ACFE CFE-Law Exam - Topic 1 Question 6 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 6
Topic #: 1

Frederick has multiple high-volume foreign bank accounts. The country he lives in requires him to report such accounts annually for tax purposes but he regularly and intentionally fails to report his accounts in order to reduce the amount of taxes he must pay. Which of the following schemes has Frederick MOST LIKELY committed?

AA tax credit evasion scheme

BA value-added tax evasion scheme

CAn excise tax evasion scheme

DAn income and wealth tax evasion scheme

Show Suggested Answer

Suggested Answer: D

by Brock at Aug 19, 2022, 04:39 PM

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Nichelle

4 months ago

Seems like a risky move, not sure it’s worth it.

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Sylvie

4 months ago

No way he’s getting away with it for long!

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Avery

4 months ago

Wait, can you really get away with that?

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Ilene

5 months ago

I think it's more about tax credit evasion.

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Delisa

5 months ago

Definitely an income and wealth tax evasion scheme.

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Adolph

5 months ago

I was confused about the different types of tax evasion, but I think Frederick's actions fit best with income and wealth tax evasion.

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Rory

5 months ago

This seems similar to practice questions we did on tax evasion, and I think the answer is D, an income and wealth tax evasion scheme.

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Coletta

5 months ago

I'm not entirely sure, but I think it might be a tax credit evasion scheme? I need to double-check the definitions.

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Theodora

5 months ago

I remember studying tax evasion schemes, and this sounds like it could be related to income and wealth tax evasion since he's not reporting his foreign accounts.

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Lavonda

5 months ago

This seems like a straightforward question about requirements-based testing. I'll review the options carefully and try to identify the key characteristics of this testing approach.

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Ben

5 months ago

I'm a little unsure about this one. I'll need to carefully review the details and make sure I understand the differences between the storage services and accounts before answering.

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Edwin

5 months ago

This seems like a straightforward question about the potential issues with using a cloud storage service. I'm pretty confident I can figure this out.

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Chaya

5 months ago

Hmm, I'm not sure about this one. I'll have to think it through carefully.

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Tammy

5 months ago

This looks like a straightforward question about organizational units. I'll focus on the key details - responsibilities, return on investment, and the different types of centers mentioned.

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