ACFE CFE-Investigation Exam - Topic 2 Question 90 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 90
Topic #: 2

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:

AConduct discreet inquiries into Jones's responsibilities as an accounts payable clerk

BNotify management of the possibility that Jones has committed fraudulent acts.

CSearch Jones's mobile phone for evidence of misconduct

DAccuse Jones directly of having committed fraud.

Show Suggested Answer

Suggested Answer: D

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

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Teresita

5 months ago

Accusing her outright seems too harsh without solid proof.

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Ruby

5 months ago

I think discreet inquiries are the way to go here.

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Annmarie

5 months ago

Wait, just because she has a nice car doesn't mean she's committing fraud...

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Yuki

5 months ago

Definitely should notify management. Better safe than sorry!

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Maynard

6 months ago

Jones drives a sports car? That's a red flag.

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Stefan

6 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

6 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

6 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

6 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

6 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

6 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

6 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

7 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

7 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

7 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

12 months 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

12 months 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

10 months ago

C) Search Jones's mobile phone for evidence of misconduct

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Jamal

11 months ago

B) Notify management of the possibility that Jones has committed fraudulent acts.

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Shantell

11 months ago

A) Conduct discreet inquiries into Jones's responsibilities as an accounts payable clerk

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Chantay

12 months 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

11 months ago

I think notifying management is the best course of action in this situation.

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Truman

11 months ago

It's important to gather more information before making any accusations.

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Tomoko

11 months 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

12 months ago

I agree, accusing someone directly without proper evidence can have serious consequences.

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Cammy

12 months 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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