AGA Exam CGFM Topic 4 Question 41 Discussion

Actual exam question for AGA's CGFM exam

Question #: 41
Topic #: 4

[All CGFM Questions]

Which of the following is a forensic technique used to quantify the impact of fraud?

Atest of controls

Bcomputer-assisted audit techniques

Cdata integrity

Dbenchmarking

Show Suggested Answer

Suggested Answer: D

by Hubert at Mar 09, 2024, 05:22 PM

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Verdell

29 days ago

I'm torn between B) and D), but I think B) is the way to go. Auditors love their fancy computer tools, so that's gotta be the forensic technique they use.

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Grover

2 days ago

I think B) computer-assisted audit techniques is the best choice. Auditors rely on technology for fraud detection.

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Wava

1 months ago

A) test of controls is my pick. Evaluating the effectiveness of internal controls can provide insights into the potential for fraud and its magnitude.

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Frederic

2 days ago

B) computer-assisted audit techniques can also be useful in quantifying the impact of fraud by analyzing large amounts of data efficiently.

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Georgiann

26 days ago

A) test of controls is my pick. Evaluating the effectiveness of internal controls can provide insights into the potential for fraud and its magnitude.

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Kristian

1 months ago

I'm not sure, but I'm leaning towards C) data integrity. Ensuring the accuracy and completeness of financial data is crucial in detecting and quantifying fraud.

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Dortha

9 days ago

B: I agree, using technology to analyze large amounts of data can help uncover suspicious patterns.

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Leonard

21 days ago

A: I think B) computer-assisted audit techniques could also be useful in quantifying fraud.

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Rene

2 months ago

D) benchmarking seems like a reasonable choice to me. Comparing the organization's performance to industry standards could reveal unusual deviations that may indicate fraudulent activity.

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Lamar

24 days ago

B) computer-assisted audit techniques can help in analyzing large amounts of data quickly to identify potential fraudulent transactions.

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Carolann

1 months ago

A) test of controls could also be useful in detecting fraud by evaluating the effectiveness of internal controls.

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Karon

2 months ago

I'm not sure, but I think data integrity could also be used to quantify fraud impact.

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Sina

2 months ago

I think the correct answer is B) computer-assisted audit techniques. These techniques are commonly used in forensic accounting to analyze large data sets and identify patterns of fraud.

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