CFE – Fraud Prevention and Deterrence — Question 25

If a Certified Fraud Examiner (CFE) engaged in an illegal activity but did not know at the time that the activity was illegal, Article II of the ACFE Code of Professional Ethics will protect the fraud examiner from legal liability.

Answer options

• A. True
• B. False

Correct answer: B

Explanation

The correct answer is B; the ACFE Code of Professional Ethics does not provide protection for CFEs who engage in illegal activities, even if they are unaware of the illegality. Ignorance of the law is generally not a valid defense against legal liability.