Mastering Forensic Accounting

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Questions and Answers

Forensic accountants are often called upon by which of the following entities?

  • Universities
  • Banks (correct)
  • Movie theaters
  • Restaurants

What is the main purpose of forensic accounting?

  • To uncover and investigate financial crimes (correct)
  • To provide financial advice to individuals
  • To conduct audits for government agencies
  • To manage financial records for businesses

What contributes to the growth of the forensic accounting profession?

  • Increase in fraud detection technology
  • Decrease in financial crimes
  • Decrease in cushy crimes
  • Increase in law enforcement agencies (correct)

What role can a forensic accountant play in court?

<p>Expert witness (D)</p> Signup and view all the answers

What is the key factor that determines the validity of results found by a forensic accountant?

<p>The knowledge and skills of the forensic accountant (D)</p> Signup and view all the answers

Which of the following is NOT a role that a forensic accountant can play in court?

<p>Prosecutor (C)</p> Signup and view all the answers

What is one reason why banks and insurance companies have started using forensic accountants?

<p>To investigate financial crimes (C)</p> Signup and view all the answers

What is the main purpose of scientific bookkeeping in relation to financial crime?

<p>To reveal or detect financial crimes (D)</p> Signup and view all the answers

What is a key factor that determines the validity of results found by a forensic accountant?

<p>The knowledge and skills of the forensic accountant (C)</p> Signup and view all the answers

What has contributed to the growth of the forensic accounting profession?

<p>An increase in cushy crimes (B)</p> Signup and view all the answers

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