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ACFE CFE-Investigation Exam - Topic 6 Question 24 Discussion

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

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?

Suggested Answer: D

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9 comments · newest first
KI
Kimbery 12 months ago
Duplicate testing seems off for this situation.
CA
Cassie 12 months ago
Not sure if correlation tells the whole story though.
YU
Yuette 1 year ago
Wait, why would Benford's Law be relevant here?
BR
Bronwyn 1 year ago
Totally agree, D is the way to go!
SH
Sherita 1 year ago
Correlation analysis is key for comparing expenses and travel!
BR
Brent 1 year 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.
HE
Helga 1 year 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.
DO
Doyle 1 year 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.
AL
Alpha 1 year 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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