Discuss ACFE CFE-Investigation Exam Topic 3 Question 123

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

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.

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15 comments · newest first

Juliana 3 months ago

I feel confident about D. It's the most effective source.

Dean 3 months ago

B won't help at all. Stick with D!

Azalee 3 months ago

C is less relevant for financial statements.

Shanice 3 months ago

A could work too, but D is more reliable.

Kristeen 3 months ago

Agreed! They provide detailed financial info.

Kathryn 3 months ago

I think D is the best choice. Regulatory securities records are key.

Alline 4 months ago

C) Organizational filings is a decent option, but it won't have everything you need.

Dan 4 months ago

Really? I didn't know regulatory records were that comprehensive. Sounds too good to be true!

Joesph 4 months ago

Wait, are we sure about D? I thought civil litigation records might have some financial info.

Brett 5 months ago

I think A) Commercial filings could work too, but not as reliable.

Leana 6 months ago

Definitely go with D) Regulatory securities records. That's where all the good stuff is!

Markus 6 months 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.

Lucia 6 months 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.

Vivan 6 months ago

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

Nickolas 7 months ago

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

ACFE CFE-Investigation Exam - Topic 3 Question 123 Discussion