Real ACFE CFE-Law Exam Questions - Certified Fraud Examiner

Real ACFE CFE-Law Exam Questions – Certified Fraud Examiner

Jonnie Karnath2023-06-26T07:32:08+00:00

Certified Fraud Examiner (CFE) is a globally recognized certification that validates the expertise and knowledge of fraud investigation professionals. To achieve this certification, individuals need to pass the CFE-Law exam, which covers various topics such as fraud prevention and deterrence, financial transactions, and legal issues. If you are planning to take the CFE-Law exam, it is essential to prepare thoroughly. One way to do this is by practicing with CFE-Law real exam questions. Certspots offers a comprehensive collection of CFE-Law exam questions and answers that are updated regularly to reflect the latest exam trends and content. By practicing with real ACFE CFE-Law exam questions from Certspots, you can increase your chances of passing the exam and become a certified fraud examiner. So, start preparing today and ace your CFE-Law exam with confidence!

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1. Greta is convicted of white-collar crime. However, her sentence is suspended in return for her promise of good behavior .

Which of the following BEST describes Greta's sentence?

Determinate sentence

Probation

indeterminate sentence

Deferred prosecution agreement

2. Which of the following is NOT one of the elements that the government must prove to establish a violation of a law criminalizing false statements to government agencies?

The government relied on the false statement

The defendant knew the statement was false

The defendant made a false statement

The false statement was material

3. Which of the following is NOT one of the elements that the government must prove to establish a violation of a law criminalizing false statements to government agencies?

The government relied on the false statement

The defendant knew the statement was false

The defendant made a false statement

The false statement was material

4. In jurisdictions that allow for corporate criminal liability which of the following is typically required for the corporation to be vicariously liable for the acts of one of its employees?

Management was directly involved with the offense

Management knew of the underlying offense but did not correct it

The corporation had previous violations of a similar nature

The employee was acting within the scope of their employment

5. Ellis works for a business that filed for bankruptcy. The administrator presiding over the bankruptcy contacts Ellis and requests information regarding his employer's financial affairs Assuming the administrator has all of the powers recommended in the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles) which of the following is TRUE?

The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.

The administrator has no power to obtain the information under any circumstances

The administrator may compel Ellis to provide the information despite Ellis's relationship to the business

The administrator may not obtain the information unless the business agrees in writing

6. Which of the following statements concerning examinations of expert witnesses in most inquisitorial jurisdictions is accurate?

The expert has the discretion to determine the scope of the examinations

The judge is not allowed to question the expert's credibility under any circumstance

The parties determine the extent of consideration to be given to the expert's testimony

The parties are often allowed to question the expert's methods and analysis

7. During an internal investigation Todd a Certified Fraud Examiner (CFE) interviewed Janessa a fraud suspect Although Janessa wanted to leave in the middle of the interview, Todd blocked the exit and prevented her from leaving Janessa subsequently confessed to committing fraud If under these facts Janessa files a lawsuit (or false imprisonment against Todd, Todd will likely

Win the case because he is protected under the qualified business privilege

Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification

Lose the case because janessa did not leave the interview

Win the case if he did not know the conduct was illegal

8. Which of the following is a red flag that an entity is operating a security business without the proper license or registration?

The entity's website contains detailed background information.

There is an unexplained absence of customer complaints against the entity.

There are justified gaps in the work history of promoters at the entity

The agents working at the entity have criminal records.

9. In most civil law systems, the burden of proof for the government to convict a defendant in a criminal case is beyond a reasonable doubt.

True

False

10. In most countries employers must provide notice to their employees before they implement an employee monitoring program

True

False

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11. Which of the following is NOT an element generally required to establish a claim alleging the common law avil wrong for intentional infliction of emotional distress?

The defendant acted intentionally or recklessly

The victim was an employee of the defendant

The victim suffered distress as a result of the defendants conduct

The defendant engaged in extreme and outrageous conduct

12. A prosecutor died criminal charges against Rosa calming that she stole Juan's personal information and sold his identity on the dark web Juan wants to file a civil lawsuit against Rosa to recover damages arising from the identity theft Can Juan file the civil action before the criminal action against Rosa is completed?

