Benjamin, a Certified Fraud Examiner CFE, was contacted regarding an engagement to investigate a complex money laundering case spanning numerous international jurisdictions and involving different types of technologies. Benjamin had previously attended a seminar on investigating money laundering schemes, but he had no other training or experience. However, he accepted the engagement and chose to conduct the work himself. Which of the following is TRUE regarding Benjamin's conduct?

• A.Benjamin's conduct would be a violation of the ACFE Code of Professional Ethics only if he also violated applicable banking regulations.
• B.Benjamin's conduct would be a violation of the ACFE Code of Professional Ethics.
• C.Benjamin's conduct would be a violation of the ACFE Code of Professional Ethics only if he failed to find evidence of fraud.
• D.Benjamin's conduct would not be a violation of the ACFE Code of Professional Ethics.

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Cho, an internal auditor, and Pierre, a sales manager, have had several disagreements about the sales tactics used by Pierre's team. Cho has just been told that she will lead the company's fraud risk assessment. During the fraud risk assessment, Cho should:

• A.Automatically designate the sales function as a high-risk area.
• B.Request that someone else perform the fraud risk assessment work that is related to the sales function's activities.
• C.Confront Pierre about the disagreements and discuss how they increase the company's risk of fraud.
• D.Include her disagreements with Pierre as a factor when assessing the risk of fraud in the sales function.

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Which of the following is NOT one of the three general approaches used to control corporate crime?

• A.Withdrawal of financial institution funding
• B.Strong intervention of the government
• C.Consumer action to force change
• D.Voluntary changes in corporate attitudes and structure

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ABC. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that ABC is subject to?

• A.ABC must comply with specific listing standards for the stock exchange(s) on which it is listed
• B.ABC is required to comply with G20/OECD Principles of Corporate Governance
• C.ABC is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions
• D.ABC is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.

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The findings in the 2020 Report to the Nations include which of the following?

• A.The most commonly reported red flag displayed by fraud perpetrators prior to the detection of their crime is complaints about management.
• B.Mote occupational frauds are committed by men than by women
• C.The median losses caused by executives are lower than those caused by staff-level employees
• D.The majority of fraudsters have been previously punished by an employer for a fraud-related offense

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