FORENSIC AND INVESTIGATIVE
ACCOUNTING 9TH EDITION CRUMBLEY
TEST BANK EXAM STUDY GUIDE 2026
TESTED QUESTIONS WITH FULL SOLUTION
⩥ Peremptory refers to: Answer: Be there first.
⩥ What is not an indirect IRS audit technique? Answer: Finding an
unreported sale of land.
⩥ Which statement is false?
1) The Public Oversight Board was an independent private sector body
created in 1977.
2) The Public Oversight Board's report recommended a number of
forensic techniques to
be included in audits.
3) The Panel on Audit Effectiveness Report occurred before the issuance
of SAS No. 99.
Correct Answer
, 4) The Public Oversight Board's report suggested converting a
traditional audit to a "fraud
audit."
5) All of the above are true. Answer: The Public Oversight Board's
report suggested converting a traditional audit to a "fraud audit."
⩥ What was the smoking gun to convict Al Capone? Answer: An
accountant's cash receipts ledger.
⩥ Which white-collar crimes does the FBI investigate? Answer: All of
the above.
⩥ When comparing a forensic audit with a financial audit, which item
would indicate a financial audit? Answer: A sampling process.
⩥ Which would probably not be an added procedure in a forensic
audit? Answer: Extensive use of interviews.
⩥ An AICPA committee in 1986 broke forensic accounting into two
broad areas: Answer: Investigative accounting and litigation
support.
ACCOUNTING 9TH EDITION CRUMBLEY
TEST BANK EXAM STUDY GUIDE 2026
TESTED QUESTIONS WITH FULL SOLUTION
⩥ Peremptory refers to: Answer: Be there first.
⩥ What is not an indirect IRS audit technique? Answer: Finding an
unreported sale of land.
⩥ Which statement is false?
1) The Public Oversight Board was an independent private sector body
created in 1977.
2) The Public Oversight Board's report recommended a number of
forensic techniques to
be included in audits.
3) The Panel on Audit Effectiveness Report occurred before the issuance
of SAS No. 99.
Correct Answer
, 4) The Public Oversight Board's report suggested converting a
traditional audit to a "fraud
audit."
5) All of the above are true. Answer: The Public Oversight Board's
report suggested converting a traditional audit to a "fraud audit."
⩥ What was the smoking gun to convict Al Capone? Answer: An
accountant's cash receipts ledger.
⩥ Which white-collar crimes does the FBI investigate? Answer: All of
the above.
⩥ When comparing a forensic audit with a financial audit, which item
would indicate a financial audit? Answer: A sampling process.
⩥ Which would probably not be an added procedure in a forensic
audit? Answer: Extensive use of interviews.
⩥ An AICPA committee in 1986 broke forensic accounting into two
broad areas: Answer: Investigative accounting and litigation
support.
