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CFE-Law ACFE Certified Fraud Examiner (CFE) - Law Free Practice Exam Questions (2025 Updated)

Prepare effectively for your ACFE CFE-Law Certified Fraud Examiner (CFE) - Law certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 158 questions

Robert, a Certified Fraud Examiner (CFE), wants to ensure that the authenticity of the evidence he collected during his investigation is not compromised. His main objective should be to:

A.

Limit access to the evidence to judicial officials prior to trial proceedings.

B.

Prevent all other parties from obtaining physical control of the evidence.

C.

Establish a clear chain of custody to show that the evidence has not been altered.

D.

Only alter or materially change the evidence himself if absolutely necessary.

Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which of the following parties should administer the debtor's estate in liquidation bankruptcy proceedings?

A.

The jurisdiction's commerce department or equivalent agency

B.

The creditor with the largest claim against the debtor

C.

The debtor, supervised by an independent insolvency representative

D.

An independent insolvency representative

Which of the following schemes involves disguising money from illegal nonbusiness sources by recording more income on a business's books than the business actually generates?

A.

Overstate revenues

B.

Structured deposits

C.

Trade-based laundering

D.

None of re above

Under the Financial Action Task Force (FATF) Recommendations, a financial institution's customer due diligence (CDD) procedures involve a single check on the customer's business relationships and transactions.

A.

True

B.

False

In jurisdictions that allow for corporate criminal liability which of the following is typically required for the corporation to be vicariously liable for the acts of one of its employees?

A.

Management was directly involved with the offense

B.

Management knew of the underlying offense but did not correct it

C.

The corporation had previous violations of a similar nature

D.

The employee was acting within the scope of their employment

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?

A.

The information was true

B.

The communications to the subject's coworkers were privileged

C.

The news was not communicated to enough people

D.

The statement was not printed and distributed

Which of the following is a method of disguising money acquired from illegal sources by recording more income on a business's books than the business actually generates?

A.

Overstating revenues

B.

Reporting real estate purchases

C.

Recording but not depositing revenue

D.

None of the above

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Total 158 questions
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