ACFE Exam CFE 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:

ACheck disbursement

BBank confirmation

CBank confirmation

DCut-off statements

Show Suggested Answer

Suggested Answer: A

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

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Hyun

1 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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Sheridan

5 days ago

Sure, we can double-check the balance on the free checking account.

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Stephaine

2 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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Stefany

5 hours ago

C) Cut-off statements can also be used to verify outstanding checks.

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Thaddeus

1 days ago

B) Yes, you're right! Bank confirmation is the classic way to verify outstanding checks.

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Rosita

3 days ago

A) Check disbursement is also a test used to conduct for outstanding checks.

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Iluminada

6 days ago

D) Cut-off statements

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Dudley

17 days ago

C) Cut-off statements can also be used to verify outstanding checks written for a material amount.

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Gene

20 days ago

C) Bank confirmation

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Chi

24 days ago

B) Yes, you're right! Bank confirmation is the classic way to verify outstanding checks.

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Tayna

1 months ago

B) Bank confirmation

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Tiera

1 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

1 months ago

A) Check disbursement

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Raelene

2 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

2 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

1 months ago

C) Bank confirmation

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Brunilda

2 months ago

A) Check disbursement

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Naomi

2 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

2 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

2 months ago

I agree with Marg, because verifying supporting documentation on outstanding checks is related to check disbursement.

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Marg

2 months ago

I think it's A) Check disbursement.

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Kimberely

2 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

2 months ago

I agree with Ronny, because verifying supporting documentation on outstanding checks written is related to check disbursement.

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Ronny

2 months ago

I think it's A) Check disbursement.

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