Forensic Accounting Exam 1Questions and Answers Graded A+

Forensic Accounting Exam 1Questions
and Answers Graded A+

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
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, 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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