CFE-Law Certified Fraud Examiner (CFE) - Law Question and Answers

IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets

IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developing nations

IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets

IOSCO is recognized as the international standard-setter for securities markets

The presence of a jury is always required to make factual findings in a common law criminal trial

A panel of a professional judge and lay judges usually serves as the fact finder in serious cases

A judge is typically responsible for factual findings

Juries usually serve as the fact finder in serious cases

Preservation order

Declaratory relief

Prejudgment attachment

Litigation hold

Adversarial process

Substantive law process

Inquisitorial process

Common law process

As part of his sentence for embezzlement, a defendant is ordered to pay back his employer for the money he stole.

As part of her sentence for bribery a defendant is ordered to transfer a car she received as a bribe to the government

As part of her sentence for money laundering a defendant is sentenced to a three- to five-year term of incarceration

As part of his sentence for tax evasion, a Defendant is ordered to pay a fine of $10,000 to the government

Allison cannot be fired for misappropriating funds from her employer

Allison cannot be fired for any reason

Alison cannot be fired for informing the government of her employee’s fraud

None of the above

Like the FCPA the UK Bribery Act contains an explicit exception for facilitating payments

Even if an organization's anti-corruption program complies with the FCPA, it might not be sufficient for the purpose of complying with the UK Bribery Act

Unlike the FCPA. the UK Bribery Act makes it a crime to bribe a foreign public official in connection with international business transactions

The UK Bribery Act only exercises jurisdiction over individuals and corporate entities for acts of corruption when the offense occurs outside the United Kingdom

The jurisdiction's commerce department or equivalent agency

The creditor with the largest claim against the debtor

The debtor, supervised by an independent insolvency representative

An independent insolvency representative

Existence of fraud risk factors

Existence of violation red flags

Existence of interstate compacts

Existence of an employment contract

When he first deposited the funds into a domestic account

When he first stole the cash from his employer

When he moved the funds through several transactions using foreign accounts

When he spent the money

The entity's website contains detailed background information.

There is an unexplained absence of customer complaints against the entity.

There are justified gaps in the work history of promoters at the entity

The agents working at the entity have criminal records.

Circumstantial evidence

Testamentary evidence

Demonstrative evidence

Relevant evidence