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ACFE CFE-Law real answers - Certified Fraud Examiner

CFE-Law
  • Exam Code: CFE-Law
  • Exam Name: Certified Fraud Examiner
  • Updated: Jul 14, 2025
  • Q & A: 160 Questions and Answers
  • PDF Version

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  • PDF Price: $59.98
  • ACFE CFE-Law Value Pack

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About ACFE CFE-Law Exam guide

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ACFE Certified Fraud Examiner Sample Questions:

1. The MOST COMMON bankruptcy fraud scheme is:

A) A credit card bustout
B) Forged filing
C) Concealment of assets
D) A planned bustcut


2. Which of the following situations would constitute a violation of the US Foreign Corrupt Practices Act (FCPA)

A) A private U.S company pays a S2.000 foreign corporation fee that is required in order to do business within the country
B) A private U.S company transfers $100,000 to the sole proprietor of a Brazilian company to influence the award of a commercial imports contract.
C) A private UK company transfers $25,000 to a Chilean public official to influence the award of lucrative overseas contracts.
D) A private U S company transfers $45,000 to a foreign official to influence the award of a public construction contract.


3. Which of the following statements is TRUE regarding criminal proceedings and discovery in adversarial jurisdictions?

A) Most criminal proceedings are divided into pretrial, investigative and trial phases
B) The judge is the primary driver of the discovery process in criminal proceedings.
C) The majority of criminal discovery usually occurs before the trial begins.
D) Parties typically cannot request evidence from each other until after the trial begins.


4. Which of the following statements regarding the qualifications of expert witnesses in most inquisitorial jurisdictions is CORRECT?

A) The qualification of an expert is generally based on standardized requirements
B) An excerpt is not qualified to testify unless all parties to the litigation approve
C) Experts are generally prohibited from serving as expert witnesses in multiple cases
D) Certification in a specific field is always enough to qualify an expert


5. 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 does not carry out a trade requested by or promised to a customer
B) A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions
C) A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).
D) A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: B

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