CFE-Law Practice Questions

A.  

Mental illness of the taxpayer

B.  

Death of the taxpayer

C.  

The taxpayer s reliance on an attorney or accountant

D.  

The actions were tax avoidance not tax evasion

A.  

IOSCO ' s primary goal is to establish a separate set of securities regulations for securities exchanges in developing nations.

B.  

IOSCO is comprised of commissioners and administrators responsible for regulating securities and administering securities laws in their countries.

C.  

IOSCO is an international industry association that sets global accounting and financial reporting standards.

D.  

IOSCO is responsible for enforcing regulatory standards that govern all international securities markets.

A.  

To increase the likelihood of conviction if a company is accused of subsequent misconduct

B.  

To save trial resources by getting the defendant to plead guilty to a less serious offense

C.  

To postpone prosecution until a company conducts an adequate internal investigation

D.  

To allow prosecutors to resolve a corporate case while still punishing misconduct

A.  

A U.S. company pays a $2,000 foreign corporation fee that is required to conduct business within the country.

B.  

A private U.S. company transfers $35,000 to the owner of a private Chilean company to influence the award of a construction contract.

C.  

A private U.S. company transfers $45,000 to a Chinese public official to influence the award of overseas contracts.

D.  

A UK company transfers $15,000 to a Brazilian public official to influence the award of overseas construction contracts.

A.  

The likelihood that the case will eventually go to trial.

B.  

The existence of a collective bargaining agreement.

C.  

The amount of evidence that the employer possesses.

D.  

The length of the employee ' s tenure at the organization.

A.  

Digital currencies are subject to all of the same regulations as payments made through traditional financial institutions

B.  

Digital currencies are attractive to money launderers because payments often cross jurisdictional boundaries, making it difficult for authorities to pursue enforcement

C.  

Digital currencies are attractive to money launderers because they are a payment method that provides complete anonymity

D.  

Digital currencies are not typically used to launder money due to strict customer identification or recordkeeping requirements enforced in all jurisdictions

A.  

The employee committed the offense with the intention of personal benefit.

B.  

The employee was acting outside the scope of their employment.

C.  

Management was directly involved in the underlying offense.

D.  

An employee of the corporation committed each element of a criminal offense.

A.  

Churning

B.  

Futures fraud

C.  

Insider trading

D.  

Trading on margin

A.  

Circumstantial evidence

B.  

Relevant evidence

C.  

Testamentary evidence

D.  

Demonstrative evidence

A.  

Declaratory relief

B.  

Carnages

C.  

Equitable relief

D.  

Injunction