FORENSIC AND INVESTIGATIVE
ACCOUNTING 9TH EDITION CRUMBLEY
TEST BANK ACTUAL EXAM SCRIPT 2026
FULL QUESTIONS AND CORRECT ANSWERS
⩥ Forensic Accounting. Answer: - different from traditional accounting.
- not limited to the use of financial investigations that result in legal
prosecution
- but if this is the purpose, the investigation and analysis must meet the
standards required in the court of law that has jurisdiction over the
crime.
⩥ Forensic Accounting. Answer: There is no reference to fraud in the
definition of _ _ although fraud investigations are certainly a part of _ _
⩥ What does the Forensic Accountant do?. Answer: Forensic
Accountants apply special skills in:
accounting
auditing
finance
quantitative methods
certain areas of the law
, research
investigative skills
... to *collect, analyze, and evaluate evidential matter and to interpret
and communicate findings*
⩥ The AICPA classifies forensic accounting into two categories.
Answer: investigative services and litigation services
⩥ Investigative Services. Answer: - includes the work of the fraud
examiner or fraud auditor
- The fraud examiner will detect, prevent and control fraud defalcation
and misrepresentation.
⩥ Litigation services. Answer: includes testimony of a fraud examiner as
well as forensic accounting services offered to resolve valuation issues,
such as in a divorce case.
⩥ Management's Responsibility for the Financial Statements. Answer: -
Management is responsible for the *preparation* and *fair presentation*
of consolidated financial statements in accordance with U.S. GAAP
Their responsibility includes the: design, implementation, and
maintenance of *internal controls* relevant to the preparation and fair
ACCOUNTING 9TH EDITION CRUMBLEY
TEST BANK ACTUAL EXAM SCRIPT 2026
FULL QUESTIONS AND CORRECT ANSWERS
⩥ Forensic Accounting. Answer: - different from traditional accounting.
- not limited to the use of financial investigations that result in legal
prosecution
- but if this is the purpose, the investigation and analysis must meet the
standards required in the court of law that has jurisdiction over the
crime.
⩥ Forensic Accounting. Answer: There is no reference to fraud in the
definition of _ _ although fraud investigations are certainly a part of _ _
⩥ What does the Forensic Accountant do?. Answer: Forensic
Accountants apply special skills in:
accounting
auditing
finance
quantitative methods
certain areas of the law
, research
investigative skills
... to *collect, analyze, and evaluate evidential matter and to interpret
and communicate findings*
⩥ The AICPA classifies forensic accounting into two categories.
Answer: investigative services and litigation services
⩥ Investigative Services. Answer: - includes the work of the fraud
examiner or fraud auditor
- The fraud examiner will detect, prevent and control fraud defalcation
and misrepresentation.
⩥ Litigation services. Answer: includes testimony of a fraud examiner as
well as forensic accounting services offered to resolve valuation issues,
such as in a divorce case.
⩥ Management's Responsibility for the Financial Statements. Answer: -
Management is responsible for the *preparation* and *fair presentation*
of consolidated financial statements in accordance with U.S. GAAP
Their responsibility includes the: design, implementation, and
maintenance of *internal controls* relevant to the preparation and fair
