Online Access Free CFE-Fraud-Investigations-and-Legal-Issues Practice Test

During an interview, Alex asked a fraud suspect if he could retrieve the suspect ' s account records from her bank. The suspect said, " yes. " but she did not provide consent in writing Although the suspect orally consented, the suspect ' s bank is NOT required to allow Alex to access the suspect ' s account records at this point.

• A.True
• B.False

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

• A.Both the parties and the judge may question an expert ' s credibility.
• B.Both the parties and the judge may determine how much consideration should be given to an expert ' s testimony.
• C.Only the judge is allowed to question the expert ' s analysis and the methods that they used in their determinations.
• D.Only the parties are allowed to make objections regarding an expert ' s biases.

The Financial Action Task Force (FATF) Recommendations slate that a financial institution s customer due diligence (COD) procedures should include continued monitoring of a customer ' s business relationships and transactions.

• A.True
• B.False

Management at First Choice Inc. suspects that Nathan, its chief financial officer (CFO), has been embezzling funds. It hires Reina. a Certified Fraud Examiner (CFE), to investigate the matter When conducting the fraud examination. Reina should proceed as though;

• A.The case will end in litigation.
• B.Nathan is guilty
• C.The matter will be resolved completely internally.
• D.After Nathan is terminated, the case will end

Which of the following statements regarding the qualifications of expert witnesses in most inquisitorial jurisdictions is CORRECT?

• A.Certification in a specific field is always enough to qualify an expert
• B.The qualification of an expert is generally based on standardized requirements
• C.An excerpt is not qualified to testify unless all parties to the litigation approve
• D.Experts are generally prohibited from serving as expert witnesses in multiple cases