1-a forensice accountant who determines the amount of lost profits due to busine

Question

1-a forensice accountant who determines the amount of lost profits due to business interuption would be working
in which of the following areas?
a- valuation
b- estimation
c- finacnial determination
d- auditing

2= corporate scandals prompted companies to begin using which of the following?
a-forensice audits
b- fraud=intensive audits
c- proactive fraud checkups
d= internal control systems

3-how do the objective differ for forensic accountants and external financial auditors?
a- Fa's are more thorough
b- efa's audit a broader range of transactions
c- efa's tend to concentrate their work more
d- fas tend to concentrate their work more

4- How many categories does the American institute of certified accountants use to classify forensice accounting?
a- 1
b-2
c-3
d-4

Explanation / Answer

1) D 2) A 3) C 4) D

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