Investigation Memo & Case File Flashcards
7 cards from real CFA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Investigation Memo & Case File flashcards as text
Which element is most critical to include at the top of every investigation memo to preserve confidentiality?
Answer: A privilege header such as 'Attorney-Client Privileged / Attorney Work Product'
Privilege headers protect investigation memos from disclosure in litigation by asserting attorney-client or work-product protections.
When documenting a witness interview in a case file, what is the standard format recommended by the ACFE?
Answer: A memorandum of interview written promptly after the interview concludes
The ACFE recommends preparing a memorandum of interview shortly after the session to capture key statements while details are fresh.
A fraud examiner discovers a document that contradicts a key witness statement. Where should this discrepancy first be noted?
Answer: In the relevant section of the working case file with cross-references to both items
Discrepancies must be documented in the working case file with cross-references so the investigative record is complete and auditable.
What is the primary purpose of a 'closing memo' in a fraud investigation case file?
Answer: To summarize final findings, conclusions, and disposition of the matter
A closing memo formally documents that the investigation is concluded and records the final findings, conclusions, and any resulting actions.
Which of the following best describes the 'chain of custody' documentation requirement for physical evidence added to a case file?
Answer: A log recording every person who accessed or transferred the evidence
Chain of custody logs track every individual who handled evidence, ensuring its integrity and admissibility if the case proceeds to litigation.
An investigation memo referencing a prior memo should use which technique to ensure the case file is logically navigable?
Answer: Use a cross-reference notation (e.g., 'See Memo 04, Tab C') and index entries
Cross-reference notations and index entries allow reviewers to quickly locate related materials without duplicating content throughout the file.
Why should investigation memos avoid including the examiner's personal opinions about a subject's guilt?
Answer: Unsupported opinions could expose the examiner to defamation claims and undermine the objectivity of the report
Including unsupported opinions about guilt risks defamation liability and can be attacked in court to discredit the entire investigation.