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Exam CFE - Investigation topic 1 question 130 discussion

Actual exam question from ACFE's CFE - Investigation
Question #: 130
Topic #: 1
[All CFE - Investigation Questions]

Which of the following sets of numbers would be MOST BENEFICIAL for a fraud examiner to use when conducting a Benford's Law analysis?

  • A. Telephone numbers
  • B. Bank account numbers
  • C. Employee identification numbers
  • D. Vendor invoice amounts
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Suggested Answer: D 🗳️
by vynyfulu at April 5, 2025, 12:54 p.m.

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_denw
1 week ago
Selected Answer: D
Benford’s Law is most effective when applied to naturally occurring numbers that span several orders of magnitude—like vendor invoice amounts. These types of numbers typically follow a predictable distribution of leading digits, making them ideal for detecting anomalies and potential fraud.
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