CFF 2025/2026 PRACTICE QUESTIONS FULLY SOLVED STUDY TEST GUIDE (VERIFIED
SOLUTIONS)
In Ron's suit against Second National Bank, the discovery phase would include all of the
following except.
a. Ron's complaint
b. Ron's deposition
c. Ron's request for Second National's admissions
d. Second National's replies to Ron's interrogatories
e. None of the above
a is the best answer since the filing of a complaint does not involve the discovery phase
Home Appliances files a suit against HH Jones Corp over a contract between them. Before
the trial starts, what can HH Jones obtain from Home Appliances?
a. Access to related documents in Home's possession
b. Accurate information about Home's trade secrets
c. An admission of the truth of matters unrelated to the contract
d. All of the above
e. None of the above
a is the best answer since H.H. Jones Inc. may obtain access to related documents during
discovery and before trial
Abusive tactics are fostered by the court system because ______.
a. Attorneys know that lawyers are given only one opportunity to comply with all discovery
requests
,b. Lawyers have an incentive to increase discovery costs as they can bill their clients for
more hours worked
c. No penalties exist for using abusive tactics
d. None of the above
a is the best answer since H.H. Jones Inc. may obtain access to related documents during
discovery and before trial
The FRCP allows each party up to 10 depositions ____________.
a. To be taken however the party sees fit.
b. To be computed discretely allowing for the fact that a witness's deposition may be taken
more than once.
c. To be calculated cumulatively for plaintiffs, defendants, and third-party defendants.
d. As long as they are taken in a one-year time span.
e. None of the above.
c is the best answer since the 10 depositions limit is calculated cumulatively for plaintiffs,
defendants, and third-party defendants
If a party refuses to answer an interrogatory, the opposing party may file a motion to
compel an answer. A motion to compel an answer _____.
a. Will be granted if the moving party shows the answer is necessary to prepare for trial.
b. May be denied if the question asked is subject to timely and valid objection
c. May be denied if the question asked is an invasion of privacy of the other party.
d. Will be granted if the opposing party does not file a motion to refuse to respond.
e. None of the above
,b is the best answer since a court may deny a motion to compel an answer if the refusing
party makes a specifically stated valid objection on a timely basis
For an item to be discoverable, it must appear that it will lead to admissible evidence. True
or false?
True
A set of interrogatories must be signed by the ______?
Client
As consultants, which of the following services do 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
c. Opining on the fair presentation of financial statements
When performing dispute resolution services, forensic accountants can serve as _____ or
______.
a. Facilitators and advocators
b. Mediators and arbitrators
c. Judge and jury
d. None of the above.
Forensic accountants may serve as mediators and arbitrators.
, Internal fraud schemes typically involve weaknesses in ____?
a. Accounting
b. Internal controls
c. Leadership
d. Assessment
b. Internal controls
The absence (or lack of) adequate internal controls provides an opportunity for internal
fraud schemes to occur.
Having knowledge in which of the following areas is important for a forensic accountant?
a. Information technology
b. Psychology
c. Criminology
d. All of the above
d. All of the above
The use of an expert witness 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
SOLUTIONS)
In Ron's suit against Second National Bank, the discovery phase would include all of the
following except.
a. Ron's complaint
b. Ron's deposition
c. Ron's request for Second National's admissions
d. Second National's replies to Ron's interrogatories
e. None of the above
a is the best answer since the filing of a complaint does not involve the discovery phase
Home Appliances files a suit against HH Jones Corp over a contract between them. Before
the trial starts, what can HH Jones obtain from Home Appliances?
a. Access to related documents in Home's possession
b. Accurate information about Home's trade secrets
c. An admission of the truth of matters unrelated to the contract
d. All of the above
e. None of the above
a is the best answer since H.H. Jones Inc. may obtain access to related documents during
discovery and before trial
Abusive tactics are fostered by the court system because ______.
a. Attorneys know that lawyers are given only one opportunity to comply with all discovery
requests
,b. Lawyers have an incentive to increase discovery costs as they can bill their clients for
more hours worked
c. No penalties exist for using abusive tactics
d. None of the above
a is the best answer since H.H. Jones Inc. may obtain access to related documents during
discovery and before trial
The FRCP allows each party up to 10 depositions ____________.
a. To be taken however the party sees fit.
b. To be computed discretely allowing for the fact that a witness's deposition may be taken
more than once.
c. To be calculated cumulatively for plaintiffs, defendants, and third-party defendants.
d. As long as they are taken in a one-year time span.
e. None of the above.
c is the best answer since the 10 depositions limit is calculated cumulatively for plaintiffs,
defendants, and third-party defendants
If a party refuses to answer an interrogatory, the opposing party may file a motion to
compel an answer. A motion to compel an answer _____.
a. Will be granted if the moving party shows the answer is necessary to prepare for trial.
b. May be denied if the question asked is subject to timely and valid objection
c. May be denied if the question asked is an invasion of privacy of the other party.
d. Will be granted if the opposing party does not file a motion to refuse to respond.
e. None of the above
,b is the best answer since a court may deny a motion to compel an answer if the refusing
party makes a specifically stated valid objection on a timely basis
For an item to be discoverable, it must appear that it will lead to admissible evidence. True
or false?
True
A set of interrogatories must be signed by the ______?
Client
As consultants, which of the following services do 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
c. Opining on the fair presentation of financial statements
When performing dispute resolution services, forensic accountants can serve as _____ or
______.
a. Facilitators and advocators
b. Mediators and arbitrators
c. Judge and jury
d. None of the above.
Forensic accountants may serve as mediators and arbitrators.
, Internal fraud schemes typically involve weaknesses in ____?
a. Accounting
b. Internal controls
c. Leadership
d. Assessment
b. Internal controls
The absence (or lack of) adequate internal controls provides an opportunity for internal
fraud schemes to occur.
Having knowledge in which of the following areas is important for a forensic accountant?
a. Information technology
b. Psychology
c. Criminology
d. All of the above
d. All of the above
The use of an expert witness 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
