View All CFE-Law Actual Exam Questions, Answers and Explanations for Free
CFE-Law Exam Free Practice Test with100% Accurate Answers
The Association of Certified Fraud Examiners (ACFE) is an international organization that provides education and certification for professionals who specialize in fraud examination and prevention. One of the primary certifications offered by the ACFE is the Certified Fraud Examiner (CFE) certification. Certified Fraud Examiner certification is recognized globally and is highly regarded in the field of fraud prevention and investigation.
NEW QUESTION # 31
Greg is serving as an expert witness and is being cross-examined at trial. The questioning party gets Greg to state that he spent considerable time working on a certain issue in the case. Then the questioning party asks many questions on a tangential issue in the case that Greg knows little about. Which of the following describes the questioning party's method?
- A. Personal attack
- B. Sounding board
- C. Bias
- D. Myopic vision
Answer: D
Explanation:
This question tests your knowledge of Domain 9.
In the context of Civil Actions, specifically relating to trial, the question asks about the core concepts in this area.
The correct answer is A: Myopic vision.
This question focuses on civil action processes. The correct answer accurately describes civil litigation procedures, evidence preservation, or remedies available to fraud victims. Civil recovery is often an important component of fraud resolution. Expert witnesses provide specialized knowledge to help the fact finder understand complex issues. Their testimony must be relevant, reliable, and based on sufficient facts or data.
NEW QUESTION # 32
Grant, a fraud examiner is investigating Beatrice for embezzlement on his employer's behalf. During his investigation. Grant learns that Beatrice has cheated on her spouse and he tells several of Beatrice's coworkers about it Beatrice discovers that Grant revealed the unflattering (albeit true) information about her and decides to file a claim of defamation against Grant. Which of the following is the BEST explanation of why Beatrice will not win her defamation case?
- A. The communications to the subject's coworkers were privileged
- B. The statement was not printed and distributed
- C. The information was true
- D. The news was not communicated to enough people
Answer: C
Explanation:
This question tests your knowledge of Domain 10.
In the context of Basic Principles of Evidence, specifically relating to privilege, the question asks about it Beatrice discovers that Grant revealed the unflattering (albeit true) information about her and decides to file a claim of defamation against Grant, BEST.
The correct answer is A: The information was true.
This question tests knowledge of evidence principles. The correct answer correctly distinguishes between types of evidence, admissibility requirements, or evidentiary privileges. Proper handling of evidence is crucial for successful fraud investigations and prosecutions.
NEW QUESTION # 33
Which of the following statements regarding using front businesses as a method of laundering money is MOST ACCURATE?
- A. A front business that conducts legitimate business can provide cover for delivery and transportation related to illegal activity.
- B. Front businesses are a favored method because it is easy to match the costs associated with providing customers food, liquor, and entertainment with the revenues produced.
- C. Front businesses can often be detected because these businesses have a large number of customers during peak operating hours and high income.
- D. Bars, restaurants, and nightclubs are commonly used as front businesses because these venues tend to charge relatively low prices and customers rarely vary in their purchases.
Answer: A
Explanation:
This question tests your knowledge of Domain 5.
In the context of Money Laundering, specifically relating to front business, the question asks about MOST ACCURATE, using front businesses as a method of laundering money is MOST ACCURATE.
The correct answer is D: A front business that conducts legitimate business can provide cover for delivery and transportation related to illegal activity..
This question addresses money laundering concepts. The correct answer correctly identifies the stage, method, or regulatory framework related to money laundering or anti-money laundering efforts. Understanding these processes is critical for fraud examiners working to detect and prevent financial crimes.
NEW QUESTION # 34
The MOST COMMON bankruptcy fraud scheme is:
- A. A credit card bustout
- B. Concealment of assets
- C. A planned bustcut
- D. Forged filing
Answer: B
NEW QUESTION # 35
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
- A. Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification
- B. Lose the case because janessa did not leave the interview
- C. Win the case if he did not know the conduct was illegal
- D. Win the case because he is protected under the qualified business privilege
Answer: A
NEW QUESTION # 36
Which of the following scenarios is an example of the criminal sanction known as criminal forfeiture?
- A. As part of his sentence for tax evasion, a Defendant is ordered to pay a fine of $10,000 to the government
- B. As part of her sentence for bribery a defendant is ordered to transfer a car she received as a bribe to the government
- C. As part of his sentence for embezzlement, a defendant is ordered to pay back his employer for the money he stole.
- D. As part of her sentence for money laundering a defendant is sentenced to a three- to five-year term of incarceration
Answer: B
Explanation:
This question tests your knowledge of Domain 1.
In the context of Overview of the Legal System, specifically relating to criminal, the question asks about the core concepts in this area.
The correct answer is B: As part of her sentence for bribery a defendant is ordered to transfer a car she received as a bribe to the government.
This question relates to the legal system framework. Understanding the distinction between different legal systems and processes is crucial for fraud examiners. The correct answer accurately describes the relationship between different legal entities and their jurisdictions.
