In which way does the AICPA support Forensic Accountants?
a.Through its Forensic Accountants division.
b.Through its Business Valuation and Forensic & Litigation Services section.
c.Through its credentialing of Forensic Accountants.
d.The AICPA does not support Forensic Accountants.
Define alternative dispute resolution and explain its benefits.
Who’s responsibility is it to establish a fraud theory and provide an example of one.
Why would management engage in earnings smoothing?
What are at least three methods of proof that the IRS may employ.
Describe the final questions to ask non-suspects and discuss their importance
Which of the following is not a component that is key to operating terrorist cells?
a.Airline operation.
b.Financial support.
c.Weapons experts.
d.Spiritual leaders.
Which chapter applies to farmers and those in fishing business?
a.Chapter 7.
b.Chapter 9.
c.Chapter 12.
d.Chapter 15.
What does the standard ISO 27002 highlight?
a.Controls that are essential to essential due to legislation.
b.Controls That Exist in Common Practice for Accounting Standards.
c.Controls that exist to conform to GAAP.
d.All of the above.
Which of the following is a step in building a fraud detection system?
a.Scoring and Assessment.
b.Risk avoidance and deniability.
c.Computer science development.
d.Analysis of industry financial statements.
Investors in a company often want assurance that the financial statements are true and
accurate. They can achieve this assurance by using:
a.Auditors.
b.Internal controls.
c.Forensic accountants.
d.Ratio analysis.
If you were a research analyst, what did SOX do to change your job?
Describe the fraud investigation process.
If taking notes during an interview, what technique should be used?
a. Write brief words to enable clear recall for later re-writing of full notes.
b. Write full notes- re-writing them later will not be allowed during court proceedings.
c. Write brief notes to assist in full recall months later at trial.
d. Ask the interviewee to write down the details.
According to 18 USC 2, any person who commits an offense against the IRS statutes
and codes has also committed a crime against the _________ and will be punished as a
principle.
a.United States.
b.U.S. District Court.
c.Criminal Code of the United Stated.
d.All of the above.
If the IRS brings charges under both violations of IRC 7201 and IRC 7203, and the jury
finds them not guilty for IRC 7201, what happens with the charges under IRC 7203?
a.They are dismissed.
b.They can be brought as subsequent charges in a future suit.
c.The defendant can still be found guilty under IRC 7203.
d.The defendant can bring a counter suit against the IRS.
Which of the following not an adjustment factor?
a.The extent of ownership control over income-producing assets.
b.Current physical conditions.
c.Restrictions on transferability.
d.Marketability and liquidity.
Testimony by scientific experts is governed by which rule?
a.Rule 702.
b.FASB Statement 702.
c.SEC Section 702.
d.SOX section 702.
How do public oversight boards help prevent financial statement fraud?
a.They perform post-audit evaluation of financial statements.
b.They set standards for auditors.
c.They educate CEOs and CFOs on ways to prevent financial statement fraud.
d.They help enforce SOX standards within corporations.
Which of the following countries is not a member of the G8?
a.United States.
b.China.
c.Russia.
d.Japan.