Forensic Accounting Exam 1 Questions with Correct Answers 100% Pass

Forensic Accounting Exam 1

Questions with Correct Answers

100% Pass


Forensic accounting and fraud auditing are synonymous - CORRECT ANSWER-

False

The scribes of ancient Egypt were the forerunners of today's accountants -

CORRECT ANSWER-True

Over time the definition of forensic accounting has changed from being an

investigative accountant to litigation support (testifying in court) - CORRECT

ANSWER-Fales

Accountants as expert witnesses began in criminal and arbitration cases -

CORRECT ANSWER-False

Arbitration was the driving force for expert witnessing in England in the early

years - CORRECT ANSWER-True

Arthur Andersen created a CPA firm that eventually disappeared - CORRECT

ANSWER-True

, G. Jack Bologna was the author of the first forensic accounting book - CORRECT

ANSWER-False

An AICPA committee in 1986 broke forensic accounting into two broad areas:

investigative accounting and litigation support - CORRECT ANSWER-True

Consulting standards may apply to a forensic accountant - CORRECT ANSWER-

True

A forensic audit is generally a sampling activity - CORRECT ANSWER-False

The smoking gun to convict Al Capone was a cash receipts journal with Capone's

name on it - CORRECT ANSWER-False

Plagiarism is considered to be fraud - CORRECT ANSWER-True

A forensic accountant uses interviews and leveraging techniques designed to elicit

sufficient information to prove or disapprove a hypothesis - CORRECT

ANSWER-True

A forensic accountant does not search public records - CORRECT ANSWER-

False

Satyam in India means truth - CORRECT ANSWER-True

Expert witnessing can be traced to a court decision in 1817 in what country? -

CORRECT ANSWER-Canada

Who was probably the first modern forensic accountant? - CORRECT ANSWER-

James McClelland

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