ACFE CFE-Investigation Exam - Topic 6 Question 24 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 24
Topic #: 6

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?

ABenford's Law analysts

BVerifying mutinies of a number

CDuplicate testing

DCorrelation analysis

Show Suggested Answer

Suggested Answer: D

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

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Kimbery

4 months ago

Duplicate testing seems off for this situation.

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Cassie

4 months ago

Not sure if correlation tells the whole story though.

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Yuette

5 months ago

Wait, why would Benford's Law be relevant here?

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Bronwyn

5 months ago

Totally agree, D is the way to go!

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Sherita

5 months ago

Correlation analysis is key for comparing expenses and travel!

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Brent

5 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

5 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

5 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

5 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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