CFE-Fraud-Investigations-and-Legal-Issues Practice Questions

At the end of a civil proceeding, the court finds the defendant, a company, liable and orders it to pay a large sum of money to compensate for the plaintiffs losses. Which of the following BEST describes this type of remedy?

Which of the following is required for a contract, transaction, or scheme to qualify as an investment contract?

Each of the following is a common legal defense for tax evasion EXCEPT:

Which of the following is NOT an element that is generally required to establish a claim alleging the common law civil wrong for intentional infliction of emotional distress?

Thea is conducting a fraud examination for a company and suspects one of the company ' s vendors (a one-person operation) of fraudulent billing. Thea wants to obtain a copy of the suspect individual ' s credit report and personal data from a third-party information broker. If Thea works in a jurisdiction that regulates the distribution of personal credit information, she cannot obtain the suspect ' s personal credit data under any circumstances.

Which of the following data is the MOST DIFFICULT to recover during a digital forensic examination?

Which of the following is a common characteristic that asset hiders look for in the financial vehicles they use to conceal their assets?

Which of the following statements concerning examinations of expert witnesses in most inquisitorial jurisdictions is accurate?

Virgil is a Certified Fraud Examiner (CFE) who works for Q-22 Inc., a private company. Virgil suspects that Florence, a Q-22 employee, has been submitting fraudulent expense claims. Virgil plans to conduct an internal investigation into the alleged fraud. Based on these facts, which of the following statements is MOST ACCURATE?

Paul is convicted of embezzlement. However, his sentence is suspended in return for his promise of good behavior. Which of the following BEST describes Paul’s sentence?

Which of the following is the MOST ACCURATE statement about trying to locate a subject using online records?

Which of the following would be most useful in determining when a specific document file was created?

Andrew wants to use a confidential informant in his investigation. He plans to compensate the informant with cash and obtain a receipt. He also plans to identify his source in a memorandum and his final report using only the informant ' s initials. Which of Andrew ' s plans is NOT considered a best practice when using an informant?

Quincy, a Certified Fraud Examiner (CFE), is investigating a payroll fraud scheme. While interviewing a subject in the case, Quincy asks, “What year did you start working in the accounting department?” This can MOST ACCURATELY be described as a(n) ______ question.

Lance stole cash from his employer and then deposited the funds into a domestic bank account. Next, he wired the funds to a foreign bank account and engaged in several other transactions using foreign accounts to make them difficult to trace. Finally, he transferred the funds back to a domestic account and then spent the money on some home improvements. In which of the following stages of money laundering did Lance engage when he spent the money on home improvements?