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ACFE Exam CFE-Investigation Topic 4 Question 107 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 107
Topic #: 4

[All CFE-Investigation Questions]

Management at Oak Company has asked Arthur, an internal auditor, to implement a data analysis program to search for warning signs of potential fraud within the company. Which of the following steps should Arthur conduct first to MOST effectively use data analysis techniques for such an initiative?

AAnalyze the data.

BCleanse and normalize the data

CBuild a profile of potential frauds.

DObtain the data.

Show Suggested Answer

Suggested Answer: A

by Kristal at Mar 06, 2025, 09:18 PM

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Tresa

2 months ago

Forget the data, let's just go with our gut instinct! I bet Ciara can smell a fraud a mile away.

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Shalon

1 days ago

D) Obtain the data.

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Kati

2 days ago

C) Build a profile of potential frauds.

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Cordelia

2 months ago

B) Cleanse and normalize the data

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Coral

2 months ago

A) Analyze the data.

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Teri

2 months ago

Hmm, I'm not so sure. Analyzing the data first might give us a better sense of what we're dealing with, you know?

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Youlanda

2 months ago

But wouldn't building a profile of potential frauds help in identifying the right data to analyze?

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Raymon

2 months ago

Building a profile of potential frauds sounds like a great idea! That'll help us target our search more effectively.

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Freeman

2 months ago

C) Build a profile of potential frauds.

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Tambra

2 months ago

B) Cleanse and normalize the data

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Estrella

2 months ago

A) Analyze the data.

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Maryrose

2 months ago

I think cleansing and normalizing the data is the way to go. Gotta make sure the data is clean and consistent, you know?

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Tasia

24 days ago

D) Obtain the data.

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Sheridan

1 months ago

C) Build a profile of potential frauds.

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Beata

2 months ago

B) Cleanse and normalize the data

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Honey

2 months ago

A) Analyze the data.

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Ciara

3 months ago

Obviously, I need to obtain the data first before I can analyze or do anything else. This is a no-brainer!

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Brice

3 months ago

I agree with Nidia. Cleansing and normalizing the data is crucial for accurate analysis.

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Nidia

3 months ago

I think Arthur should cleanse and normalize the data first.

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