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Exam CFE - Investigation topic 1 question 29 discussion

Actual exam question from ACFE's CFE - Investigation
Question #: 29
Topic #: 1
[All CFE - Investigation Questions]

Talia has been hired by SBS Inc. to implement a new data analysis program to search for warning signs of potential fraud within the company. Which of the following steps should Talia conduct first to MOST effectively use data analysis techniques for such an initiative?

  • A. Cleanse and normalize the data.
  • B. Identify the relevant data.
  • C. Build a profile of potential frauds.
  • D. Monitor the data.
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Suggested Answer: D 🗳️
by raochavan at March 22, 2025, 9:34 p.m.

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raochavan
1 month, 1 week ago
Selected Answer: B
This is the MOST important first step. Before any analysis can be performed, Talia needs to determine which data sources and fields are relevant to the potential fraud schemes she's investigating. (Planning - Understand / Determine the data, Preparing, Testing / Analyzing, Post analyzing - make a report)
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