Free CFE-Law Questions for ACFE CFE-Law Exam [Dec-2024]
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NEW QUESTION # 19
Which of the following statements concerning fact finders in criminal trials in common law jurisdictions is MOST ACCURATE?
- A. The presence of a jury is always required to make factual findings in a common law criminal trial
- B. A panel of a professional judge and lay judges usually serves as the fact finder in serious cases
- C. Juries usually serve as the fact finder in serious cases
- D. A judge is typically responsible for factual findings
Answer: D
NEW QUESTION # 20
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 been authorized by someone with actual authority to carry out the transaction at issue
- B. The agent must have purported to act on behalf of or as an agent for an identified principal
- C. The agent must have informed the principal of their actions
- D. The agent must have had an undisclosed interest m a matter that could influence their professional role
Answer: D
NEW QUESTION # 21
Which of the following statements concerning digital currencies, such as bitcoin, is MOST ACCURATE?
- A. Digital currencies are attractive to money launderers because payments often cross jurisdictional boundaries, making it difficult for authorities to pursue enforcement
- B. Digital currencies are attractive to money launderers because they are a payment method that provides complete anonymity
- C. Digital currencies are not typically used to launder money due to strict customer identification or recordkeeping requirements enforced in all jurisdictions
- D. Digital currencies are subject to all of the same regulations as payments made through traditional financial institutions
Answer: A
NEW QUESTION # 22
In systems using adversarial processes, an attorney may impeach an opposing party's witness by showing that the witness:
- A. Testified from personal knowledge
- B. Is influenced by bias or self-interest
- C. Has a keen ability to observe
- D. Made poor consistent statements
Answer: B
NEW QUESTION # 23
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. Sounding board
- B. Bias
- C. Myopic vision
- D. Personal attack
Answer: C
NEW QUESTION # 24
Which of the following describes the purpose of an expert witness testimony at trial?
- A. To give an opinion when the fact finder needs specialized knowledge
- B. None of the above
- C. To give a firsthand account of the fads of the case on the record
- D. To offer an opinion as to a party's guilt or innocence
Answer: A
NEW QUESTION # 25
Which of the following, if available, would help an organization recover losses from an instance of internal fraud?
- A. Privilege insurance
- B. Customer liability policy
- C. Fidelity insurance
- D. Deposition
Answer: C
NEW QUESTION # 26
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. Inquisitorial process
- B. Common law process
- C. Substantive law process
- D. Adversarial process
Answer: D
NEW QUESTION # 27
In most countries employers must provide notice to their employees before they implement an employee monitoring program
- A. True
- B. False
Answer: A
NEW QUESTION # 28
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. Insider trading
- B. Futures fraud
- C. Trading on margin
- D. Churning
Answer: A
NEW QUESTION # 29
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. Jury verdicts m civil trials must always be unanimous
- C. in most civil cases, the standard of proof is the preponderance of the evidence
- D. Civil jury trials must have the same number of jurors as in criminal jury trials.
Answer: B
NEW QUESTION # 30
Which of the following statements regarding the qualifications of expert witnesses in most inquisitorial jurisdictions is CORRECT?
- A. Certification in a specific field is always enough to qualify an expert
- B. Experts are generally prohibited from serving as expert witnesses in multiple cases
- C. An excerpt is not qualified to testify unless all parties to the litigation approve
- D. The qualification of an expert is generally based on standardized requirements
Answer: D
NEW QUESTION # 31
Which of the following is NOT a legal element that must be shown to prove a claim for fraudulent misrepresentation of material facts?
- A. The defendant made a false statement (i, e., a misrepresentation of fact)
- B. The victim relied on the misrepresentation
- C. The defendant acted negligently
- D. The victim suffered damages as a result of the misrepresentation
Answer: C
NEW QUESTION # 32
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 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 bribery a defendant is ordered to transfer a car she received as a bribe to the government
Answer: D
NEW QUESTION # 33
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. Like the FCPA the UK Bribery Act contains an explicit exception for facilitating payments
- C. Unlike the FCPA. the UK Bribery Act makes it a crime to bribe a foreign public official in connection with international business transactions
- D. 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
Answer: D
NEW QUESTION # 34
Ramona is investigating Eugene for misconduct Ramona and Eugene both work for Elek-Tek, which operates in a jurisdiction with evil laws for defamation, invasion of privacy and conflict of interest During the investigation Ramona obtained ^formation that Eugene is cheating on his spouse Ramona to a large group of Elek-Tek employees that Eugene was committing adultery, which turned out to be true Which cause of action would give Eugene the BEST chance for success m a civil suit against Ramona?
- A. Slander
- B. Public disclosure of private facts
- C. Conflict of interest
- D. Defamation
Answer: B
NEW QUESTION # 35
The MOST COMMON bankruptcy fraud scheme is:
- A. Concealment of assets
- B. Forged filing
- C. A planned bustcut
- D. A credit card bustout
Answer: A
NEW QUESTION # 36
Which of the following can affect the rights that employees may have during an internal investigation?
- A. Existence of an employment contract
- B. Existence of fraud risk factors
- C. Existence of violation red flags
- D. Existence of interstate compacts
Answer: A
NEW QUESTION # 37
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. True
- B. False
Answer: A
NEW QUESTION # 38
Evidence that tends to make some tact at issue more or less likely than it would be without the evidence is called:
- A. Testamentary evidence
- B. Demonstrative evidence
- C. Circumstantial evidence
- D. Relevant evidence
Answer: D
NEW QUESTION # 39
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. A diagram is used to display the location of the store's registers
- B. A coworker testifies that the defendant was acting nervously the day the money was taken
- C. A witness testifies that the defendant was almost always the last cashier to leave the store
- D. A witness testifies that they saw the defendant take the money
Answer: D
NEW QUESTION # 40
A custodial arrest occurs when a law enforcement officer informs the suspect of their rights as a criminal defendant
- A. True
- B. False
Answer: A
NEW QUESTION # 41
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. True
- B. False
Answer: A
NEW QUESTION # 42
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.
- A. True
- B. False
Answer: B
NEW QUESTION # 43
Ethan a U S resident, is running a Ponzi scheme As part of the scheme, he uses the U S mail system to send promotional materials to potential victims in France If the US government decides to prosecute Ethan, which of the following would provide the MOST LIKELY basis for the charges?
- A. Communications fraud
- B. Insider trading fraud
- C. Mail fraud
- D. Wire fraud
Answer: C
NEW QUESTION # 44
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