CFE – Investigation — Question 15

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?

Answer options

• A. Cleanse and normalize the data.
• B. Identify the relevant data.
• C. Build a profile of potential frauds.
• D. Monitor the data.

Correct answer: D

Explanation

The correct first step is to monitor the data, as this allows Talia to understand current patterns and anomalies before taking further actions. Simply cleansing or identifying data without prior monitoring may overlook existing fraud signs, while building profiles can only be effective with a foundational understanding of the data behaviors.