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Exam CFE - Investigation topic 1 question 163 discussion

Actual exam question from ACFE's CFE - Investigation
Question #: 163
Topic #: 1
[All CFE - Investigation Questions]

Which of the following is NOT true with regard to tracing the disposition of loan proceeds?

  • A. Tracing loan proceeds can identify the presence of internal control weaknesses.
  • B. Tracing loan proceeds can uncover previously hidden assets.
  • C. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts.
  • D. Tracing loan proceeds can determine if hidden accounts were used for loan payments.
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Suggested Answer: C 🗳️
by vynyfulu at April 5, 2025, 12:57 p.m.

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_denw
6 days, 14 hours ago
Selected Answer: D
transferred, not necessarily on identifying the source of funds used to make loan payments, such as from hidden accounts. That would require tracing payment sources, which is a different focus.
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