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CIPS Exam L5M2 Topic 1 Question 22 Discussion

Actual exam question for CIPS's L5M2 exam
Question #: 22
Topic #: 1
[All L5M2 Questions]

Fraud committed by an employee within a business is what type of risk?

Show Suggested Answer Hide Answer
Suggested Answer: D

The correct answer is 4 - the policy is 'comply or explain' - basically say which code you follow, or explain (publicly) why you're not following one. See p. 145 for more information on this


by Louvenia at Nov 24, 2023, 01:08 AM

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Matilda
1 months ago
Well, at least the answer options are creative. I'm going with A) internal risk, but kudos to the exam writer for throwing in some curve balls!
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Jesusita
4 days ago
I'm going with A) internal risk as well. It makes the most sense in this context.
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Florencia
8 days ago
I think it's A) internal risk too. The other options seem like distractions.
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Daisy
10 days ago
I agree, the answer options are interesting. I also chose A) internal risk.
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Beata
2 months ago
C) procurement risk? What does that even mean? I'm pretty sure employee fraud has nothing to do with procurement processes.
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Talia
2 days ago
That's correct, employee fraud falls under internal risk.
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Lavera
3 days ago
A) internal risk
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Madonna
4 days ago
No, employee fraud is not classified as an external risk.
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Alethea
6 days ago
B) external risk
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Amalia
8 days ago
Employee fraud is considered an internal risk within a business.
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Kati
17 days ago
A) internal risk
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Carmela
2 months ago
D) economic risk? Really? I don't see how employee fraud is an economic risk. That's a bit of a stretch, don't you think?
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Shaquana
2 months ago
Hmm, I'm not so sure. I was thinking it could be B) external risk since the employee is committing fraud from outside the business's internal controls.
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Janey
8 days ago
Yes, that's correct. Fraud committed by an employee is considered an external risk.
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Rusty
1 months ago
B) external risk
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Dominga
1 months ago
No, it's not internal risk.
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Ma
1 months ago
A) internal risk
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Bettina
2 months ago
I think the answer is clearly A) internal risk. Employee fraud is a classic example of an internal risk that a business faces.
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Cora
29 days ago
I agree, it's important for businesses to have measures in place to prevent internal risks like employee fraud.
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Taryn
1 months ago
Yes, you are correct. Employee fraud is definitely an internal risk.
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Daron
1 months ago
I agree, it's important for businesses to have measures in place to prevent internal risks like employee fraud.
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Johanna
1 months ago
Yes, you are correct. Employee fraud is definitely an internal risk.
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Dean
2 months ago
I think it could also be considered a procurement risk, as it involves the misuse of company resources.
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Lonna
2 months ago
I agree with Cherilyn, fraud by an employee is definitely an internal risk.
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Cherilyn
3 months ago
A) internal risk
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