CFE-Law ACFE Exam Questions and Free Practice Test

Question 7

Which of the following is the MOST ACCURATE statement about the UK Bribery Act?

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

B. 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

C. Unlike the FCP

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

E. The UK Bribery Act only exercises jurisdiction over individuals and corporate entities for acts of corruption when the offense occurs outside the United Kingdom

Correct Answer:B

Question 8

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 recommends an investment or investment strategy that is inconsistent with the client's objectives

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 enters into transactions and manages a client's account for the purpose of generating excessive commissions

Correct Answer:D

Question 9

Which of the following examples of judicial systems would BEST be described as a civil law system?

A. The courts are allowed to consider both codified statutes and previous court decisions but are bound by neither

B. The courts are bound by both previous court decisions and codified principles or statutes

C. The courts are bound primarily by previous court decisions to reserve legal issues

D. The courts are bound by codified principles or statures but are not bound by previous court decisions

Correct Answer:D

Question 10

Which of the following is NOT a right of the accused under the United Nations' (UN) International Covenant on Civil and Political Rights (ICCPR)?

A. Right of the accused to be informed of criminal charges

B. Right to be presumed innocent until proven guilty

C. Right to a trial by jury

D. Freedom from arbitrary arrests

Correct Answer:C

Question 11

During an internal investigation Todd a Certified Fraud Examiner (CFE) interviewed Janessa a fraud suspect Although Janessa wanted to leave in the middle of the interview, Todd blocked the exit and prevented her from leaving Janessa subsequently confessed to committing fraud If under these facts Janessa files a lawsuit (or false imprisonment against Todd, Todd will likely

A. Win the case because he is protected under the qualified business privilege

B. Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification

C. Lose the case because janessa did not leave the interview

D. Win the case if he did not know the conduct was illegal

Correct Answer:B

Question 12

Which of the following statements about the International Organization of Securities Commissions (IOSCO) s TRUE?

A. IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets

B. IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developingnations

C. IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets

D. IOSCO is recognized as the international standard-setter for securities markets

Correct Answer:D

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