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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 days 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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Teri

3 days 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

9 days ago

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

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Raymon

14 days 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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Maryrose

15 days 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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Ciara

17 days 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

18 days ago

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

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Nidia

21 days ago

I think Arthur should cleanse and normalize the data first.

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