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ACFE CFE Exam - Topic 5 Question 82 Discussion

Which counts sometimes can give rise to inventory theft detection?
B) Physical inventory counts
A) Perpetual inventory counts
C) Concealment inventory counts
D) None of the above

ACFE CFE Exam - Topic 5 Question 82 Discussion

Actual exam question for ACFE's CFE exam
Question #: 82
Topic #: 5
[All CFE Questions]

Which counts sometimes can give rise to inventory theft detection?

Show Suggested Answer Hide Answer
Suggested Answer: B

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Timothy
8 months ago
Physical counts are the best way to catch theft, no doubt!
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Deonna
9 months ago
Totally agree, physical counts are essential too.
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Roosevelt
9 months ago
Perpetual inventory counts can help spot discrepancies!
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Keva
9 months ago
Wait, concealment inventory counts? Is that even a thing?
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Trinidad
9 months ago
I think none of these really cover theft detection.
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Tegan
9 months ago
I feel like "none of the above" could be a trick option, but I can't remember if any of these counts are specifically designed for theft detection.
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Sabra
10 months ago
Concealment inventory counts? I don't recall that term being used in our studies. Is that even a real thing?
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Annabelle
10 months ago
I remember practicing with physical inventory counts in class; they definitely seem like a good way to spot discrepancies that could indicate theft.
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Cheryll
10 months ago
I think perpetual inventory counts might help with detecting theft since they track inventory in real-time, but I'm not entirely sure.
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Ashlyn
10 months ago
Based on my understanding, physical inventory counts are the way to go for detecting potential theft. The other options like perpetual counts or concealment counts don't seem relevant here. I'm confident that B is the right answer.
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Sanda
11 months ago
I'm a bit confused by the options. Concealment inventory counts? I don't think that's a real thing. I'm leaning towards physical counts, but I want to make sure I understand the differences between the options.
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Alecia
11 months ago
Physical inventory counts seem like the most logical choice here. They involve a full, hands-on count of all inventory, which would be the best way to spot any missing items or discrepancies.
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Glenn
11 months ago
Hmm, I'm a little unsure on this one. I know perpetual counts are done regularly, but I'm not sure if they would necessarily detect theft. Let me think this through a bit more.
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Maira
11 months ago
I'm pretty sure the answer is B - physical inventory counts. That's the type of count that can uncover discrepancies and potential theft.
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Dorothy
12 months ago
I believe B) Physical inventory counts are also important for detecting theft.
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Joesph
1 year ago
Physical inventory counts, for sure! You can't hide those missing items when you have to physically count them.
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Junita
12 months ago
Physical inventory counts are definitely important for detecting inventory theft.
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Stefania
1 year ago
I agree with Nobuko, perpetual counts are more accurate.
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Nobuko
1 year ago
I think A) Perpetual inventory counts can help detect theft.
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