CIPS L3M2 Exam - Topic 4 Question 44 Discussion

Actual exam question for CIPS's L3M2 exam

Question #: 44
Topic #: 4

The act of secretly and illegally stealing funds which have been placed in the individual's trust, or money belonging to a person's employer:

AFraud

DEmbezzlement

CBribery

BExtortion

Show Suggested Answer

Suggested Answer: D

This is a definition of embezzlement.

The other terms shown as possible answers are also part of the syllabus for this subject.

by Lezlie at Jan 22, 2026, 07:52 AM

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Nettie

15 hours ago

Exactly! Trust is key in finance. Embezzlement breaks that trust.

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Timothy

6 days ago

I feel like they want us to understand trust and responsibility.

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Vincent

11 days ago

Yeah, definitely. It's a serious crime.

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Lelia

16 days ago

This question is tricky. I think it's about embezzlement.

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Kenneth

2 months ago

I disagree, some might justify it in desperate situations.

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Paulene

2 months ago

It's a serious breach of trust for sure.

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Maryln

2 months ago

Wait, people actually do this? Sounds risky!

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Sharen

3 months ago

Totally illegal, no question about it.

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Vernice

3 months ago

That's called embezzlement!

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Herminia

3 months ago

Embezzlement? I'd never do that. I'm as honest as Abe Lincoln himself!

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Mitsue

3 months ago

Embezzlement, duh. I'm already planning my tropical vacation with the stolen funds.

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Carlene

3 months ago

Embezzlement, obviously. Can't wait to try this out at work!

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Isidra

3 months ago

Embezzlement, hands down. I could do that in my sleep.

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Dierdre

4 months ago

This one's a no-brainer! Gotta be embezzlement.

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Freeman

4 months ago

I recall something about fiduciary duties in relation to this topic. It’s tricky, though; I hope I remember the definitions correctly!

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Onita

4 months ago

Embezzlement definitely fits, but I’m confused about the specifics. Wasn't there a case study we discussed that involved a trust?

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Hortencia

5 months ago

I'm not entirely sure, but it sounds like it could also relate to fraud. There was a similar question in our last mock exam.

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Felicidad

5 months ago

I think this is about embezzlement, right? I remember practicing a question on that last week.

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Makeda

5 months ago

Ugh, I'm a little fuzzy on the nuances of this definition. I'll review my notes and try to piece together the key points.

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Pamella

5 months ago

Alright, I've got a good handle on what this is asking. I'll focus on clearly explaining the core aspects of the crime.

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Ailene

5 months ago

Whoa, this is a pretty heavy topic. I'll need to make sure I cover all the important details without getting too wordy.

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Cathrine

6 months ago

Okay, I recognize this as the legal term for embezzlement. I'll make sure to use that specific word in my answer.

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Rozella

6 months ago

Hmm, this seems like a tricky one. I'll need to think carefully about the key elements of the definition and how to structure my response.

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