Forensic Accounting and Financial Fraud Detection Quiz
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Questions and Answers

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?

  • 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?

  • 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)

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