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ACFE CFE-Investigation Exam - Topic 2 Question 90 Discussion

Smith, a Certified Fraud Examiner (CFE) for the Ajax Co.. observes Jones, an accounts payable clerk, driving an expensive sports car to work. Smith also has knowledge that Jones recently had extensive remodeling done on her residence. Smith has sufficient predication to:
D) Accuse Jones directly of having committed fraud.
A) Conduct discreet inquiries into Jones's responsibilities as an accounts payable clerk
B) Notify management of the possibility that Jones has committed fraudulent acts.
C) Search Jones's mobile phone for evidence of misconduct

ACFE CFE-Investigation Exam - Topic 2 Question 90 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 90
Topic #: 2
[All CFE-Investigation Questions]

Smith, a Certified Fraud Examiner (CFE) for the Ajax Co.. observes Jones, an accounts payable clerk, driving an expensive sports car to work. Smith also has knowledge that Jones recently had extensive remodeling done on her residence. Smith has sufficient predication to:

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Suggested Answer: D

by Elmer at Jul 01, 2024, 07:13 AM

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Teresita
9 months ago
Accusing her outright seems too harsh without solid proof.
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Ruby
9 months ago
I think discreet inquiries are the way to go here.
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Annmarie
10 months ago
Wait, just because she has a nice car doesn't mean she's committing fraud...
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Yuki
10 months ago
Definitely should notify management. Better safe than sorry!
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Maynard
10 months ago
Jones drives a sports car? That's a red flag.
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Stefan
10 months ago
I definitely think option D is out of the question. Accusing someone directly without solid proof could lead to serious issues. We need to be careful about how we approach this.
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Doretha
11 months ago
I'm a bit confused about option C. Searching someone's mobile phone seems too invasive without more evidence. I feel like we need to gather more information first.
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Sherill
11 months ago
I remember a practice question where we had to decide on the right course of action with similar circumstances. I think conducting discreet inquiries, like option A, could be a good starting point too.
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Leota
11 months ago
I think the best option might be B, notifying management. It seems like the right step when there's enough suspicion, but I'm not entirely sure if that's the only thing we should do first.
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Kent
11 months ago
I think the key here is to gather more information before taking any drastic action. Option A seems like the best way to start, and then we can decide how to proceed from there.
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Fabiola
11 months ago
Hmm, I'm a bit unsure here. I want to make sure I have enough evidence before accusing anyone, so I might start with option A and do some discreet inquiries first.
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Maurine
11 months ago
This seems like a straightforward fraud case, so I'd go with option B and notify management right away.
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Lynette
11 months ago
Option C is tempting, but I don't think we can just search someone's phone without their consent. That could get us in trouble. I'd stick to the more conservative options like A or B.
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Kirk
11 months ago
Hmm, I'm a bit unsure about this one. The question mentions factors like market location and shipping costs, so I'm not sure if the center-of-gravity method is the right answer. I might need to review my notes on the different facility location techniques.
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Andrew
11 months ago
I'm a bit unsure about this one. Is the binary log the only log that tracks database changes, or are there other options? I'll need to think this through carefully.
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Vinnie
1 year ago
Looks like Jones is living the dream, or maybe the nightmare. Either way, I'd pick option B and let the big boss handle this one. Fraud investigations can be a real headache.
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Shawn
1 year ago
Someone's got a lead foot and a green thumb! I'd go with option C and search that phone. You never know what kind of shady business might be hiding in there.
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Yolando
1 year ago
C) Search Jones's mobile phone for evidence of misconduct
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Jamal
1 year ago
B) Notify management of the possibility that Jones has committed fraudulent acts.
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Shantell
1 year ago
A) Conduct discreet inquiries into Jones's responsibilities as an accounts payable clerk
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Chantay
1 year ago
Hmm, I'd say option A is the way to go. Discreet inquiries could uncover more details before jumping to conclusions. Can't be too careful with these things.
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King
1 year ago
I think notifying management is the best course of action in this situation.
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Truman
1 year ago
It's important to gather more information before making any accusations.
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Tomoko
1 year ago
I agree, conducting discreet inquiries is a good first step.
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Ceola
1 year ago
Whoa, that sports car though! Jones must be living the high life. I'd go with option D and confront them directly. Fraud is no joke!
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Shanda
1 year ago
I agree, accusing someone directly without proper evidence can have serious consequences.
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Cammy
1 year ago
I think it's best to start with discreet inquiries first before jumping to conclusions.
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Miss
1 year ago
I believe notifying management of the possibility of fraud is the best course of action to take.
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Tabetha
1 year ago
I agree with Rodney, it's important to gather more information before jumping to conclusions.
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Rodney
1 year ago
I think we should conduct discreet inquiries into Jones's responsibilities.
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Trina
1 year ago
Option B seems the most appropriate. As a CFE, Smith should report the suspicious activities to management and let them conduct a proper investigation.
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Eve
1 year ago
Definitely. Reporting to management is the right way to go.
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Carlton
1 year ago
That's a good point. It's important to handle these situations carefully.
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Vilma
1 year ago
B) Notify management of the possibility that Jones has committed fraudulent acts.
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Fabiola
1 year ago
A) Conduct discreet inquiries into Jones's responsibilities as an accounts payable clerk
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