ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 76 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam

Question #: 76
Topic #: 4

[All CFE-Fraud-Prevention-and-Deterrence Questions]

Benjamin, a Certified Fraud Examiner (CFE). was contacted regarding an engagement to investigate a complex money laundering case spanning numerous international jurisdictions and involving multiple cutting-edge technologies. Benjamin had previously attended a seminar on investigating money laundering schemes, but he had no other training or experience in such cases. However, he accepted the engagement and chose to conduct the work himself. Benjamin's conduct would likely be a violation of the ACFE Code of Professional Ethics.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Rebecka at Jan 25, 2024, 03:18 AM

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Felicidad

8 days ago

Haha, Benjamin must have thought he could solve this case with his slick talking and a few Google searches. Bad move, my friend. The ACFE won't be amused.

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Lawrence

11 days ago

I agree with Adelle, the answer is True. Benjamin should have considered his lack of experience and sought help to ensure a thorough investigation.

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Nancey

12 days ago

I disagree, I believe the answer is False. Benjamin attended a seminar on investigating money laundering schemes, so he had some relevant training.

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Adelle

14 days ago

I think the answer is True because Benjamin should have sought additional training or assistance for such a complex case.

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Jesus

16 days ago

I agree, Benjamin's lack of relevant experience and training in money laundering investigations is a huge red flag. He's setting himself up for failure and potential liability.

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Basilia

2 days ago

A) True

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Vincent

16 days ago

I think this is a clear-cut violation of the ACFE Code of Professional Ethics. Benjamin should have declined the engagement or sought assistance from more experienced professionals.

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Lawana

17 days ago

True. Even though Benjamin attended a seminar, investigating such a complex case without proper experience could still be a violation of the ACFE Code of Professional Ethics.

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Jennie

19 days ago

False. Benjamin attended a seminar on investigating money laundering schemes, so he had some relevant training.

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Jacki

25 days ago

True. Benjamin should not have accepted the engagement without proper training or experience.

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