ACFE ACFE Certifications CFE-LAW Questions & Answers

• Question 51:

  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. Unlike the FCPA, the UK Bribery Act makes it a crime to bribe a foreign public official in connection with international business transactions.

  C. 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.

  D. Like the FCPA, the UK Bribery Act contains an explicit exception for facilitating payments.

  Correct Answer: B

• Question 52:

  Which of the following is generally NOT one of the goals of deferred prosecution agreements?

  A. To get an organization to reform its policies

  B. To postpone prosecution until a company conducts an extensive internal investigation

  C. To allow prosecutors to resolve a case while still punishing malfeasance

  D. To reduce the risk of illegal practices at an organization

  Correct Answer: C

• Question 53:

  Cory has been charged with tax evasion for filing a false tax return. As a defense, Cory claims that he made an honest mistake due to the tax law's complexity, and he did not intentionally submit an incorrect tax return. If the court finds that his mistake was in good faith, he most likely will not be found to have "willfully" engaged in fraudulent actions to avoid reporting or paying his taxes.

  A. True

  B. False

  Correct Answer: A

• Question 54:

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

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

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

  C. The litigation privilege applies only while a trial is underway.

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

  Correct Answer: B

• Question 55:

  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 U.S. government decides to prosecute Ethan, which of the following would provide the MOST LIKELY basis for the charges?

  A. Wire fraud

  B. Communications fraud

  C. Mail fraud

  D. Insider trading fraud

  Correct Answer: C

• Question 56:

  Which of the following can affect the rights that employees may have during an internal investigation?

  A. Existence of violation red flags

  B. Existence of interstate compacts

  C. Existence of an employment contract

  D. Existence of fraud risk factors

  Correct Answer: C

• Question 57:

  A custodial arrest occurs when a law enforcement officer informs the suspect of their rights as a criminal defendant.

  A. True

  B. False

  Correct Answer: A

• Question 58:

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

  A. Obtain a warrant granting permission to transfer the data.

  B. Obtain approval from a Certified Information Privacy Professional (CIPP).

  C. Use a third-party transferring service.

  D. Establish a contract between the entities exchanging the information.

  Correct Answer: B

• Question 59:

  Which of the following statements concerning civil trials in common law jurisdictions is MOST ACCURATE?

  A. In most civil cases, the standard of proof is the preponderance of the evidence.

  B. Civil jury trials must have the same number of jurors as in criminal jury trials.

  C. Jury verdicts in civil trials must always be unanimous.

  D. Neither side may appeal an adverse judgment in a civil case.

  Correct Answer: A

• Question 60:

  The Financial Action Task Force (FATF) Recommendations state that a financial institution's customer due diligence (CDD) procedures should include continued monitoring of a customer's business relationships and transactions.

  A. True

  B. False

  Correct Answer: A