ACFE CFE - Law - Certified Fraud Examiner - Law Exam
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Total 153 questions
Question #1 (Topic: Exam A)
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. Determinate sentence
B. Probation
C. Indeterminate sentence
D. Deferred prosecution agreement
Answer: B
Question #2 (Topic: Exam A)
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 waive 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: C
Question #3 (Topic: Exam A)
At the end of a civil proceeding, the court finds the defendant, a company, liable and orders it to pay a large sum of money to compensate for the plaintiff’s losses. Which of the following BEST describes this type of remedy?
A. Declaratory relief
B. Equitable relief
C. Damages
D. Injunction
Answer: C
Question #4 (Topic: Exam A)
Which of the following is the MOST ACCURATE statement about rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies?
A. A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives.
B. A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer.
C. A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions.
D. A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).
Answer: A
Question #5 (Topic: Exam A)
Under the best practices listed in the Financial Action Task Force (FATF) Recommendations concerning large cash transactions with customers, which of the following transactions would require a report to be filed with the government?
A. A domestic credit card purchase of a piece of jewelry above the jurisdiction's designated threshold
B. A lump-sum cash deposit to a bank above the jurisdiction's designated threshold
C. An international purchase of a small boat with a lump-sum cash payment below the jurisdiction's designated threshold
D. A cash payment to a restaurant supplier for restaurant supplies above the jurisdiction's designated threshold
Answer: D
