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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Wava

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

6 days 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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Rene

11 days 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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Karon

16 days ago

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

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Sina

16 days 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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Jaclyn

19 days ago

I agree with Micaela, computer-assisted audit techniques can help quantify fraud impact.

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Micaela

22 days ago

I think the answer is B) computer-assisted audit techniques.

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