NEW QUESTION # 37
Which of the following can affect the rights that employees may have during an internal investigation?
- A. Existence of violation red flags
- B. Existence of interstate compacts
- C. Existence of fraud risk factors
- D. Existence of an employment contract
Answer: D
NEW QUESTION # 38
Calvin, an attorney, sends a letter that is protected by a legal professional privilege to Katrina, one of his clients. Upon receiving the letter, Katrina emails it to her coworker who has no need to know the information contained in the letter. Which of the following statements is MOST ACCURATE?
- A. The privilege might have been waived because Katrina transmitted the protected information to a third party who has no need to know the information.
- B. The privilege might have been waived because Katrina used email to transmit the protected information.
- C. The privilege was not waived because the legal professional privilege cannot be waived by transmitting protected information to a third party.
- D. The privilege was not waived by Katrina because the legal professional privilege belongs to the attorney, not the client.
Answer: A
Explanation:
This question tests your knowledge of Domain 10.
In the context of Basic Principles of Evidence, specifically relating to privilege, the question asks about MOST ACCURATE.
The correct answer is B: The privilege might have been waived because Katrina transmitted the protected information to a third party who has no need to know the information..
This question tests knowledge of evidence principles. The correct answer correctly distinguishes between types of evidence, admissibility requirements, or evidentiary privileges. Proper handling of evidence is crucial for successful fraud investigations and prosecutions.
NEW QUESTION # 39
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?
- A. Deferred prosecution agreement
- B. Determinate sentence
- C. Probation
- D. indeterminate sentence
Answer: C
NEW QUESTION # 40
Which of the following statements concerning judgments involving parties in multiple jurisdictions is MOST ACCURATE?
- A. If a party obtains a judgment in one jurisdiction, that party will automatically be able to enforce the judgment in any jurisdiction
- B. Whether a foreign judgment is enforceable always depends on where the defendant's assets are located
- C. If a party obtains a judgment in one jurisdiction, that party will automatically be able to enforce the judgment wherever the defendant resides
- D. Whether a foreign judgment is enforceable might depend on whether the two jurisdiction have an enforcement treaty
Answer: D
Explanation:
This question tests your knowledge of Uncategorized.
the question asks about MOST ACCURATE, judgments involving parties in multiple jurisdictions is MOST ACCURATE.
The correct answer is D: Whether a foreign judgment is enforceable might depend on whether the two jurisdiction have an enforcement treaty.
This question tests your understanding of key fraud examination concepts and legal principles.
NEW QUESTION # 41
Which of the following is NOT an element that is generally required to establish a claim alleging the common law civil wrong for intentional infliction of emotional distress?
- A. The defendant acted intentionally or recklessly.
- B. The victim's distress occurred for at least two years.
- C. The victim suffered distress due to the defendant's conduct.
- D. The defendant engaged in extreme and outrageous conduct.
Answer: B
Explanation:
This question tests your knowledge of Domain 1.
In the context of Overview of the Legal System, specifically relating to civil, common law, the question asks about NOT.
The correct answer is B: The victim's distress occurred for at least two years..
This question relates to the legal system framework. Understanding the distinction between different legal systems and processes is crucial for fraud examiners. The correct answer accurately describes the relationship between different legal entities and their jurisdictions.
NEW QUESTION # 42
Which of the following situations would constitute a violation of the US Foreign Corrupt Practices Act (FCPA)
- A. A private UK company transfers $25,000 to a Chilean public official to influence the award of lucrative overseas contracts.
- B. A private U.S company pays a S2.000 foreign corporation fee that is required in order to do business within the country
- C. A private U S company transfers $45,000 to a foreign official to influence the award of a public construction contract.
- D. A private U.S company transfers $100,000 to the sole proprietor of a Brazilian company to influence the award of a commercial imports contract.
Answer: C
Explanation:
This question tests your knowledge of Uncategorized.
the question asks about US, FCPA.
The correct answer is C: A private U S company transfers $45,000 to a foreign official to influence the award of a public construction contract..
This question tests your understanding of key fraud examination concepts and legal principles.
NEW QUESTION # 43
All of the following are common legal defenses for tax evasion EXCEPT:
- A. Mental illness of the taxpayer
- B. Death of the taxpayer
- C. The actions were tax avoidance not tax evasion
- D. The taxpayer s reliance on an attorney or accountant
Answer: B
Explanation:
This question tests your knowledge of Domain 6.
In the context of Tax Fraud, specifically relating to tax avoidance, tax evasion, the question asks about EXCEPT.
The correct answer is B: Death of the taxpayer.
This question focuses on tax fraud concepts. The correct answer distinguishes between legal tax avoidance and illegal tax evasion, or identifies specific tax evasion schemes. Tax fraud investigations require specialized knowledge of tax laws and common evasion techniques.
NEW QUESTION # 44
Raj is an employee who works in a jurisdiction that prohibits unreasonable workplace searches and surveillance in areas or items where employees have a reasonable expectation of privacy. In which of the following is Raj MOST LIKELY to have a reasonable expectation of privacy?