Yes, the evil action can be filed if the jurisdiction permits parallel proceedings.

No, the civil action cannot be filed if the jurisdiction prohibits counterclaims.

Yes, the evil action can be filed if the jurisdiction permits analogous cairns.

No, the civil action cannot be filed if the jurisdiction prohibits double jeopardy.

13. Which of the following statements concerning alternative remittance systems is INCORRECT?

The systems are not necessarily illegal.

Funds are sent and received without the use of traditional financial institutions.

The systems are characterized by a lack of physical or digital transfer of currency between payers and payees.

The ledgers used typically contain information regarding payers and payees, such as names and account numbers.

14. Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which of the following parties should administer the debtor's estate in liquidation bankruptcy proceedings?

The jurisdiction's commerce department or equivalent agency

The creditor with the largest claim against the debtor

The debtor, supervised by an independent insolvency representative

An independent insolvency representative

15. The Financial Action Task Force (FATF) Recommendations advise countries to do all of the following EXCEPT:

Use a risk-based approach when setting anti-money laundering policies

Require financial institutions to keep certain records and establish anti-money laundering policies.

Require financial institutions to monitor their customers' political affiliations.

Enable authorities to trace freeze, and confiscate assets suspected in money laundering and terrorist financing

16. Each day, Rachel purchases $14 500 in bearer instruments with cash from a bank where all currency transactions above 515,000 must be reported to the government Rachets actions are a red flag of which of the following schemes'?

Channel stuffing

Alternative remittance system

Structuring

Real estate laundering

17. All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:

Affidavits of documents or records

Written examinations

Injunctions

Oral examinations

18. A business files for bankruptcy with the goal of obtaining relief from creditors so that it can rearrange its financial affairs and continue as a going concern .

Which of the following describes this type of bankruptcy proceeding?

Reorganization bankruptcy

Debt adjustment bankruptcy

Debt dismissal bankruptcy

Liquidation bankruptcy

19. Smith, a Certified Fraud Examiner (CFE). works for the ABC Company, a private entity that operates w a jurisdiction with civil laws for defamation, invasion of privacy. and conflict of interest Smith seizes and searches the personal smartphone of Green an employee of ABC even though Green was not suspected of any wrongdong Assuming that Green had a reasonable expectation of privacy in the smartphone and Smith conducted the search without a legitmate interest or authority, under which of the following claims would Green MOST LIKELY be able to recover damages against Smith?

Slander

Intrusion into Green's private matters

Public disclosure of private facts

Conflict of interest

20. Which of the following statements concerning the appointment of expert witnesses at that is accurate?

Generally, the court appoints the primary expert witnesses in inquisitorial jurisdictions.

Generally, only the parties may select expert witnesses in inquisitor jurisdictions

Generally the court selects the primary expert witnesses in adversarial jurisdictions

Generally, only the parties may select experts to introduce testimony in adversarial jurisdictions

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21. Which of the following would be direct evidence that the criminal defendant a former cashier for a home improvement store committed a cash larceny scheme that resulted n the theft of more than $5 000 from the store?

A diagram is used to display the location of the store's registers

A witness testifies that they saw the defendant take the money

A witness testifies that the defendant was almost always the last cashier to leave the store

A coworker testifies that the defendant was acting nervously the day the money was taken

22. Evidence that tends to make some tact at issue more or less likely than it would be without the evidence is called:

Circumstantial evidence

Testamentary evidence

Demonstrative evidence

Relevant evidence

23. During a bankruptcy bustout scheme, or planned bankruptcy, the debtor committing the fraud typically performs which of the following actions?

Colludes with creditors and the trustee to pay some creditors but not ethers

Bribes a trustee to overlook assets in the debtor's possession

Conspires with suppliers to produce fraudulent invoices

Purchases large quantities of goods on credit

24. Which of the following typically does NOT have to be present for communications between an attorney and the attorney's client to be protected by a legal professional privilege?

Purpose of the communications was to seek or provide legal advice

A lawsuit has been filed

Intent to keep the communications confidential

Communication between a legal advisor and a client

25. In most civil law systems, which of the following parties typically serves as the fact finder in criminal proceedings?

judge

A jury

A panel comprised of laypersons

A panel of court-appointed attorneys

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