CH 1:INTRODUCTION TO FORENSIC AND INVESTIGATIVE ACCOUNTING QUQESTIONS WIITH CORRECT ANSWERS

An accountant especially skilled in auditing who is generally engaged in auditing with a view toward fraud discovery, documentation, and prevention. CORRECT ANSWER fraud auditor A __ __ may take on fraud auditing engagements and may be a fraud auditor, but her or she will also use accounting, consulting, and legal skills, he or she will need a working knowledge of the legal system and excellent communication skill to carry out expert testimony in the courtroom and to aid in other litigation support engagements. CORRECT ANSWER forensic accountant Time: Forensic accounting focuses on the __, although it may do so in order to look forward. CORRECT ANSWER past Purpose: Forensic accounting is performed for a specific __ __ or in anticipation or presentation before a __ __. CORRECT ANSWER legal forum, legal forum Peremptory: Forensic accountants may be employed in a wide variety of risk management engagements within a business enterprise as a __ __ __, without the necessity of allegations(e.g., proactive). CORRECT ANSWER matter of right __ __ is the action of identifying, recording, settling, extracting, sorting, reporting, and verifying past financial data or other accounting activities for settling current or prospective legal disputes or using such past financial data for projecting future financial data to settle legal disputes. CORRECT ANSWER forensic accounting Temple priests took inventory of village livestock. CORRECT ANSWER 10,000 years ago Scribes recorded ruler's wealth. CORRECT ANSWER 3,000 B.C.