Acct 574 week 4 midterm Study guides, Class notes & Summaries

1. Question : (TCO A) Which statement is false? Student Answer: The Public Oversight Board suggested an attitudinal shift in an auditor's degree of skepticism. If a forensic accountant conducts a separate fraud investigation, he or she must follow consulting standards. In the early 1980s, changed auditing standards resulted in less reliance on internal controls. The Public Oversight Board's report occurred before the Sarbanes­ Oxley Act. All of the above are true ( ) Instructor Expla...

ACCT 574 Week 4 Midterm Exam Page: 1 2 1. Question : (TCO A) Which statement is false? Student Answer: The Public Oversight Board suggested an attitudinal shift in an auditor's degree of skepticism. If a forensic accountant conducts a separate fraud investigation, he or she must follow consulting standards. In the early 1980s, changed auditing standards resulted in less reliance on internal controls. The Public Oversight Board's report occurred before the SarbanesOxley Act. All of the ...

ACCT 574 Week 4 Midterm 1. (TCO A) Which statement is false? 2. (TCO A) What would be a task of a litigation services practitioner? 3. (TCO A) Which is not a forensic­type certificate? 4. (TCO A) Under the “KPMG” categories of fraud, what would probably not be an external fraud? 5. (TCO A) Which statement is false? 6. (TCO A) What is an investigative technique used by the SEC to investigate specific companies for cooking the books? 7. (TCO A) Which would be a preventive control? 8. ...