CFA Investigation Memo & Case File 2

Question 1

Which element is most critical to include at the top of every investigation memo to preserve confidentiality?

Accepted Answer

A privilege header such as 'Attorney-Client Privileged / Attorney Work Product'

Answer

Privilege headers protect investigation memos from disclosure in litigation by asserting attorney-client or work-product protections.

Question 2

When documenting a witness interview in a case file, what is the standard format recommended by the ACFE?

Accepted Answer

A memorandum of interview written promptly after the interview concludes

Answer

The ACFE recommends preparing a memorandum of interview shortly after the session to capture key statements while details are fresh.

Question 3

A fraud examiner discovers a document that contradicts a key witness statement. Where should this discrepancy first be noted?

Accepted Answer

In the relevant section of the working case file with cross-references to both items

Answer

Discrepancies must be documented in the working case file with cross-references so the investigative record is complete and auditable.

Question 4

What is the primary purpose of a 'closing memo' in a fraud investigation case file?

Accepted Answer

To summarize final findings, conclusions, and disposition of the matter

Answer

A closing memo formally documents that the investigation is concluded and records the final findings, conclusions, and any resulting actions.

Question 5

Which of the following best describes the 'chain of custody' documentation requirement for physical evidence added to a case file?

Accepted Answer

A log recording every person who accessed or transferred the evidence

Answer

Chain of custody logs track every individual who handled evidence, ensuring its integrity and admissibility if the case proceeds to litigation.

CFA Practice Test