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?

Ainternal risk

Bexternal risk

Cprocurement risk

Deconomic risk

Show Suggested 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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Carmela

14 hours 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

3 days 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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