Get CFE-Law Actual Free Exam Q&As to Prepare for Your ACFE Certification
ACFE Actual Free Exam Questions And Answers
To obtain the CFE-Law certification, candidates must meet certain eligibility requirements and pass a rigorous exam. Eligibility requirements include a minimum of a bachelor's degree, at least two years of professional experience in a related field, and adherence to the ACFE's code of ethics. The CFE-Law exam consists of four sections covering fraud prevention and deterrence, financial transactions and fraud schemes, investigation, and legal elements of fraud.
To be eligible to take the CFE-Law Certification Exam, candidates must hold a law degree or have completed a certain number of law-related courses. They must also have at least two years of professional experience in the field of fraud prevention and detection. Once they have met these requirements, candidates can register for the exam and prepare for it using study materials provided by the ACFE.
NEW QUESTION # 54
Which of the following is NOT an element that must be proven to establish a penury offense?
- A. The defendant made the statement with knowledge of its falsity
- B. The defendant made a false statement that was material
- C. The defendant made a false statement white under oath.
- D. The defendant made a false statement in a court of law.
Answer: D
NEW QUESTION # 55
Which of the following statements is MOST ACCURATE regarding cross-examination of witnesses in adversarial systems?
- A. The general rule is for opposing counsel to cross-examine all witnesses to ensure that important details are not missed by the fact finder
- B. If opposing counsel asks an overly complex question during cross-examination, witnesses should ask for the question to be rephrased
- C. If an expert witness's opinion is at risk of being distorted during cross-examination, the expert should avoid answering the question
- D. The primary purpose of cross-examination is for opposing counsel to discover information previously unknown to opposing counsel.
Answer: B
NEW QUESTION # 56
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. Myopic vision
- B. Sounding board
- C. Bias
- D. Personal attack
Answer: A
NEW QUESTION # 57
Which of the following statements concerning civil trials in common law jurisdictions is MOST ACCURATE?
- A. Neither side may appeal an adverse judgment in a civil case
- B. in most civil cases, the standard of proof is the preponderance of the evidence
- C. Civil jury trials must have the same number of jurors as in criminal jury trials.
- D. Jury verdicts m civil trials must always be unanimous
Answer: D
NEW QUESTION # 58
The Financial Action Task Force (FATF) Recommendations advise countries to do all of the following EXCEPT:
- A. Use a risk-based approach when setting anti-money laundering policies
- B. Require financial institutions to keep certain records and establish anti-money laundering policies.
- C. Enable authorities to trace freeze, and confiscate assets suspected in money laundering and terrorist financing
- D. Require financial institutions to monitor their customers' political affiliations.
Answer: D
NEW QUESTION # 59
The MOST COMMON bankruptcy fraud scheme is:
- A. A credit card bustout
- B. A planned bustcut
- C. Forged filing
- D. Concealment of assets
Answer: D
NEW QUESTION # 60
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?
- A. The administrator may compel Ellis to provide the information despite Ellis's relationship to the business
- B. The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.
- C. The administrator may not obtain the information unless the business agrees in writing
- D. The administrator has no power to obtain the information under any circumstances
Answer: A
NEW QUESTION # 61
Which of the following is NOT required for a contract transaction or scheme to be classified as an investment contract?
- A. Profits derived solely from the investor's management activity
- B. The expectation of making a profit
- C. investment m a common enterprise
- D. An investment of money or other asset
Answer: A
NEW QUESTION # 62
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?
- A. The employee was acting within the scope of their employment
- B. Management knew of the underlying offense but did not correct it
- C. Management was directly involved with the offense
- D. The corporation had previous violations of a similar nature
Answer: A
NEW QUESTION # 63
Which of the following statements regarding the qualifications of expert witnesses in most inquisitorial jurisdictions is CORRECT?
- A. Experts are generally prohibited from serving as expert witnesses in multiple cases
- B. An excerpt is not qualified to testify unless all parties to the litigation approve
- C. Certification in a specific field is always enough to qualify an expert
- D. The qualification of an expert is generally based on standardized requirements
Answer: D
NEW QUESTION # 64
Which of the following is TRUE in regard to authenticating evidence in most common law systems?
- A. The purpose of authentication is to ensure that hearsay is not admitted into evidence
- B. For evidence to be authenticated it must be reviewed and voted on by a jury
- C. Digital records cannot be authenticated by testimony from a witness with personal knowledge
- D. Exhibits that cannot be authenticated will not be admitted regardless of relevance
Answer: A
NEW QUESTION # 65
Bob receives a memorandum from his attorney that is protected by a legal professional privilege Bob emails the memorandum to a third party who has no need to know the information in the memorandum Which of the following statements is MOST ACCURATE?
