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ACFE Certified Fraud Examiner (CFE) - Fraud Investigations and Legal Issues Sample Questions:
1. Which of the following statements about the International Organization of Securities Commissions (IOSCO) s TRUE?
A) IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets
B) IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets
C) IOSCO is recognized as the international standard-setter for securities markets
D) IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developing nations
2. Hongwei, a fraud examiner, is conducting an admission-seeking interview with Harsha, an employee suspected of making personal purchases using the company's credit card. Which of the following options is the MOST EFFECTIVE phrasing for Hongwei to use when asking Harsha an admission-seeking question?
A) "Do you know all the employees who have access to the company's credit card?"
B) "Why did you make personal purchases using the company's credit card?"
C) "Have you heard of anyone making personal purchases using the company's credit card?"
D) "Did you misuse the company credit card by making personal purchases?"
3. Mari, a law enforcement officer, believes that procurement employees at a local hospital are particularly susceptible to corruption. To test her theory, Mari poses as a salesperson for a medical supply company and offers a kickback to a hospital employee. Although the employee initially rejects the kickback, Mari eventually convinces them to accept the offer. Which of the following claims could the employee make against Mari during trial?
A) Collusion.
B) Misrepresentation of a material fact.
C) Entrapment.
D) Coercion.
4. In common law jurisdictions, which of the following scenarios would MOST LIKELY result in sanctions for an organization for failing to preserve evidence?
A) An employee abstains from destroying a document relevant to an ongoing proceeding even though this act violates the company ' s document retention policy.
B) An employee intentionally destroys a relevant document prior to the company announcing the possibility of litigation.
C) An employee accidentally deletes a digital document that is relevant to litigation after the company announces that such litigation is a possibility.
D) An employee unintentionally alters a digital document that is not directly relevant to any potential litigation that the company has announced to its staff.
5. Cynthia is preparing to conduct a covert investigation. Prior to conducting surveillance of her subject, she creates a memorandum outlining the basis for her operation Which of the following pieces of information should she include in her memorandum?
A) The identities of any confidential sources to be used in the operation
B) Her first impression regarding the subject ' s culpability
C) The name of the subject she will be observing
D) All of the above
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |
By Andy
