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ACFE CFE-Law (Certified Fraud Examiner) Exam is a certification program that is designed to test the knowledge and skills of professionals in the field of fraud examination. Certified Fraud Examiner certification is recognized globally and is one of the most prestigious credentials for professionals who work in the field of fraud prevention, detection, and investigation. CFE-Law Exam is administered by the Association of Certified Fraud Examiners (ACFE), which is a professional organization that is dedicated to advancing the field of fraud examination.
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To be eligible to take the CFE-Law certification exam, candidates must have a minimum of a bachelor's degree from an accredited institution and two years of professional experience in a field related to fraud prevention or investigation. Additionally, candidates must be of high moral character and must pass a background check. Once the candidate has met these criteria, they can apply to take the CFE-Law certification exam.
ACFE CFE-Law Certification Exam is comprised of four sections: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. Each section of the exam is designed to test the candidate's knowledge and understanding of key concepts related to fraud examination and investigation. CFE-Law exam consists of 500 multiple-choice questions, and candidates are given four hours to complete each section.
ACFE Certified Fraud Examiner Sample Questions (Q52-Q57):
NEW QUESTION # 52
Which of the following is one of the three basic options by which organizations can legitimize cross-border transfers of personal information?
- A. Obtain approval from a Certified Information Privacy Professional (C PP)
- B. Establish a contract between the entities exchanging the information
- C. Use a third-party transferring service
- D. Obtain a warrant granting permission to transfer the data
Answer: B
Explanation:
This question tests your knowledge of Domain 7.
In the context of Individual Rights During Examinations, specifically relating to privacy, the question asks about the core concepts in this area.
The correct answer is C: Establish a contract between the entities exchanging the information.
This question relates to individual rights during examinations. The correct answer accurately describes the legal protections, obligations, or privacy considerations that apply in workplace investigations. Fraud examiners must balance investigative needs with legal protections for individuals.
References:
- CFE Exam Content Outline: Domain 7: Individual Rights During Examinations
- privacy
- Fraud Examiners Manual, Law Section
NEW QUESTION # 53
Dodd is a Certified Fraud Examiner (CFE) who works for Weathervane, a private company Dodd suspects that Burton a Weathervane employee has embezzled money from the company Dodd plans to conduct an internal investigation into the missing funds Based on these facts which of the following is the MOST ACCURATE statement?
- A. Burton can refuse to cooperate with the investigation because he has a fundamental right to remain silent
- B. Burton has a duty to cooperate with the investigation even if what is requested from him is not reasonable
- C. Burton can refuse to cooperate with the investigation because he has a fundamental right to privacy
- D. Burton likely has a duty to cooperate with the investigation as part of the employer-employee relationship
Answer: D
Explanation:
This question tests your knowledge of Domain 7.
In the context of Individual Rights During Examinations, specifically relating to employee, cooperate, privacy, the question asks about MOST ACCURATE, CFE.
The correct answer is C: Burton likely has a duty to cooperate with the investigation as part of the employer- employee relationship.
This question relates to individual rights during examinations. The correct answer accurately describes the legal protections, obligations, or privacy considerations that apply in workplace investigations. Fraud examiners must balance investigative needs with legal protections for individuals.
NEW QUESTION # 54
Before her criminal trial for embezzlement Monique contacts witnesses against her and offers to pay them if they change their stories Based on her actions the government would MOST LIKELY bring additional charges against Monique for:
- A. Judicial extortion
- B. Fraudulent misrepresentation
- C. Obstruction of justice
- D. Conspiracy to influence the court
Answer: C
NEW QUESTION # 55
Which of the following is NOT a requirement of the European Union's (EU) General Data Protection Regulation (GDPR)?
- A. An organization must delete a data subject's personal data automatically when the data are no longer m use.
- B. An organization must confirm or deny that it possesses a data subject's personal data upon that individual's request
- C. An organization must have a documented lawful basis for collecting or processing personal data.
- D. An organization generally must notify all affected data subjects without undue delay when a high-risk data breach occurs
Answer: C
Explanation:
This question tests your knowledge of Domain 7.
In the context of Individual Rights During Examinations, specifically relating to GDPR, the question asks about EU, GDPR, NOT.
The correct answer is B: An organization must have a documented lawful basis for collecting or processing personal data..
This question relates to individual rights during examinations. The correct answer accurately describes the legal protections, obligations, or privacy considerations that apply in workplace investigations. Fraud examiners must balance investigative needs with legal protections for individuals.
NEW QUESTION # 56
Felix is charged with violating a criminal law that prohibits making false statements to government agencies.
Which of the following statements is incorrect regarding the elements the government must prove to establish a violation?
- A. The government must prove that the statement concerned a matter within the jurisdiction of a government agency.
- B. The government must prove that the statement was material.
- C. The government must prove that the defendant knew the statement was false.
- D. The government must prove that it suffered a loss for relying on the false statement.
Answer: D
Explanation:
The correct answer is C because a false-statements offense generally does not require the government to prove that it suffered a financial loss by relying on the statement. Under 18 U.S.C. § 1001, the key elements include that the statement concerned a matter within the jurisdiction of a government agency, that it was knowingly false, and that it was material. The Department of Justice and the statutory text both identify jurisdiction, knowledge, and materiality as core elements.
That means options A, B, and D all describe recognized elements of the offense. By contrast, actual loss to the government is not required. A defendant can violate the statute even if the agency detects the lie immediately and never changes its position or loses money. The law is designed to protect the integrity of governmental functions and decision-making, not merely to punish lies that cause measurable financial harm. So long as the false statement is material and knowingly made in a matter within agency jurisdiction, the offense can be established. Therefore, the statement saying the government must prove that it "suffered a loss for relying on the false statement" is the incorrect one, making C the right answer. (Department of Justice)
NEW QUESTION # 57
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