ACFE CFE-Investigation Exam - Topic 3 Question 72 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 72
Topic #: 3

Arnold, a Certified Fraud Examiner (CFE) for Integra Wealth, learns that Elizabeth, an accounts payable clerk, recently purchased an expensive ski boat Arnold also knows that Elizabeth recently purchased a vacation home on a nearby lake Arnold has sufficient predication to:

ANotify management of the possibility that Elizabeth has committed fraudulent acts

BSearch Elizabeth's mobile phone for evidence of misconduct.

CAccuse Elizabeth directly of having committed fraud

DConduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk

Show Suggested Answer

Suggested Answer: C

by Theodora at Aug 06, 2023, 12:12 PM

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Jacki

3 months ago

I think discreet inquiries are the way to go here.

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Kami

4 months ago

Wait, how do we know she can afford all that?

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Tiara

4 months ago

Definitely should notify management about this!

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Barrie

4 months ago

Sounds suspicious, but we need more proof first.

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Francene

4 months ago

Elizabeth bought a ski boat and a vacation home? That's a lot!

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Christoper

5 months ago

Accusing her directly seems risky. I recall a case study where jumping to conclusions backfired. We should gather more information first.

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Coral

5 months ago

I feel like searching her mobile phone might be too invasive without proper authorization. We should follow protocol, right?

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Joseph

5 months ago

I'm not entirely sure, but I remember something about needing more evidence before taking any drastic actions. Maybe discreet inquiries would be safer?

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Ellsworth

5 months ago

I think the best option is to notify management about the possibility of fraud. It seems like the right step based on what we learned about predication.

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Olive

5 months ago

I've got a good feeling about this one. Based on my understanding, the configuration change in the bound network should override the template configuration. But I'll double-check to make sure.

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Larue

5 months ago

I'm pretty confident it's option B. The write throughput of a single partition is likely the cause of the 403 error.

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Donte

5 months ago

Title 18 is the one! I remember learning that in my criminal law class. That's the title that lays out all the federal criminal statutes.

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Carissa

5 months ago

Alright, I'm going to approach this methodically. I'll read each option carefully, consider the key details, and try to eliminate the ones that don't seem quite right.

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Jina

10 months ago

Ooh, look at Mr. Moneybags over here, buying a ski boat and a vacation home! Must be nice. But seriously, D is the right call. Gotta do that discreet inquiry thing, you know?

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Vallie

9 months ago

Absolutely, better to gather all the facts before taking any action.

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Lucy

9 months ago

I think so too. Jumping to conclusions could cause more harm than good.

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Sabine

9 months ago

Yeah, definitely agree. It's important to investigate quietly first.

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Lindsey

10 months ago

C? Accuse Elizabeth directly? What is this, a courtroom drama? Arnold needs to keep his cool and follow the proper procedures. D is the sensible choice.

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Dorsey

9 months ago

Exactly, accusing someone directly without proper evidence is not the way to go.

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Chauncey

9 months ago

D) Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk

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Carlee

9 months ago

A) Notify management of the possibility that Elizabeth has committed fraudulent acts

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Nohemi

11 months ago

Haha, B? Really? Searching someone's phone without their consent? That's a lawsuit waiting to happen! D is definitely the way to go.

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Nobuko

10 months ago

D) Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk

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Tegan

10 months ago

A) Notify management of the possibility that Elizabeth has committed fraudulent acts

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Derick

11 months ago

I'm going with A. If Arnold has sufficient predication, he should notify management of the possibility of fraud. We don't want to jump to conclusions without proper investigation.

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