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ACFE Exam CFE-Investigation Topic 3 Question 65 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 65
Topic #: 3
[All CFE-Investigation Questions]

Talia has been hired by SBS Inc. to implement a new data analysis program to search for warning signs of potential fraud within the company. Which of the following steps should Talia conduct first to MOST EFFECTIVELY use data analysis techniques for such an initiative?

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Suggested Answer: A

by Kayleigh at Feb 26, 2023, 06:52 PM

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Viva
5 days ago
Definitely C. You can't just start monitoring the data without first making sure it's clean and organized. That's the foundation for any good data analysis project.
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Danilo
12 days ago
But shouldn't Talia also cleanse and normalize the data to ensure accuracy?
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Boris
16 days ago
Hmm, I think the answer is C. Cleansing and normalizing the data is crucial before you can even start analyzing it for potential fraud.
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Dorinda
3 days ago
I agree, cleaning and normalizing the data is definitely the first step.
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Marsha
23 days ago
I agree with Joni. Without the relevant data, the analysis won't be effective.
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Joni
24 days ago
I think Talia should first identify the relevant data.
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