Treasury Enforcement Agent Exam Professional Standards & Competencies 2

Question 1

A Treasury Enforcement Agent receives a tip from a confidential informant about a potential tax fraud scheme. What is the FIRST action the agent should take?

Accepted Answer

Evaluate the informant's reliability and corroborate the information

Answer

Agents must assess informant credibility and independently corroborate information before taking investigative action.

Question 2

Which of the following best describes the concept of 'due diligence' as applied to Treasury Enforcement Agent investigations?

Accepted Answer

Conducting thorough, careful, and complete investigative steps appropriate to the case

Answer

Due diligence requires agents to apply thorough and careful investigation appropriate to each case's complexity.

Question 3

When a Treasury agent discovers that a colleague has accepted gifts from a subject under investigation, the agent should:

Accepted Answer

Report the conduct through proper channels such as the Inspector General

Answer

Acceptance of gifts from subjects under investigation is an ethics violation that must be reported to the Inspector General.

Question 4

An agent is testifying in federal court about a financial investigation. The MOST important standard the agent must uphold is:

Accepted Answer

Providing complete, accurate, and truthful testimony regardless of outcome

Answer

Agents must provide truthful and complete testimony; shading facts to favor the prosecution violates professional and legal standards.

Question 5

The Privacy Act of 1974 requires Treasury Enforcement Agents to:

Accepted Answer

Protect personally identifiable information collected during investigations

Answer

The Privacy Act mandates that agencies protect personally identifiable information and restrict its disclosure.

Treasury Enforcement Agent Exam Practice Test

Treasury Enforcement Agent Exam Practice Test

Treasury Enforcement Agent Exam Professional Standards & Competencies 2