enough for analysis.
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Carlota
8 months ago
Definitely B, vendor invoice amounts are perfect for this!
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Edwin
8 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.
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Cammy
8 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.
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Bettina
9 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.
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Quentin
9 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.
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Pete
9 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.
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Lauran
9 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.
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Annice
9 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.
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Delpha
10 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.
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Jerilyn
1 year 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!'
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Dierdre
10 months ago
Vendor invoice amounts
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Jolene
10 months ago
Bank account numbers
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Tora
11 months ago
Vendor invoice amounts
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Shay
11 months ago
Bank account numbers
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Sanjuana
1 year 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.
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Stephen
11 months ago
Definitely vendor invoices, that's where the real juicy stuff is.
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Lilli
12 months ago
Vendor invoice amounts
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Scarlet
1 year ago
I'm not sure, but I think bank account numbers could also be a good choice for Benford's Law analysis.
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Rebbecca
1 year ago
I agree with Junita, because Benford's Law is often used to detect fraud in financial data.
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Olga
1 year ago
Telephone numbers? Really? What, are we going to catch the fraudsters by their area codes? Vendor invoices all the way, baby!
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Melinda
11 months ago
Agreed, vendor invoices are the way to go
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Quentin
12 months ago
Definitely vendor invoice amounts
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Phung
12 months ago
Vendor invoice amounts
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Cletus
1 year 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.
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Dorothy
12 months ago
C) Employee identification numbers
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Mitsue
12 months ago
B) Vendor invoice amounts
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Theron
1 year ago
A) Telephone numbers
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Mirta
1 year ago
Vendor invoice amounts for sure! Benford's Law is great for detecting anomalies in financial data, and that's where the real juicy fraud happens.
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Aaron
12 months ago
Running the analysis on bank account numbers might not be as useful for fraud detection.
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Jolanda
1 year ago
It's important to use tools like Benford's Law to catch those anomalies.
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Herschel
1 year ago
Running a Benford's Law analysis on vendor invoice amounts can help uncover any irregularities.
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Lauran
1 year ago
I agree, fraudsters often manipulate invoice amounts to commit fraud.
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Elbert
1 year ago
I agree, fraudsters often manipulate invoice amounts to commit fraud.
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Kate
1 year ago
Vendor invoice amounts are definitely a good choice for Benford's Law analysis.
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Marci
1 year ago
Vendor invoice amounts would definitely be the best choice for a Benford's Law analysis.
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Junita
1 year ago
I think vendor invoice amounts would be the best option.
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