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ACFE CFE Exam - Topic 3 Question 36 Discussion

Actual exam question for ACFE's CFE exam
Question #: 36
Topic #: 3
[All CFE Questions]

Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:

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Suggested Answer: A

by Malinda at May 25, 2023, 04:16 AM

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Lovetta
4 months ago
Just to clarify, outstanding checks are usually linked to disbursement.
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Elliot
4 months ago
Really? I thought it was for cut-off statements.
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Valentin
4 months ago
Wait, isn't it more about bank confirmation?
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Shawnee
5 months ago
I agree, A is the right choice!
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Carlee
5 months ago
It's definitely related to check disbursement.
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Krystina
5 months ago
I’m a bit confused; I thought outstanding checks were more related to bank confirmations, but now I’m second-guessing myself.
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Mitzie
5 months ago
I feel like this is definitely about check disbursement, especially since it mentions outstanding checks.
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Tasia
5 months ago
I remember practicing a question like this, and I think it was about bank confirmations, but it could also be related to cut-off statements.
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Mila
5 months ago
I think verifying supporting documentation for outstanding checks relates to check disbursement, but I'm not entirely sure.
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Valda
5 months ago
This seems like a tricky one, but I'm confident I can figure it out. I'll draw on my knowledge of the Standards and think through the implications of each scenario.
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Catarina
5 months ago
I think the default gateway is crucial for connecting to the Internet, but I'm not entirely sure.
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Christiane
5 months ago
Hmm, I'm not totally sure about this one. I know VLANs have something to do with segmenting the network, but I'm not confident which specific benefit the question is asking about.
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Soledad
5 months ago
I think option C sounds familiar. Didn't we practice scenarios where security features are more about the access layer rather than core?
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Felicitas
5 months ago
I'm a bit confused by this question. Shouldn't the behavior analyst be able to complete the functional assessment independently? I'm not sure if collaborating with the whole team is always necessary. I'll have to review my notes on best practices for school-based behavior analysis.
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Carisa
5 months ago
I'm pretty confident about this one. The question is asking about when ASME Section VIII started addressing brittle fracture, so I'll need to think about the history of that code and when it was updated.
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Hyun
10 months ago
Hey, as long as we're verifying those outstanding checks, can we double-check the balance on the free checking account? Just asking for a friend, you know.
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Isaac
8 months ago
Yeah, verifying outstanding checks is part of the check disbursement process.
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Simona
8 months ago
I think that falls under the test for bank confirmation.
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Sheridan
9 months ago
Sure, we can double-check the balance on the free checking account.
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Stephaine
10 months ago
B) Bank confirmation, for sure. That's the classic way to verify those outstanding checks, right? Or am I just too much of a banking nerd?
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Gianna
9 months ago
D) Bank confirmation is definitely the way to go for verifying outstanding checks.
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Stefany
9 months ago
C) Cut-off statements can also be used to verify outstanding checks.
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Thaddeus
9 months ago
B) Yes, you're right! Bank confirmation is the classic way to verify outstanding checks.
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Rosita
9 months ago
A) Check disbursement is also a test used to conduct for outstanding checks.
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Iluminada
9 months ago
D) Cut-off statements
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Dudley
9 months ago
C) Cut-off statements can also be used to verify outstanding checks written for a material amount.
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Gene
9 months ago
C) Bank confirmation
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Chi
9 months ago
B) Yes, you're right! Bank confirmation is the classic way to verify outstanding checks.
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Tayna
10 months ago
B) Bank confirmation
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Tiera
10 months ago
A) Check disbursement is also a test used to conduct for outstanding checks written for a material amount.
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Eve
10 months ago
A) Check disbursement
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Raelene
10 months ago
D) Cut-off statements? Really? I think I'm going to need to double-check my accounting textbook on this one.
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Maddie
11 months ago
C) Bank confirmation seems like the clear winner here. Gotta love those cut-off statements, but they're not the focus of this question.
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Kayleigh
10 months ago
C) Bank confirmation
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Brunilda
10 months ago
A) Check disbursement
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Naomi
11 months ago
I'm not sure, but I think it could also be D) Cut-off statements, as it involves timing of transactions.
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Geraldo
11 months ago
A) Check disbursement? Doesn't that seem a bit too obvious? I'm going with C) Bank confirmation.
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Lea
11 months ago
I agree with Marg, because verifying supporting documentation on outstanding checks is related to check disbursement.
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Marg
11 months ago
I think it's A) Check disbursement.
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Kimberely
11 months ago
I'm not sure, but I think it could also be D) Cut-off statements, as it involves timing of transactions.
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Owen
11 months ago
I agree with Ronny, because verifying supporting documentation on outstanding checks written is related to check disbursement.
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Ronny
11 months ago
I think it's A) Check disbursement.
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