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ACFE CFE Exam - Topic 3 Question 36 Discussion

Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
A) Check disbursement
B) Bank confirmation
C) Bank confirmation
D) Cut-off statements

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
8 months ago
Just to clarify, outstanding checks are usually linked to disbursement.
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Elliot
9 months ago
Really? I thought it was for cut-off statements.
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Valentin
9 months ago
Wait, isn't it more about bank confirmation?
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Shawnee
9 months ago
I agree, A is the right choice!
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Carlee
9 months ago
It's definitely related to check disbursement.
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Krystina
9 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
9 months ago
I feel like this is definitely about check disbursement, especially since it mentions outstanding checks.
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Tasia
9 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
10 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
10 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
10 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
10 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
10 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
10 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
10 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
1 year 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
1 year ago
Yeah, verifying outstanding checks is part of the check disbursement process.
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Simona
1 year ago
I think that falls under the test for bank confirmation.
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Sheridan
1 year ago
Sure, we can double-check the balance on the free checking account.
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Stephaine
1 year 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
1 year ago
D) Bank confirmation is definitely the way to go for verifying outstanding checks.
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Stefany
1 year ago
C) Cut-off statements can also be used to verify outstanding checks.
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Thaddeus
1 year ago
B) Yes, you're right! Bank confirmation is the classic way to verify outstanding checks.
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Rosita
1 year ago
A) Check disbursement is also a test used to conduct for outstanding checks.
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Iluminada
1 year ago
D) Cut-off statements
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Dudley
1 year ago
C) Cut-off statements can also be used to verify outstanding checks written for a material amount.
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Gene
1 year ago
C) Bank confirmation
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Chi
1 year ago
B) Yes, you're right! Bank confirmation is the classic way to verify outstanding checks.
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Tayna
1 year ago
B) Bank confirmation
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Tiera
1 year ago
A) Check disbursement is also a test used to conduct for outstanding checks written for a material amount.
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Eve
1 year ago
A) Check disbursement
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Raelene
1 year 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
1 year 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
1 year ago
C) Bank confirmation
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Brunilda
1 year ago
A) Check disbursement
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Naomi
1 year 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
1 year ago
A) Check disbursement? Doesn't that seem a bit too obvious? I'm going with C) Bank confirmation.
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Lea
1 year ago
I agree with Marg, because verifying supporting documentation on outstanding checks is related to check disbursement.
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Marg
1 year ago
I think it's A) Check disbursement.
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Kimberely
1 year 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
1 year ago
I agree with Ronny, because verifying supporting documentation on outstanding checks written is related to check disbursement.
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Ronny
1 year ago
I think it's A) Check disbursement.
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