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ACFE CFE-Fraud-Investigations-and-Legal-Issues Exam Syllabus Topics:

SectionWeightObjectives
Specialized Fraud Laws15-25%- Money laundering and financial regulations
- Bankruptcy fraud
- Tax fraud
- Securities fraud
Individual Rights During Examinations10-15%- Rights in public vs private sector
- Employee rights and duties
- Whistleblower protections
Law Related to Fraud10-15%- Conspiracy and obstruction of justice
- Fraud and misrepresentation
- Mail, wire, and false claims fraud
- Corruption and bribery laws
Rules of Evidence and Testimony10-15%- Expert witness standards and testimony
- Hearsay and exceptions
- Admissibility of evidence
Legal Systems and Procedures10-15%- Overview of legal systems
  • 1. Civil vs. common law
    • 2. Adversarial vs. inquisitorial processes
      - Civil and criminal litigation
      • 1. Criminal prosecution procedures
        • 2. Civil litigation process
          Fraud Investigation Methodology20-25%- Evidence collection and preservation
          - Investigation reporting and documentation
          - Interview and interrogation techniques
          - Data analysis and tracing illicit transactions
          - Investigation planning and scope

          ACFE Certified Fraud Examiner (CFE) - Fraud Investigations and Legal Issues Sample Questions:

          1. IBC Manufacturing is a private company in a jurisdiction in which the public has the legal right to be free from unreasonable search and seizure by government authorities. An investigator at IBC searches the desk of Denise an IBC employee and finds illegal narcotics. The investigator seizes the narcotics and turns them over to members of law enforcement. The investigator violated Denises rights by failing to obtain a search warrant before conducting the search

          A) True
          B) False


          2. When reporting the results of a fraud examination, it is BEST to include copies (not originals) of important documents in the formal report.

          A) True
          B) False


          3. In civil law systems, which of the following statements is MOST ACCURATE concerning appellate court review of civil trials?

          A) Appellate courts are obligated to modify the trial court's decision in some capacity.
          B) Appellate courts may gather new evidence and obtain additional testimony.
          C) Appellate courts are limited to reviewing factual determinations, not legal decisions.
          D) Appellate courts are limited to reviewing legal decisions, not factual determinations.


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


          5. If you are seizing a computer for forensic analysis, why is it generally necessary to seize any copiers connected to it?

          A) Most copiers store, process, and transmit data m a cloud environment
          B) Many copiers have internal hard drives that might contain information relevant to a fraud examination
          C) Many copiers connect via parallel cables, which store and transmit copy job data.
          D) Most copiers today are nonimpact copiers, meaning that they store copied images indefinitely.


          Solutions:

          Question # 1
          Answer: A
          Question # 2
          Answer: A
          Question # 3
          Answer: B
          Question # 4
          Answer: B
          Question # 5
          Answer: B

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