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ACFE CFE-Investigation Exam - Topic 6 Question 24 Discussion

Max The controller of XYZ Company, noticed that the company's hotel expenses increased substantially from the prior year. He wants to check to see if this is reasonable by comparing hotel expenses from both years to the number to that XYZ's employees traveled. Which of the following date analysis function would be the most useful In helping Max analyze these two variables?
D) Correlation analysis
A) Benford's Law analysts
B) Verifying mutinies of a number
C) Duplicate testing

ACFE CFE-Investigation Exam - Topic 6 Question 24 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 24
Topic #: 6
[All CFE-Investigation Questions]

Max The controller of XYZ Company, noticed that the company's hotel expenses increased substantially from the prior year. He wants to check to see if this is reasonable by comparing hotel expenses from both years to the number to that XYZ's employees traveled. Which of the following date analysis function would be the most useful In helping Max analyze these two variables?

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Suggested Answer: D

by Merilyn at May 05, 2022, 12:21 AM

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Kimbery
10 months ago
Duplicate testing seems off for this situation.
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Cassie
10 months ago
Not sure if correlation tells the whole story though.
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Yuette
11 months ago
Wait, why would Benford's Law be relevant here?
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Bronwyn
11 months ago
Totally agree, D is the way to go!
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Sherita
11 months ago
Correlation analysis is key for comparing expenses and travel!
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Brent
11 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the different factors that can be included in financial statement schemes.
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Helga
11 months ago
Okay, I think the key is that it's describing a document that outlines the processes and control points. That makes me think flowchart is the best answer.
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Doyle
11 months ago
Hmm, I'm a bit unsure about this one. The options cover a range of potential purposes, so I'll need to think it through carefully to determine the correct answer.
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Alpha
11 months ago
This seems like a straightforward question about the level of detail needed for solution analysis. I'll carefully read through the options and think about the key considerations.
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