ACFE CFE-Investigation Exam - Topic 3 Question 123 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 123
Topic #: 3

Marcus is trying to locate the financial statements of Acme Airlines, a multinational publicly traded corporation. Which of the following sources would be MOST EFFECTIVE for finding this information?

ACommercial filings

BCivil litigation records

COrganizational filings

DRegulatory securities records

Show Suggested Answer

Suggested Answer: D

''Securities regulators... require disclosures that typically include: corporate financial statements, identification of officers and directors, identification of significant owners... and a history of the business''10:2014 International Fraud Examiners Manual.pdfL73-L95.

Thus, regulatory securities records are the best source for financial statements.

by Rosalind at Apr 10, 2026, 04:33 PM

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Markus

3 days ago

I’m a bit torn between options A and D. I know regulatory is important, but commercial filings might have some useful data too.

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Lucia

8 days ago

I practiced a similar question where we had to choose between organizational filings and regulatory records. I think regulatory is the better choice here.

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Vivan

13 days ago

I feel like commercial filings could also have some relevant info, but they might not be as comprehensive as regulatory records.

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Nickolas

18 days ago

I think I remember that regulatory securities records are usually the go-to for financial statements, but I'm not entirely sure.

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