Free ACFE CFE-Fraud-Investigations-and-Legal-Issues Practice Test & Real Exam Questions, Page 1

Question #1

Wagner is a new fraud examiner collecting organizational data for analysis as part of an investigation. Which of the following factors is MOST LIKELY to present a challenge for Wagner in collecting this data?

A. Wagner only needs to collect structured data from internal sources for his analysis.

B. All the data Wagner needs resides in one jurisdiction, which has limited data privacy laws.

C. The organization has a data retention policy in place that limits the amount of historical data available for analysis.

D. The organization maintains its data in automated systems, and all the data found in those systems is standardized.

Discussion 0

Correct Answer: C Vote an answer

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Question #2

If a fraud examiner is searching for information about a counterfeit product that was sold online but has since been removed from the company's website, which of the following resources would be MOST EFFECTIVE for the fraud examiner to use?

A. The internet archives.

B. The deep web.

C. The dark web.

D. The onion router (Tor).

Discussion 0

Correct Answer: A Vote an answer

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Question #3

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. A lawsuit has been filed

B. Intent to keep the communications confidential

C. Communication between a legal advisor and a client

D. Purpose of the communications was to seek or provide legal advice

Discussion 0

Correct Answer: A Vote an answer

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Question #4

An investigator is preparing to administer what is likely to be an intense and extended interview with a fraud suspect. To organize their thoughts prior to the interview, the fraud examiner should:

A. Make a list of key points to go over with the respondent.

B. Develop a list of questions ranked in order of importance.

C. Provide the suspect with a list of questions to ensure detailed responses-

D. Memorize a detailed list of questions, but avoid taking a written list to the interview

Discussion 0

Correct Answer: A Vote an answer

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Question #5

Which of the following is a legal element that the government must show to prove a conspiracy claim?

A. The defendant intentionally or unintentionally joined and participated in the illegal scheme.

B. The defendant entered into an agreement to commit an illegal act with at least one other person.

C. The conspirators accomplished the purpose of the conspiracy that was initially established.

D. All of the conspirators knowingly committed an overt act in furtherance of the conspiracy.

Discussion 0

Correct Answer: B Vote an answer

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Question #6

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 victim suffered damages as a result of the misrepresentation

B. The victim relied on the misrepresentation

C. The defendant made a false statement (i, e., a misrepresentation of fact)

D. The defendant acted negligently

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Correct Answer: D Vote an answer

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Question #7

Which of the following is TRUE of a follow-up/recommendations section in a written fraud examination report?

A. A follow-up recommendations section is a required part of every written fraud examination report

B. A follow-up/recommendations section should state remedial measures for the organization to undertake

C. All of the above

D. A follow-up/recommendations section calculates the amount of fraud-related loss sustained by the organization

Discussion 0

Correct Answer: B Vote an answer

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Question #8

Which of the following is considered a best practice for preserving the confidentiality of a fraud investigation?

A. Implement a blanket policy prohibiting all employees from discussing anything related to employee investigations

B. Avoid using email or other electronic means to transmit confidential case information

C. Ensure that the investigation is conducted at the direction of, or under the supervision of. a government official

D. Suspend all employees involved in the investigation pending the investigation ' s outcome.

Discussion 0

Correct Answer: B Vote an answer

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Question #9

Divya, a Certified Fraud Examiner (CFE), is considering whether to commence a legal action to recover assets for her client. Of the following choices, which is the MOST IMPORTANT question for Divya to ask before moving forward with the legal action?

A. "Is there a relevant statute of limitations for the offense?"

B. "Has the suspect been arrested for any crimes in the past?"

C. "What is the likelihood that the suspect did not actually commit fraud?"

D. "Does the defendant have sufficient money or property to satisfy a judgment?"

Discussion 0

Correct Answer: D Vote an answer

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Question #10

Luke filed a civil action against Brenda for embezzlement. He is worried that Brenda will spend the money she embezzled before the court issues a final judgment. Which type of order should Luke seek from the court if he wants to keep Brenda from spending the money?

A. Litigation hold

B. Prejudgment attachment

C. Preservation order

D. Declaratory relief

Discussion 0

Correct Answer: B Vote an answer

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Question #11

Which of the following is a purpose of an admission-seeking interview?

A. To determine whether the subject ' s responses are credible

B. To obtain a valid confession from a culpable individual

C. To establish that the confessor regrets committing the act

D. To verify that the accused mistakenly committed the act

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Correct Answer: B Vote an answer

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Question #12

Which of the following questions is MOST HELPFUL for fraud examiners to ask themselves when determining the legality of electronically recording a conversation?

A. " Will the recorded conversation take place before or after work? "

B. " How long is the anticipated recording expected to last? "

C. " Will the recording equipment produce a digital file? "

D. " Can the recording include both audio and video?

Discussion 0

Correct Answer: D Vote an answer

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Question #13

Which of the following statements concerning the selection of expert witnesses during trial is MOST ACCURATE?

A. Generally, the parties select the expert witnesses in both inquisitorial and adversarial jurisdictions.

B. Generally, the court selects the primary expert witnesses in inquisitorial jurisdictions and the parties do not hire them directly.

C. Generally, the court selects the primary expert witnesses in adversarial jurisdictions and the parties do not participate in the selection.

D. Generally, the parties select expert witnesses in inquisitorial jurisdictions but not in adversarial jurisdictions.

Discussion 0

Correct Answer: A Vote an answer

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Question #14

Which of the following is a requirement of the European Union ' s (EU) General Data Protection Regulation (GDPR)?

A. An organization must provide a data subject ' s personal data upon that individual ' s request for a reasonable fee.

B. An organization must obtain a data subject ' s consent before collecting or processing personal data about that individual.

C. An organization must notify all affected data subjects within six months when a data breach occurs that is likely to result in a high risk to their rights and freedoms.

D. An organization must refrain from confirming or denying whether it is in possession of a data subject ' s personal data even if the data subject requests this information.

Discussion 0

Correct Answer: B Vote an answer

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Question #15

Sarah is conducting an admission-seeking interview of a suspect. Throughout the interview, the suspect makes little eye contact with Sarah. Based on this information atone, can Sarah conclude that the suspect is being deceptive?

A. No, because this is not enough information to conclude that the suspect is being deceptive

B. Yes, because it is safe to assume that suspects who avoid eye contact are most likely being deceptive.

C. Yes, because avoiding eye contact is a sign of deceptive.

D. No, because avoiding eye contact is not directly linked to deception.

Discussion 0

Correct Answer: A Vote an answer

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