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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.

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Suggested Answer: B

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

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Phil
2 months ago
Wow, Benjamin really jumped in over his head on this one. I hope he has a good lawyer on speed dial, because the ACFE is not going to be happy about this.
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Yen
9 days ago
It's important to always consider ethical guidelines and professional standards in these situations.
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Lynelle
23 days ago
He should have consulted with more experienced colleagues or sought additional training.
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Vincent
1 months ago
Benjamin should have considered his lack of experience before accepting the engagement.
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Felicidad
2 months 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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Dyan
2 months ago
He should have referred the case to someone with more experience in investigating money laundering schemes.
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Denise
2 months ago
Benjamin should have known better than to take on a case he wasn't qualified for.
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Suzi
2 months ago
He should have referred the case to someone with more experience in investigating money laundering schemes.
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Coleen
2 months ago
Benjamin should have known better than to take on a case he wasn't qualified for.
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Lawrence
2 months 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
2 months 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
2 months 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
2 months 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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Avery
21 days ago
Benjamin's decision to conduct the work himself without the necessary experience is definitely a violation of the ACFE Code of Professional Ethics.
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Lawana
1 months ago
B) False
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Lewis
2 months ago
I agree, Benjamin should have sought out additional training or expertise before taking on such a complex case.
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Basilia
2 months ago
A) True
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Vincent
3 months 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
3 months 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
3 months ago
False. Benjamin attended a seminar on investigating money laundering schemes, so he had some relevant training.
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Jacki
3 months ago
True. Benjamin should not have accepted the engagement without proper training or experience.
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