[Jan 11, 2025] Get Latest and 100% Accurate CFE-Law Exam Questions
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The CFE-Law Exam is designed for legal professionals who want to specialize in fraud prevention and detection. CFE-Law exam covers a range of topics, including fraud schemes and scams, ethics and professional responsibility, legal elements of fraud, and financial transactions and fraud schemes. The CFE-Law Exam is a rigorous exam that requires candidates to have a deep understanding of fraud prevention and detection.
ACFE CFE-Law (Certified Fraud Examiner) certification exam is a specialized examination 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), a global organization that is dedicated to the prevention, detection, and deterrence of fraud.
NEW QUESTION # 47
To determine if a misrepresentation in the offer or sale of any securities is material a fraud examiner should answer which of the following questions?
- A. "Would a reasonable investor wish to know the information to make an informed decision?"
- B. "Did the person who made the representation believe that it was suitable for potential investors?"
- C. "Was the misrepresentation made by an authorized individual?"
- D. ''Did the person who made the representation intend to mislead potential investors?
Answer: A
NEW QUESTION # 48
Which of the following scenarios is an example of the criminal sanction known as criminal forfeiture?
- A. As part of her sentence for money laundering a defendant is sentenced to a three- to five-year term of incarceration
- B. As part of his sentence for tax evasion, a Defendant is ordered to pay a fine of $10,000 to the government
- C. As part of her sentence for bribery a defendant is ordered to transfer a car she received as a bribe to the government
- D. As part of his sentence for embezzlement, a defendant is ordered to pay back his employer for the money he stole.
Answer: C
NEW QUESTION # 49
During a bankruptcy bustout scheme, or planned bankruptcy, the debtor committing the fraud typically performs which of the following actions?
- A. Colludes with creditors and the trustee to pay some creditors but not ethers
- B. Purchases large quantities of goods on credit
- C. Bribes a trustee to overlook assets in the debtor's possession
- D. Conspires with suppliers to produce fraudulent invoices
Answer: B
NEW QUESTION # 50
Even if a government agent obtains consent to search by force duress or bribery, the consent will still constitute a valid waiver of the consenting party's right to be free from searches.
- A. False
- B. true
Answer: A
NEW QUESTION # 51
Dodd is a Certified Fraud Examiner (CFE) who works for Weathervane, a private company Dodd suspects that Burton a Weathervane employee has embezzled money from the company Dodd plans to conduct an internal investigation into the missing funds Based on these facts which of the following is the MOST ACCURATE statement?
- A. Burton likely has a duty to cooperate with the investigation as part of the employer-employee relationship
- B. Burton has a duty to cooperate with the investigation even if what is requested from him is not reasonable
- C. Burton can refuse to cooperate with the investigation because he has a fundamental right to remain silent
- D. Burton can refuse to cooperate with the investigation because he has a fundamental right to privacy
Answer: A
NEW QUESTION # 52
Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?
- A. An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdiction
- B. In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate
- C. In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactions
- D. An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates
Answer: B
NEW QUESTION # 53
Which of the following statements concerning fact finders in criminal trials in common law jurisdictions is MOST ACCURATE?
- A. A judge is typically responsible for factual findings
- B. The presence of a jury is always required to make factual findings in a common law criminal trial
- C. A panel of a professional judge and lay judges usually serves as the fact finder in serious cases
- D. Juries usually serve as the fact finder in serious cases
Answer: A
NEW QUESTION # 54
Which of the following is NOT a right of the accused under the United Nations' (UN) International Covenant on Civil and Political Rights (ICCPR)?
- A. Right to a trial by jury
- B. Right of the accused to be informed of criminal charges
- C. Freedom from arbitrary arrests
- D. Right to be presumed innocent until proven guilty
Answer: A
NEW QUESTION # 55
Which of the following statements regarding civil lawsuits in most jurisdictions is CORRECT?
- A. The plaintiff's initial filing with the court does not typically need to include the specific facts on which the claim relies.
- B. The plaintiffs initial filing does not typically need to contain a summary of the evidence
- C. All of the above are correct
- D. Civil lawsuits begin with the filing of a pleading, usually in the jurisdiction in which the defendant resides or where the claim arose
Answer: D
NEW QUESTION # 56
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?
