ACFE CFE-Investigation Exam - Topic 3 Question 91 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 91
Topic #: 3

If your suspect is spending suspected illicit funds on consumables (e.g.. travel and entertainment) and you need to prove their illicit income circumstantially, which of the following methods of tracing assets would yield the BEST result?

Aexpenditures method

BThe consumables method

CThe income method

DThe asset method

Show Suggested Answer

Suggested Answer: D

by Marshall at Jul 06, 2024, 05:00 AM

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Lakeesha

3 months ago

I’m not convinced the asset method is relevant in this scenario.

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Cordelia

3 months ago

Wait, can the consumables method really prove anything? Sounds sketchy.

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Ronnie

4 months ago

Totally agree, expenditures method makes the most sense here!

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Harrison

4 months ago

Really? I thought the income method would be better.

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Telma

4 months ago

Expenditures method is often the most effective for tracing illicit funds.

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Carman

4 months ago

I recall discussing the asset method in class, but it feels like it might not directly address the spending aspect as well as the expenditures method would.

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Penney

5 months ago

The consumables method sounds relevant since it directly relates to the suspect's spending habits, but I wonder if it’s comprehensive enough to prove illicit income.

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Jestine

5 months ago

I'm not entirely sure, but I remember a practice question where the income method seemed to be more effective in proving illicit funds. Maybe it could apply here too?

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Alishia

5 months ago

I think the expenditures method might be the best choice here since it focuses on how the suspect is spending their money, which could help link their lifestyle to illicit income.

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Amina

5 months ago

The asset method might be worth considering as well. If we can identify any assets the suspect has acquired that don't align with their known income, that could be a strong piece of circumstantial evidence. I'll have to weigh the pros and cons of each approach.

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Gregg

5 months ago

The income method seems like the most straightforward way to go. If we can trace the suspect's income sources, that could directly link them to the illicit funds. I'm leaning towards that as the best option.

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Nana

5 months ago

Hmm, I'm a bit unsure about this one. The consumables method seems like it could work, but I'm not entirely confident that it would yield the best result. I'll need to think this through a bit more.

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Gilberto

5 months ago

I think the expenditures method would be the best approach here. Tracking the suspect's spending on travel and entertainment could help us build a circumstantial case for their illicit income.

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Marshall

5 months ago

Okay, I know classification models are evaluated differently than regression models. True positive rate sounds like the right metric for this question.

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Barney

5 months ago

This question seems straightforward, but I want to make sure I understand the NMHPA requirements correctly before selecting an answer.

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Macy

10 months ago

Hmm, the expenditures method sounds like the way to go. I bet the suspect's spending habits will give them away faster than a speeding bullet. Pow!

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Sherell

8 months ago

Let's start with the expenditures method and see where that leads us. We can always explore other methods if needed.

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Carey

8 months ago

The income method might also be useful to see if their reported income matches up with their spending.

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Makeda

8 months ago

I think focusing on their consumption patterns will definitely help us build a case against them.

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Bulah

9 months ago

I agree, the expenditures method seems like the most direct way to track their spending.

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Benton

10 months ago

The asset method, huh? I guess they want us to go all Sherlock Holmes on this one and trace the suspect's hidden assets. Good luck with that!

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Erasmo

9 months ago

Yeah, I agree. It would provide a more direct link to their illicit income.

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Cherry

9 months ago

I think the income method would be the best option.

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Glory

9 months ago

Good luck with that!

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Keva

9 months ago

D) The asset method

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Ronny

9 months ago

C) The income method

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Ceola

9 months ago

B) The consumables method

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Johnson

9 months ago

A) expenditures method

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Emiko

10 months ago

Ah, the classic income method. Always a reliable choice when you're trying to catch a sneaky suspect. This is a no-brainer!

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Rhea

10 months ago

B) The consumables method? Seriously? That's not even a real thing. I'm starting to doubt the credibility of this exam.

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Truman

10 months ago

The expenditures method seems like the way to go here. If the suspect is spending a lot on travel and entertainment, that's a clear indication of illicit income.

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