- A. Bob might have waived the privilege because he transmitted the protected information to a third party who has no need to know the information
- B. Bob might have waived the privilege because he used email to transmit the protected information.
- C. Bob did not walve the privilege because the legal professional privilege belongs to the attorney, not the client
- D. Bob did not waive the privilege because the legal professional privilege cannot be waived by transmitting protected information to a third party
Answer: A
NEW QUESTION # 66
The Financial Action Task Force (FATF) Recommendations slate that a financial institution s customer due diligence (COD) procedures should include continued monitoring of a customer's business relationships and transactions.
- A. False
- B. True
Answer: B
NEW QUESTION # 67
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. Common law process
- C. Inquisitorial process
- D. Substantive law process
Answer: A
NEW QUESTION # 68
All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:
- A. Written examinations
- B. Injunctions
- C. Oral examinations
- D. Affidavits of documents or records
Answer: B
NEW QUESTION # 69
Which of the following examples of judicial systems would BEST be described as a civil law system?
- A. The courts are allowed to consider both codified statutes and previous court decisions but are bound by neither
- B. The courts are bound by codified principles or statures but are not bound by previous court decisions
- C. The courts are bound primarily by previous court decisions to reserve legal issues
- D. The courts are bound by both previous court decisions and codified principles or statutes
Answer: B
NEW QUESTION # 70
The________________requires that an employee act solely in the best interest of their employer, free of any serf-dealing, conflicts of interest, or other abuse that results in a personal advantage
- A. Duty of loyalty
- B. Duty of care
- C. Duty of responsibility
- D. Duty of employee trust
Answer: A
NEW QUESTION # 71
Frederick has multiple high-volume foreign bank accounts. The country he lives in requires him to report such accounts annually for tax purposes but he regularly and intentionally fails to report his accounts in order to reduce the amount of taxes he must pay. Which of the following schemes has Frederick MOST LIKELY committed?
- A. A tax credit evasion scheme
- B. An income and wealth tax evasion scheme
- C. An excise tax evasion scheme
- D. A value-added tax evasion scheme
Answer: B
NEW QUESTION # 72
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 of the accused to be informed of criminal charges
- B. Freedom from arbitrary arrests
- C. Right to be presumed innocent until proven guilty
- D. Right to a trial by jury
Answer: D
NEW QUESTION # 73
The MAIN PURPOSE for maintaining the chain of custody on an item of evidence is to
- A. event opposing parties from accessing evidence without a court order
- B. Establish that the evidence has not been altered or changed from the time it was collected through its production in court
- C. Verify that the item of evidence has only been handled by court officials prior to its production m court.
- D. Eliminate re need to authenticate the item of evidence in court
Answer: B
NEW QUESTION # 74
Davis is an employee at Waccamaw Homeplace a publicly traded corporation Davis knows that Waccamaw is about to publicly announce a new joint venture project in China, so he buys shares of Waccamaw stock Assuming that his conduct was illegal m the jurisdiction in which he works and resides, what type of crime did Davis MOST LIKELY commit?
- A. Churning
- B. Futures fraud
- C. Insider trading
- D. Trading on margin
Answer: C
NEW QUESTION # 75
In most civil law systems, which of the following parties typically serves as the fact finder in criminal proceedings?
- A. A panel of court-appointed attorneys
- B. A jury
- C. A panel comprised of laypersons
- D. judge
Answer: D
NEW QUESTION # 76
Company A sued Company B to recover damages tor the breach of a contract. In the same proceeding Company B sought damages for an allegation that Company A fraudulently induced Company B into entering the contract In this case what would Company B's claim against Company A be called?
- A. Reversal
- B. Cross-claim
- C. Counterclaim
- D. Collateral attack
Answer: C
NEW QUESTION # 77
A custodial arrest occurs when a law enforcement officer informs the suspect of their rights as a criminal defendant
- A. False
- B. True
Answer: B
NEW QUESTION # 78
Which of the following describes the purpose of an expert witness testimony at trial?
- A. To offer an opinion as to a party's guilt or innocence
- B. To give a firsthand account of the fads of the case on the record
- C. To give an opinion when the fact finder needs specialized knowledge
- D. None of the above
Answer: C
NEW QUESTION # 79
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ACFE CFE-Law (Certified Fraud Examiner) Certification Exam is a professional certification that validates an individual's knowledge and expertise in the field of fraud examination. CFE-Law exam is designed to test the candidate’s ability to detect, investigate, and prevent fraud in various industries such as banking, healthcare, government, and more. Certified Fraud Examiner certification is highly regarded in the industry and is recognized globally as a mark of excellence in the field of fraud examination.
CFE-Law Questions Truly Valid For Your ACFE Exam: https://examsboost.pass4training.com/CFE-Law-test-questions.html
