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ACFE CFE-Law Exam - Topic 1 Question 2 Discussion

Actual exam question for ACFE's CFE-Law exam
Question #: 2
Topic #: 1
[All CFE-Law Questions]

Which of the following is the MOST ACCURATE statement about the circumstances under which a conflict of interest claim would be actionable against an agent?

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Suggested Answer: B

by Vincenza at Aug 23, 2022, 06:37 PM

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Ezekiel
4 months ago
D seems too strict, not every transaction needs actual authority, right?
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Felix
4 months ago
I agree with B, it’s all about transparency in professional roles.
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Vallie
4 months ago
Wait, can it really be actionable if the agent didn't inform the principal? Sounds off.
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Annelle
5 months ago
I think A is more accurate, the principal needs to be identified first.
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Markus
5 months ago
Definitely B, undisclosed interests are a big deal!
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Goldie
5 months ago
I practiced a similar question where authority was key, so I wonder if option D could also be relevant here. But I'm not completely confident.
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Brett
5 months ago
I thought it was important for the agent to inform the principal about their actions, but I can't recall if that alone makes it actionable. Maybe option C?
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Shakira
5 months ago
I'm not entirely sure, but I feel like the agent needs to be acting on behalf of a principal for a claim to be actionable. That makes me lean towards option A.
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Helaine
5 months ago
I remember discussing how an agent's undisclosed interests can lead to conflicts of interest, so I think option B might be the right choice.
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Brianne
5 months ago
I'm pretty confident that "nmcli device" and "nmcli connection" are valid subcommands, but I'm not sure about the others.
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Aliza
5 months ago
Hmm, this seems straightforward. I'll need to carefully review the information about the investment classification and the accounting treatment of the agency fees.
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Ashton
5 months ago
Okay, I think I've got a plan. I'll update the user's sign-in name in the user record, and then I'll check to make sure that all the application history is still intact. Hopefully, that will do the trick.
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Eladia
5 months ago
This question seems straightforward, but I want to make sure I understand the key factors the auditor should consider. I'll need to carefully review the options.
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Maile
5 months ago
I remember something about copying objects and the constructor count, but 15 seems too high.
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