Forensic Accounting Exam 1 Chapters 1-6
Questions with Correct Answers | Latest Update
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Terms in this set (162)
As consultants, which of Opining on the fair presentation of financial
the following services do statements.
forensic accountants not
provide?
a. Advice on fraud risk
mitigation.
b. Valuation of an estate.
c. Opining on the fair
presentation of financial
statements.
d. Financial impact of
mergers and acquisitions.
When performing dispute Mediators; arbitrators
resolution services,
forensic accountants can
serve as ______ or _______.
a. Facilitators; advocators.
b. Mediators; arbitrators.
c. Judge; jury.
d. None of the above.
,Internal fraud schemes Internal controls
typically involve
weaknesses in ________.
a. Accounting.
b. Internal controls.
c. Leadership.
d. Assessment.
Having knowledge in All of the above
which of the following
areas is important for a
forensic accountant?
a. Information technology.
b. Psychology.
c. Criminology.
d. All of the above
The use of expert Assist the trier of fact.
witnesses is primarily to
do which of the following?
a. Settle disputes out-of-
court.
b. Assist the trier of fact.
c. Be an advocate for the
defendant or plaintiff.
d. Fulfill the court's
obligation of due
diligence.
According to professional False
standards, forensic
accountants are engaged
only to assist lawyers as
they prepare for litigation.
a. True.
b. False.
, To work effectively, a Enharmonic equivalents
forensic accountant
should have a basic
understanding of all of the
following except:
a. Rules of evidence.
b. Law applicable to
conspiracy crimes.
c. Court systems.
d. Enharmonic
equivalents.
Whereas traditional False
accounting has many
subspecialties such as
cost accounting, forensic
accounting has relatively
few sub-specialties.
a. True.
b. False.
Auditors and forensic Are allowed to formulate opinions to assist their
accountants are similar in clients and others.
that they both______.
a. Use the auditing
standards issued by the
AICPA to guide their work.
b. Are required to be
independent of their
clients.
c. Are allowed to
formulate opinions to
assist their clients and
others.
d. Must be licensed to
practice by the states in
which they practice.
Questions with Correct Answers | Latest Update
Save
Terms in this set (162)
As consultants, which of Opining on the fair presentation of financial
the following services do statements.
forensic accountants not
provide?
a. Advice on fraud risk
mitigation.
b. Valuation of an estate.
c. Opining on the fair
presentation of financial
statements.
d. Financial impact of
mergers and acquisitions.
When performing dispute Mediators; arbitrators
resolution services,
forensic accountants can
serve as ______ or _______.
a. Facilitators; advocators.
b. Mediators; arbitrators.
c. Judge; jury.
d. None of the above.
,Internal fraud schemes Internal controls
typically involve
weaknesses in ________.
a. Accounting.
b. Internal controls.
c. Leadership.
d. Assessment.
Having knowledge in All of the above
which of the following
areas is important for a
forensic accountant?
a. Information technology.
b. Psychology.
c. Criminology.
d. All of the above
The use of expert Assist the trier of fact.
witnesses is primarily to
do which of the following?
a. Settle disputes out-of-
court.
b. Assist the trier of fact.
c. Be an advocate for the
defendant or plaintiff.
d. Fulfill the court's
obligation of due
diligence.
According to professional False
standards, forensic
accountants are engaged
only to assist lawyers as
they prepare for litigation.
a. True.
b. False.
, To work effectively, a Enharmonic equivalents
forensic accountant
should have a basic
understanding of all of the
following except:
a. Rules of evidence.
b. Law applicable to
conspiracy crimes.
c. Court systems.
d. Enharmonic
equivalents.
Whereas traditional False
accounting has many
subspecialties such as
cost accounting, forensic
accounting has relatively
few sub-specialties.
a. True.
b. False.
Auditors and forensic Are allowed to formulate opinions to assist their
accountants are similar in clients and others.
that they both______.
a. Use the auditing
standards issued by the
AICPA to guide their work.
b. Are required to be
independent of their
clients.
c. Are allowed to
formulate opinions to
assist their clients and
others.
d. Must be licensed to
practice by the states in
which they practice.
