CFS Investigation Techniques & Ethics 2

Question 1

During a fraud investigation, an investigator discovers evidence of wrongdoing by a colleague. What is the ethical obligation?

Accepted Answer

Report it through appropriate channels regardless of relationships

Answer

Investigators have a professional duty to report discovered wrongdoing through proper channels, even when it involves colleagues.

Question 2

Which technique is MOST appropriate when an investigator wants to assess the truthfulness of a subject's statement without a formal interview?

Accepted Answer

Statement analysis of written accounts

Answer

Statement analysis examines the linguistic structure of written or verbal accounts to identify deception indicators without formal interrogation.

Question 3

An investigator is conducting a net worth analysis on a fraud suspect. What does a significant unexplained increase in net worth suggest?

Accepted Answer

Possible undisclosed income from fraud proceeds

Answer

Unexplained net worth increases that exceed known income sources are a classic indicator of concealed fraud proceeds.

Question 4

Which of the following best describes the concept of 'chain of custody' in fraud investigations?

Accepted Answer

The documented sequence of possession and control of evidence

Answer

Chain of custody documents who collected, handled, transferred, and stored evidence to ensure its integrity and admissibility.

Question 5

A CFS investigator is asked by management to exclude certain findings from the investigation report. What is the proper response?

Accepted Answer

Refuse and document the request, as all material findings must be reported

Answer

Investigators must maintain objectivity and completeness; suppressing material findings compromises professional integrity and may constitute obstruction.

(CFS) Certified Fraud Specialist Practice Test

(CFS) Certified Fraud Specialist Practice Test

CFS Investigation Techniques & Ethics 2