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ACFE CFE-Investigation Exam - Topic 5 Question 71 Discussion

Posted by Cecil on Jul 28, 2023 at 10:37 AM

Which of the following can be obtained from a wire transfer record?

Suggested Answer: D

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41 comments · newest first
NO
Noel 11 months ago
Customs port info? That's a no-go.
AS
Ashley 11 months ago
The type of money order? That's not right.
MI
Minna 12 months ago
Wait, can you really get the recipient's ID number from that?
AR
Arthur 12 months ago
Agree, the amount is always listed.
KR
Kris 12 months ago
You can definitely get the amount of the transfer.
LU
Luisa 1 year ago
I feel like the type of money order isn't relevant for wire transfers, but I could be wrong. The amount is definitely something you can find.
MA
Malissa 1 year ago
I'm a bit confused about the customs port of entry. I don't recall that being part of a wire transfer record.
FR
Freida 1 year ago
I remember practicing a question like this, and I think the recipient's government ID number is usually not included in the record.
YU
Yuki 1 year ago
I think the wire transfer record definitely includes the amount of the transfer, but I'm not sure about the other options.
DA
Daren 1 year ago
Okay, I've got this. The key is to identify the two capabilities that are now available with the Knowledge solution. I think options B and D are the correct answers.
VA
Val 1 year ago
I've reviewed the material on test reporting, I think I know the right approach here.
YO
Youlanda 1 year ago
I remember RDS supporting SQL Server, and I feel like PostgreSQL could be another choice.
BE
Benedict 1 year ago
I heard the answer is actually E) The name of the transfer agent's first-born child. Gotta catch those trick questions, am I right?
DY
Dylan 1 year ago
↳ replying to Benedict
C) The location of the customs port of entry for the transfer
LI
Ling 1 year ago
↳ replying to Benedict
B) The type of money order used to make the transfer
RI
Rikki 1 year ago
↳ replying to Benedict
A) The amount of the transfer in question
EL
Elmira 1 year ago
Wait, you're telling me a wire transfer record doesn't include the recipient's home address, favorite ice cream flavor, and their astrological sign? Preposterous!
WE
Wendell 1 year ago
↳ replying to Elmira
C) The location of the customs port of entry for the transfer
MI
Miesha 1 year ago
↳ replying to Elmira
B) The type of money order used to make the transfer
BA
Bambi 1 year ago
↳ replying to Elmira
A) The amount of the transfer in question
ME
Mel 1 year ago
C is the winner! I bet the customs port of entry is super relevant to a simple domestic wire transfer. Totally makes sense.
KA
Kayleigh 1 year ago
↳ replying to Mel
D) The recipient's government identification number
IS
Isreal 1 year ago
↳ replying to Mel
C) The location of the customs port of entry for the transfer
LU
Luis 1 year ago
↳ replying to Mel
B) The type of money order used to make the transfer
TA
Tamie 1 year ago
↳ replying to Mel
A) The amount of the transfer in question
CA
Carissa 1 year ago
↳ replying to Mel
D) The recipient's government identification number
CH
Christa 1 year ago
↳ replying to Mel
C) The location of the customs port of entry for the transfer
MA
Margurite 1 year ago
↳ replying to Mel
B) The type of money order used to make the transfer
AU
Augustine 1 year ago
↳ replying to Mel
A) The amount of the transfer in question
PE
Pete 2 years ago
B? Really? What does a money order have to do with a wire transfer? This question is a total mess.
SH
Shizue 2 years ago
D, of course. How else would they know who the recipient is? Wire transfers need that kind of personal info.
GE
Georgene 1 year ago
↳ replying to Shizue
A) The amount of the transfer in question
VI
Vincent 1 year ago
↳ replying to Shizue
D, of course. How else would they know who the recipient is? Wire transfers need that kind of personal info.
AL
Alpha 2 years ago
I'm not sure about that. I think it could also include D) The recipient's government identification number for security purposes.
LA
Laurel 2 years ago
I agree with Telma. The wire transfer record should definitely have the amount of the transfer.
LA
Lamonica 2 years ago
Definitely A. That's the whole point of a wire transfer record - to show the amount transferred.
GL
Glynda 1 year ago
↳ replying to Lamonica
No, you can't get the recipient's government ID number from a wire transfer record.
MA
Margarita 1 year ago
↳ replying to Lamonica
D) The recipient's government identification number
KI
Kindra 1 year ago
↳ replying to Lamonica
I agree, the amount is definitely one of the things you can obtain from a wire transfer record.
SH
Sherill 1 year ago
↳ replying to Lamonica
A) The amount of the transfer in question
TE
Telma 2 years ago
I think the answer is A) The amount of the transfer in question.
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