- A. A filing cabinet in the office lobby
- B. A company-issued tablet computer
- C. A backpack brought from home
- D. A waste bin m the employee's office
Answer: C
NEW QUESTION # 45
Which of the following is the MOST ACCURATE statement about the different types of alternative dispute resolution'?
- A. The agreements reached in mediations are generally nonbinding.
- B. In an arbitration proceeding the arbitrator acts as a judge or jury by deciding the dispute at issue on its merits
- C. In a mediation session, the mediator decides who should win the dispute at issue
- D. The decisions reached in all arbitrations are always binding
Answer: D
NEW QUESTION # 46
The concealment of assets occurs most commonly in which of the following types of fraud schemes?
- A. Income smoothing
- B. Fictitious revenues
- C. Payroll fraud
- D. Bankruptcy fraud
Answer: D
Explanation:
This question tests your knowledge of Domain 3.
In the context of Bankruptcy Fraud, specifically relating to bankruptcy, concealment of assets, the question asks about the core concepts in this area.
The correct answer is A: Bankruptcy fraud.
This question focuses on bankruptcy fraud concepts. The correct answer correctly identifies the relevant bankruptcy process, filing type, or fraud scheme. Understanding bankruptcy proceedings and the roles of various parties is essential for fraud examiners investigating these cases.
NEW QUESTION # 47
Which of the following statements concerning examinations of expert witnesses in most inquisitorial jurisdictions is accurate?
- A. The expert has the discretion to determine the scope of the examinations
- B. The parties determine the extent of consideration to be given to the expert's testimony
- C. The parties are often allowed to question the expert's methods and analysis
- D. The judge is not allowed to question the expert's credibility under any circumstance
Answer: C
NEW QUESTION # 48
All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:
- A. Oral examinations
- B. Injunctions
- C. Affidavits of documents or records
- D. Written examinations
Answer: B
NEW QUESTION # 49
IBC Manufacturing is a private company in a jurisdiction in which the public has the legal right to be free from unreasonable search and seizure by government authorities. An investigator at IBC searches the desk of Denise an IBC employee and finds illegal narcotics. The investigator seizes the narcotics and turns them over to members of law enforcement. The investigator violated Denises rights by failing to obtain a search warrant before conducting the search
- A. False
- B. True
Answer: B
Explanation:
This question tests your knowledge of Domain 7.
In the context of Individual Rights During Examinations, specifically relating to employee, the question asks about IBC.
The correct answer is A: True.
This question relates to individual rights during examinations. The correct answer accurately describes the legal protections, obligations, or privacy considerations that apply in workplace investigations. Fraud examiners must balance investigative needs with legal protections for individuals.
NEW QUESTION # 50
Which of the following is a legal element that the government must show to prove a cnminal conspiracy?
- A. The defendant knew the identity of all the participants in the conspiracy
- B. The conspirators accomplished the purpose of the conspiracy that was initially established
- C. One of the conspirators knowingly committed an oven act in furtherance of the conspiracy
- D. The defendant knew all the details or objectives of the conspiracy
Answer: D
Explanation:
This question tests your knowledge of Domain 2.
In the context of The Law Related to Fraud, specifically relating to conspiracy, the question asks about the core concepts in this area.
The correct answer is C: The defendant knew all the details or objectives of the conspiracy.
This question addresses fraud-related laws. The correct answer identifies the proper legal concept or violation that applies in the described scenario. Fraud examiners must understand these legal principles to properly identify and address fraudulent activities.
NEW QUESTION # 51
Which of the following statements concerning money services businesses (MSBs) is INCORRECT?
- A. A currency exchange is classified as an MSB.
- B. A check cashing company is classified as an MSB.
- C. MSBs tend to have a tower money laundering risk than other financial institutions.
- D. MSBs are generally less strictly regulated than traditional financial institutions.
Answer: D
Explanation:
This question tests your knowledge of Domain 5.
In the context of Money Laundering, specifically relating to money laundering, the question asks about money services businesses (MSBs) is INCORRECT, INCORRECT.
The correct answer is B: MSBs are generally less strictly regulated than traditional financial institutions..
This question addresses money laundering concepts. The correct answer correctly identifies the stage, method, or regulatory framework related to money laundering or anti-money laundering efforts. Understanding these processes is critical for fraud examiners working to detect and prevent financial crimes.
NEW QUESTION # 52
......
ACFE CFE-Law (Certified Fraud Examiner) Exam is a certification exam that is designed to test the knowledge and skills of individuals who are interested in pursuing a career in the field of fraud examination. CFE-Law exam is administered by the Association of Certified Fraud Examiners (ACFE), which is the world's largest anti-fraud organization.
CFE-Law dumps Free Test Engine Verified By It Certified Experts: https://www.lead2passexam.com/ACFE/valid-CFE-Law-exam-dumps.html
Realistic CFE-Law Accurate & Verified Answers As Experienced in the Actual Test!: https://drive.google.com/open?id=1kF6alpQFPtXabO0TG_aziZ7EB-yIM1oO