ACFE Exam CFE-Investigation Topic 3 Question 72 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 72
Topic #: 3

Arnold, a Certified Fraud Examiner (CFE) for Integra Wealth, learns that Elizabeth, an accounts payable clerk, recently purchased an expensive ski boat Arnold also knows that Elizabeth recently purchased a vacation home on a nearby lake Arnold has sufficient predication to:

ANotify management of the possibility that Elizabeth has committed fraudulent acts

BSearch Elizabeth's mobile phone for evidence of misconduct.

CAccuse Elizabeth directly of having committed fraud

DConduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk

Show Suggested Answer

Suggested Answer: C

by Theodora at Aug 06, 2023, 12:12 PM

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Jina

1 months ago

Ooh, look at Mr. Moneybags over here, buying a ski boat and a vacation home! Must be nice. But seriously, D is the right call. Gotta do that discreet inquiry thing, you know?

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Lucy

24 hours ago

I think so too. Jumping to conclusions could cause more harm than good.

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Sabine

11 days ago

Yeah, definitely agree. It's important to investigate quietly first.

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Lindsey

2 months ago

C? Accuse Elizabeth directly? What is this, a courtroom drama? Arnold needs to keep his cool and follow the proper procedures. D is the sensible choice.

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Dorsey

6 days ago

Exactly, accusing someone directly without proper evidence is not the way to go.

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Chauncey

14 days ago

D) Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk

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Carlee

17 days ago

A) Notify management of the possibility that Elizabeth has committed fraudulent acts

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Nohemi

2 months ago

Haha, B? Really? Searching someone's phone without their consent? That's a lawsuit waiting to happen! D is definitely the way to go.

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Nobuko

1 months ago

D) Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk

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Tegan

2 months ago

A) Notify management of the possibility that Elizabeth has committed fraudulent acts

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Derick

2 months ago

I'm going with A. If Arnold has sufficient predication, he should notify management of the possibility of fraud. We don't want to jump to conclusions without proper investigation.

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