- A. Intent to keep the communications confidential
- B. A lawsuit has been filed
- C. Communication between a legal advisor and a client
- D. Purpose of the communications was to seek or provide legal advice
Answer: B
NEW QUESTION # 57
Which of the following is the MOST ACCURATE statement about the circumstances under which a conflict of interest claim would be actionable against an agent?
- A. The agent must have purported to act on behalf of or as an agent for an identified principal
- B. The agent must have had an undisclosed interest m a matter that could influence their professional role
- C. The agent must have informed the principal of their actions
- D. The agent must have been authorized by someone with actual authority to carry out the transaction at issue
Answer: B
NEW QUESTION # 58
Which of the following examples of judicial systems would BEST be described as a civil law system?
- A. The courts are bound by both previous court decisions and codified principles or statutes
- B. The courts are bound primarily by previous court decisions to reserve legal issues
- C. The courts are bound by codified principles or statures but are not bound by previous court decisions
- D. The courts are allowed to consider both codified statutes and previous court decisions but are bound by neither
Answer: C
NEW QUESTION # 59
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?
- A. An independent insolvency representative
- B. The debtor, supervised by an independent insolvency representative
- C. The creditor with the largest claim against the debtor
- D. The jurisdiction's commerce department or equivalent agency
Answer: A
NEW QUESTION # 60
Evidence that tends to make some tact at issue more or less likely than it would be without the evidence is called:
- A. Relevant evidence
- B. Demonstrative evidence
- C. Circumstantial evidence
- D. Testamentary evidence
Answer: A
NEW QUESTION # 61
Which of the following is NOT a requirement of the European Union's (EU) General Data Protection Regulation (GDPR)?
- A. An organization must have a documented lawful basis for collecting or processing personal data.
- B. An organization generally must notify all affected data subjects without undue delay when a high-risk data breach occurs
- C. An organization must confirm or deny that it possesses a data subject's personal data upon that individual's request
- D. An organization must delete a data subject's personal data automatically when the data are no longer m use.
Answer: A
NEW QUESTION # 62
Which of the following statements about the International Organization of Securities Commissions (IOSCO) s TRUE?
- A. IOSCO is recognized as the international standard-setter for securities markets
- B. IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developing nations
- C. IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets
- D. IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets
Answer: A
NEW QUESTION # 63
Which of the following statements concerning alternative remittance systems is INCORRECT?
- A. The systems are characterized by a lack of physical or digital transfer of currency between payers and payees.
- B. The ledgers used typically contain information regarding payers and payees, such as names and account numbers.
- C. The systems are not necessarily illegal.
- D. Funds are sent and received without the use of traditional financial institutions.
Answer: C
NEW QUESTION # 64
Which of the following is the MOST ACCURATE statement about the UK Bribery Act?
- A. The UK Bribery Act only exercises jurisdiction over individuals and corporate entities for acts of corruption when the offense occurs outside the United Kingdom
- B. Unlike the FCPA. the UK Bribery Act makes it a crime to bribe a foreign public official in connection with international business transactions
- C. Even if an organization's anti-corruption program complies with the FCPA, it might not be sufficient for the purpose of complying with the UK Bribery Act
- D. Like the FCPA the UK Bribery Act contains an explicit exception for facilitating payments
Answer: C
NEW QUESTION # 65
In a particular country's judicial process, the judge oversees the investigation of a case is primarily responsible for questioning witnesses and generally plays a larger role in the evidence-gathering process than the parties' legal counsel Which of the following BEST describes this type of judicial process'?
- A. Adversarial process
- B. Inquisitorial process
- C. Substantive law process
- D. Common law process
Answer: A
NEW QUESTION # 66
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?
- A. The government relied on the false statement
- B. The defendant made a false statement
- C. The false statement was material
- D. The defendant knew the statement was false
Answer: A
NEW QUESTION # 67
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The CFE-Law certification is an essential credential for legal professionals who work in the field of fraud investigation and prevention. Certified Fraud Examiner certification provides legal professionals with the knowledge and skills needed to investigate and prevent fraud, and it is highly respected in the legal profession. If you are a legal professional who is interested in fighting fraud and white-collar crime, the CFE-Law certification is an excellent choice.
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