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Pass the ACFE Certified Fraud Examiner CFE-Law Questions and answers with ExamsMirror

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Viewing page 7 out of 7 pages

Viewing questions 61-70 out of questions

Questions # 61:

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.

Options:

true

False

Questions # 62:

Which of the following is an example of a trade-based money laundering scheme?

Options:

An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally

An accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business

A drug cartel outside of the United States launders illicit funds by hiring runners to deposit small amounts of money in bank accounts throughout the United States

A businessperson deposits illicit funds into the bank account of a company they secretly own which then lends the funds back to them

Questions # 63:

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?

Options:

Cross-claim

Collateral attack

Reversal

Counterclaim

Questions # 64:

Grant, a fraud examiner is investigating Beatrice for embezzlement on his employer's behalf. During his investigation. Grant learns that Beatrice has cheated on her spouse and he tells several of Beatrice's coworkers about it Beatrice discovers that Grant revealed the unflattering (albeit true) information about her and decides to file a claim of defamation against Grant. Which of the following is the BEST explanation of why Beatrice will not win her defamation case?

Options:

The information was true

The communications to the subject's coworkers were privileged

The news was not communicated to enough people

The statement was not printed and distributed

Questions # 65:

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?

Options:

Myopic vision

Personal attack

Bias

Sounding board

Questions # 66:

Which of the following is a red flag that might be indicative of an entity operating a security business without the proper license or registration?

Options:

There are justified gaps in the work history of promoters at the entity.

The entity is known to have a history of regulatory problems.

There is a lack of customer complaints against the entity.

The entity's website contains detailed background information.

Questions # 67:

Which of the following is the MOST ACCURATE statement about the litigation privilege in common law jurisdictions?

Options:

The primary purpose of the litigation privilege is to protect confidential communications between a client and the client's legal representative

The litigation privilege only protects documents and materials prepared by an attorney

The litigation privilege applies only while a trial is underway

The litigation privilege applies only to documents and materials prepared in anticipation of litigation

Questions # 68:

A business files for bankruptcy with the goal of obtaining relief from creditors so that it can rearrange its financial affairs and continue as a going concern. Which of the following describes this type of bankruptcy proceeding?

Options:

Reorganization bankruptcy

Debt adjustment bankruptcy

Debt dismissal bankruptcy

Liquidation bankruptcy

Questions # 69:

Which of the following is one of the three basic options by which organizations can legitimize cross-border transfers of personal information?

Options:

Use a third-party transferring service

Obtain approval from a Certified Information Privacy Professional (C PP)

Establish a contract between the entities exchanging the information

Obtain a warrant granting permission to transfer the data

Questions # 70:

Country A's government requires financial institutions to report all instances of a customer depositing or withdrawing more than $10,000 in a day. To avoid attention regarding his illicit assets, James deposits $9,000 each day. In which of the following schemes is James engaging?