ACFE CFE Exam - Topic 2 Question 34 Discussion

Actual exam question for ACFE's CFE exam

Question #: 34
Topic #: 2

[All CFE Questions]

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___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.

AStatistical sampling

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Suggested Answer: D

by Refugia at Mar 30, 2023, 09:38 AM

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Armando

10 months ago

Interesting! I didn't know sampling could be so powerful.

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Myrtie

10 months ago

I've always found it effective for pinpointing issues.

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Karan

10 months ago

Wait, are we sure that's the best method?

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Ezekiel

11 months ago

Totally agree, it saves time and resources.

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Barney

11 months ago

Statistical sampling is super useful for audits!

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William

11 months ago

I’m leaning towards statistical sampling too, but I hope I’m not mixing it up with something else we covered!

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Chau

11 months ago

I’m a bit confused; could it also be non-statistical sampling? I feel like both terms were discussed in class.

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Una

11 months ago

I remember practicing a question similar to this, and I think it was definitely about sampling techniques.

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Jess

11 months ago

I think the answer might be statistical sampling, but I’m not entirely sure if that’s the right term for this context.

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Susana

11 months ago

This seems straightforward enough. I'll just need to carefully read through the information provided and select the appropriate answers from the drop-down menus.

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Dan

11 months ago

Okay, let's think this through step-by-step. The question is asking about valid statements regarding an approved supplier list, so I'll need to carefully evaluate each option.

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Loren

11 months ago

I think functional testing definitely involves verifying what the product does, so I feel like statement I is true.

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Slyvia

1 year ago

Statistical sampling, the perfect solution for the fraud examiner who's too lazy to read through every single document. I bet they can do it all in their sleep!

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Hester

1 year ago

I agree, it's a more efficient way to detect fraud

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Ceola

1 year ago

It definitely saves a lot of time and effort

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Roxane

1 year ago

Statistical sampling

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Sueann

1 year ago

Ah, yes, statistical sampling. A fancy way of saying 'let's take a peek at the highlights and hope for the best'. I'll remember that one for my next audit.

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Arlie

1 year ago

Exactly, it's a useful tool for fraud examiners

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Natalie

1 year ago

It helps save time and resources

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Gilbert

1 year ago

Statistical sampling

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Mollie

1 year ago

Statistical sampling, huh? I guess the fraud examiner's got a keen eye for the important stuff. Wonder if they use a dartboard to decide which documents to scrutinize.

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Kiley

1 year ago

True, it's a systematic approach to detecting fraud efficiently.

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Sheron

1 year ago

I doubt they use a dartboard, it's all about data and analysis.

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Jonell

1 year ago

Yeah, it allows them to analyze a smaller portion but still get accurate results.

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Lorriane

1 year ago

I think statistical sampling helps them focus on the most relevant documents.

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Alline

1 year ago

It's all about efficiency and accuracy in detecting fraudulent activities.

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Laquita

1 year ago

No dartboard needed, just strategic sampling to detect potential fraud.

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Reuben

1 year ago

It helps fraud examiners focus on important areas without having to review every single document.

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Melina

1 year ago

Statistical sampling is a method used to inspect key attributes on a smaller portion of documents.

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Jesse

1 year ago

Statistical sampling? Sounds like a great way to catch those sneaky fraudsters! I'm all for efficiency, but let's make sure we don't miss any of the juicy details.

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