CPE QUIZ
No. 127 (July/August 2016, Vol. 31, No. 4)
For your convenience, individual quizzes no longer need to be submitted. Use the CPE Quiz Answer Form to record your answers
to quizzes (published in the last 24 months). Mail, fax or email the
CPE Quiz Answer Form and Payment Form for processing.
1. According to the article, “Immunize your organization,”
the author’s study:
A. Identified six general industry sectors.
B. Identified 15 related industry subsectors.
C. Identified several subsectors for the health care and nonprofit general industry sectors.
D. Used a database of 4,461 data breaches and more than
890 million compromised records reported by the PRCH.
2. According to the article, “Immunize your organization,”
national media outlets tend to report data breaches that
only have affected major national corporations and government agencies, so the public is unaware that the data
breach problem is much broader in scope.
A. True.
B. False.
3. According to the case in the article, “Dirty digital
dollars,” Western Express:
A. Was indicted in three separate instances.
B. Was acting as a check casher and money transmitter for
a Russian-speaking clientele based in Eastern Europe but
earning money within the U.S.
C. Was licensed by the state of New York to cash checks and
transmit money.
D. Conducted about $3 million business over five years,
which consisted of receiving and depositing checks on
behalf of their customers and transmitting those funds
overseas.
4. According to the article, “Dirty digital dollars”:
A. Western Express’ services were inexpensive for traditional
financial services.
B. In five years, $67 million in digital currency flowed through
the corporation.
C. The second indictment of Western Express — for money
laundering and related crimes — identified about $2 million as the proceeds of criminal activity.
D. Western Express customers based in the U.S. paid about a
7 percent commission to convert cash into digital currency.
5. According to “Top 10 factors leading to hotline distrust”:
A. Lack of fear is the primary determining factor as to
whether an employee will come forward with a concern.
B. Most whistleblowers have said they were glad they came
forward.
C. Mishandling of complaints and poor training of hotline
call takers and investigators can cause a Type III reporting
error.
D. Because local frontline management are rarely trained as
investigators they shouldn’t help determine if an employee concern has merit, is factual or warrants a full-fledged
investigation.
6. According to “Top 10 factors leading to hotline distrust,”
organizations’ best approach is to encourage employees
to report all issues with no hint of the risk of disciplinary
action.
A. True.
B. False.
7. According to the article, “Shell Shocked,” Bruce Dubinsky said:
A. “I’m not surprised by the Panama Papers’ revelations.
More of the same that I’ve seen for years.”
B. “CFEs need to know the characteristics of shell companies and money laundering red flags.”
C. “The last thing you want if you’re a hedge fund are the
regulators — or worse yet — law enforcement showing up
on your front step with subpoenas.”
D. “Global legislation only works if governments back it up
with intent and action.”
8. According to the article, “Shell Shocked,” Martin Kenney
said:
A. “Having access to a plentiful supply of anonymous companies is crucial for a fraud of this kind to be sustainable.”
B. “Mossack Fonseca should be severely prosecuted, but I
doubt that will happen.”
C. “Many have called for sanctions against offshore financial
centers, but most shell companies are legal.”
D. “Once the dust settles, we’ll see if the secrets revealed in
the Pentagon Papers make a dent in illegal shell companies.”
9. According to the interview article, “A passion for fighting corruption,” Alexandra Wrage said:
A. “Corruption isn’t merely measured in money lost but
deep-seated attitudes that affect others’ lives.”
B. “FIFA is a very seductive place. People arrive and are
enthralled by the place pretty quickly.”
C. “Fraud examiners — who are would-be whistleblowers
— should know that if they make the decision to report
problems they can have the backing of groups such as
ours.”
D. “I conduct this anti-corruption work for all those who have
lost their incomes and dignity.”
10.According to the interview article, “A passion for fighting
corruption,” Alexandra Wrage said “Efforts to reduce
bribery and increase commercial transparency really took
hold once there was a greater likelihood of enforcement
actions on one side and a better understanding of the
cost of bribery on the other.”
A. True.
B. False.
DO NOT SUBMIT THIS FORM. Fill out your full name,
ACFE member number and answers on the CPE Quiz
Answer Form ›