Forensic Accounting and Financial Fraud Detection Quiz
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Questions and Answers

Which of the following is the primary purpose of forensic accounting?

  • To manage a company's tax filings
  • To prepare financial statements for a company
  • To provide legal advice to clients
  • To detect and prevent financial fraud (correct)

    • When is forensic accounting typically used?

  • To determine employee salaries
  • To manage a company's investments
  • To investigate allegations of financial misconduct (correct)
  • To prepare a company's budget

    • What kind of fraud can forensic accounting investigate?

  • Stock market fraud (correct)
  • Real estate fraud
  • All of the above
  • Healthcare fraud

    • Which of the following is NOT a potential type of fraud that forensic accounting can investigate?

    <p>Embezzlement</p> Signup and view all the answers

    What is the purpose of forensic accounting in investigating allegations of financial misconduct?

    <p>To identify the financial magnitude of the alleged fraud</p> Signup and view all the answers

    In what setting are the findings of a forensic accounting investigation typically presented?

    <p>To the client and sometimes in court</p> Signup and view all the answers

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