Forensic Accounting and Fraud Examination, 2nd Edition Test Bank

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Chapter 01 - Introduction to Forensic Accounting and Fraud Examination1-1Chapter 01Introduction to Forensic Accounting and Fraud ExaminationMultiple Choice Questions1. Forensic Accounting is defined as:a. The practice of applying defined financial ratios to investigate acompany’sfinancialhealth.b. The use of law enforcement to subpoena financial records to determine unlawful actions.C. The application of investigative and analytical skills for the purpose of resolving financialissues in a manner that meets standards required by courts of law.d. The investigatory arm of the Securities and Exchange Commission.Difficulty: Easy2. If your actions are the result of misleading, intentional actions or inaction (includingmisleading statements and the omission of relevant information) to gain an advantage, thenyou have committed:a. Perjury.b. Contempt.c. Treason.D. Fraud.Difficulty: Moderate3. Which of the following does a forensic accountant investigate?a. Purchases of Businesses.b. Valuation of divorce assets.c. Calculation of lost profits.D. All of the above.Difficulty: Easy

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Forensic Accounting And Fraud Exami...

Forensic Accounting and Fraud Examination, 2nd Edition Test Bank

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