Acfe law questions - Study guides, Class notes & Summaries

ACFE: LAW QUESTIONS AND ANSWERS

CCEP Glossary Exam Questions and Answers 100% Pass Accounting and Auditing Enforcement Releases (AAER) - Correct Answer ️️ -Financial reporting related enforcement actions concerning civil lawsuits brought by the Commission in federal court and notices and orders concerning the institution and/or settlement of administrative proceedings. Accredited Investors - Correct Answer ️️ -Term used by the SEC under Regulation D to refer to investors who are financially sophisticated and hav...

CCEP Glossary Exam Questions and Answers 100% Pass Accounting and Auditing Enforcement Releases (AAER) - Correct Answer ️️ -Financial reporting related enforcement actions concerning civil lawsuits brought by the Commission in federal court and notices and orders concerning the institution and/or settlement of administrative proceedings. Accredited Investors - Correct Answer ️️ -Term used by the SEC under Regulation D to refer to investors who are financially sophisticated and hav...

CCEP Glossary Exam Questions and Answers 100% Pass Accounting and Auditing Enforcement Releases (AAER) - Correct Answer ️️ -Financial reporting related enforcement actions concerning civil lawsuits brought by the Commission in federal court and notices and orders concerning the institution and/or settlement of administrative proceedings. Accredited Investors - Correct Answer ️️ -Term used by the SEC under Regulation D to refer to investors who are financially sophisticated and hav...

ACFE – Investigations Questions And Answers With Verified Solutions ACFE – Investigations Questions And Answers With Verified Solutions

"Placement" of funds is the initial step in the money laundering process. It is the step in which the funds are deposited into a financial institution or taken out of the country. If a money laundering scheme is detected, it is most often detected at this stage. "Layering" involves the creation of numerous transactions to prevent detection, such as moving funds between bank accounts, transferring funds from one form of currency to another, or transferring money between businesses. The final ...

Redemption scheme - buy insurance with bad assets, claim later for legit money Insurance prepayment scheme - make advance payments to store money, take out later in legit money Chapter 7 Bankruptcy - debts eliminated, liquidate assets Deferred prosecution agreement - file charges but promise not to prosecute if defendant does what is asked What cases do lower level courts hear? - hear misdemeanors, felony preliminaries, civil disputes < 10k What cases do higher level court...

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

Auditing Chapters 1-6, questions and answers graded A+ Canadian Public Accountability Board (CPAB) - the board organized to monitor the auditors of public companies in Canada corporate governance "is a set of relationships between the company's management, its board, its shareholders, and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are d...