ACFE Exam CFE-Law Topic 1 Question 12 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 12
Topic #: 1

Ellis works for a business that filed for bankruptcy. The administrator presiding over the bankruptcy contacts Ellis and requests information regarding his employer's financial affairs Assuming the administrator has all of the powers recommended in the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles) which of the following is TRUE?

AThe administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.

BThe administrator has no power to obtain the information under any circumstances

CThe administrator may compel Ellis to provide the information despite Ellis's relationship to the business

DThe administrator may not obtain the information unless the business agrees in writing

Show Suggested Answer

Suggested Answer: C

by Arminda at Dec 26, 2022, 05:52 PM

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