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Questions and Answers
Which of the following is NOT a type of fraud that forensic accounting can investigate?
Which of the following is NOT a type of fraud that forensic accounting can investigate?
- Cyber fraud
- Tax fraud (correct)
- Bank fraud
- Stock market fraud
What is the purpose of forensic accounting when a client makes an allegation of financial misconduct?
What is the purpose of forensic accounting when a client makes an allegation of financial misconduct?
- To determine the financial magnitude of the alleged fraud (correct)
- To provide a loan to the client to cover the losses
- To dismiss the allegation as unfounded
- To prosecute the alleged fraudster immediately
What is the main role of forensic accounting in a court of law?
What is the main role of forensic accounting in a court of law?
- To prosecute the alleged fraudster
- To dismiss the case as unfounded
- To provide legal advice to the client
- To serve as evidence of fraud or the absence of it (correct)
