Online Access Free CFE-Law Practice Test

In most common law jurisdictions, which of the following BEST describes when the duty to preserve evidence begins?

• A.When the judge sets the schedule for discovery
• B.When the company receives notice of the lawsuit
• C.When litigation is reasonably anticipated
• D.When the court orders the party to produce the evidence

Tatiana is the chief executive officer (CEO) of Mattress World Warehouse, a retail mattress store that has been struggling financially A week before Mattress World Warehouse files for bankruptcy Tatiana sets ten mattresses to her husband at 80% below market value Which type of fraud scheme has Tatiana MOST LIKELY committed?

• A.A fraudulent conveyance
• B.A planned bustout
• C.A concealed transfer
• D.A fraudulent bankruptcy

Dodd is a Certified Fraud Examiner (CFE) who works for Weathervane, a private company Dodd suspects that Burton a Weathervane employee has embezzled money from the company Dodd plans to conduct an internal investigation into the missing funds Based on these facts which of the following is the MOST ACCURATE statement?

• A.Burton can refuse to cooperate with the investigation because he has a fundamental right to remain silent
• B.Burton likely has a duty to cooperate with the investigation as part of the employer-employee relationship
• C.Burton has a duty to cooperate with the investigation even if what is requested from him is not reasonable
• D.Burton can refuse to cooperate with the investigation because he has a fundamental right to privacy

Freya, a government contractor, has been convicted of colluding with other contractors to manipulate the competitive bidding process. After her conviction, Freya's name is added to a list of individuals who are prohibited from bidding on government contracts for a period of five years. The administrative penalty that Freya received is BEST described as:

• A.Disenfranchisement
• B.Debarment
• C.License revocation
• D.License suspension

The Financial Action Task Force (FATF) Recommendations concerning cross-border transfers of currency recommend that countries do which of the following?

• A.Stipulate that financial institutions must inform authorities any time they conduct a transaction involving a cash equivalent originating from another country.
• B.Establish reporting thresholds for physically carrying currency or currency equivalents into or out of a country.
• C.Eliminate the practice of carrying currency above a certain threshold across international borders.
• D.Require individuals to make a disclosure any time currency is physically transported into or out of a country, regardless of the currency amount.