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CFE-Law Exam Dumps - ACFE Certified Fraud Examiner Questions and Answers

Question # 14

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

Options:

A.

Certification in a specific field is always enough to qualify an expert

B.

An excerpt is not qualified to testify unless all parties to the litigation approve

C.

Experts are generally prohibited from serving as expert witnesses in multiple cases

D.

The qualification of an expert is generally based on standardized requirements

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Question # 15

Which of the following describes the purpose of an expert witness testimony at trial?

Options:

A.

To offer an opinion as to a party's guilt or innocence

B.

To give a firsthand account of the fads of the case on the record

C.

To give an opinion when the fact finder needs specialized knowledge

D.

None of the above

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Question # 16

Which of the following is NOT required for a contract transaction or scheme to be classified as an investment contract?

Options:

A.

The expectation of making a profit

B.

Profits derived solely from the investor's management activity

C.

investment m a common enterprise

D.

An investment of money or other asset

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Question # 17

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?

Options:

A.

Declaratory relief

B.

Carnages

C.

Equitable relief

D.

Injunction

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Question # 18

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?

Options:

A.

A fraudulent bankruptcy

B.

A fraudulent conveyance

C.

A planned bustout

D.

A concealed transfer

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Exam Code: CFE-Law
Exam Name: Certified Fraud Examiner (CFE) - Law
Last Update: Feb 23, 2025
Questions: 103
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