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ACFE CFE-Investigation Exam - Topic 2 Question 54 Discussion

Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?
D) An entity needs to find hidden relationships In big data that otherwise would not be discovered
A) An attorney wants to evaluate an experts financial report.
B) An employer wants to know If an employee is falsifying regulatory reports.
C) A victim of fraud wants to facilitate the recovery of criminal proceeds

ACFE CFE-Investigation Exam - Topic 2 Question 54 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 54
Topic #: 2
[All CFE-Investigation Questions]

Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?

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Suggested Answer: D

by Eun at Jul 27, 2022, 06:49 PM

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Otis
7 months ago
Not sure if that's the best reason, though.
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Berry
7 months ago
Hidden relationships in big data? That sounds complicated!
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Effie
7 months ago
Totally agree, especially for recovering stolen funds!
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Ilona
8 months ago
Really? I thought they just did audits.
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Nelida
8 months ago
A fraud examiner can help trace illicit transactions.
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Shawna
8 months ago
I recall a practice question about attorneys needing expert evaluations, so option A seems plausible, but I feel like it’s not the primary reason for engaging a fraud examiner.
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Blair
8 months ago
I think option D is interesting because it mentions big data. We talked about how fraud examiners can uncover hidden patterns, but I’m not sure if that’s the main reason.
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Karl
8 months ago
I'm not entirely sure, but I feel like option C could be a strong reason too. Victims often need help recovering losses, right?
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Selma
8 months ago
I remember discussing how fraud examiners can help in cases where there's suspicion of employee misconduct, like falsifying reports. So, I think option B makes sense.
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Nidia
8 months ago
I'm pretty confident the answer is B. GO Bonds, or general obligation bonds, are a common way for local governments to raise funds and refinance existing debt. Commercial banks would be involved in issuing these types of bonds.
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Janessa
8 months ago
Option D is interesting, but I'm not sure I want to rely on interactive command-line answers during the exam. I think creating a response file is the safer and more reliable approach.
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An
8 months ago
This seems straightforward. I think the answer is to create a scheduled task to remove an instance at 00:00 every night.
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Arlen
8 months ago
I'm a little confused by this question. The options seem to cover different aspects of managing requirements changes, but I'm not sure which one is the best answer based on the book. I'll have to re-read that section to make sure I understand it properly.
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