Provide at least 5 reasons that ADR has advantages over litigation:
Handwriting is considers to be what type of evidence?
a.Physical.
b.Substantive.
c.Relative.
d.Documentary.
What credential does the AICPA offer?
a.Accredited in Business Valuation.
b.Accredited Business Accountant.
c.Forensic Accountant Accreditation.
d.Accounting for Forensic and Litigation.
Define forensic science and its earliest origins.
Describe the differences between a bench trial and a trial by jury?
Who causes the largest amount of identity theft in the United States?
a.Organized Crime.
b.Gangs.
c.Individuals on the internet.
d.Corporations.
Compare and contrast sampling for risk and sampling for attributes.
What does credentialing mean?
Which of the following is typically contained in the Exhibits section of a fraud report?
a.The resume of the investigator.
b. The resume of the fraudster.
c. Copies of the investigators credentials
d. Letters of reference for the investigator.
Why are tip hotlines or other tip reporting mechanisms important to formally have in
place in a business?
a.Nearly 50% of all fraud detection occurs through tip hotlines.
b.Forensic accounting methods lack the ability to detect most fraud.
c.Civil court rules of evidence do not allow charges to be brought against someone
unless it is reported first.
d..Over 75% of all fraud detection occurs through tip hotlines.
Which of the following is not part of the fraud triangle?
a.Greed.
b.Pressure.
c.Opportunity.
d.Rationalization
Describe the formula specified for calculating an income tax underpayment and what
each component of it means.
What are the three options when dealing with Risk Management?
a.Accept the risk, Resolve the risk, Counteract the risk.
b.Ignore the risk, Insure the risk, Write policies against the risk.
c.Accept the risk, Insure the risk, Implement controls against the risk.
d.Accept the risk, Insure the risk, Admonish employees who cause the risk.
Describe how working papers can be an aid to the forensic accountant?
Describe the proper setting and room in which interviews are to be conducted
What is another name for property tax?
a.Use.
b.Excise.
c.Ad valorem.
d.Ed valorem.
If a client turns over evidence to their attorney with the purpose of attempting to make
it a privileged communication, a judge may:
a.Allow the evidence into the case.
b.Never allow the evidence into the case.
c.Call a mis-trial.
d.Dismiss the attorney.
Under Title IV, what is the change in the reporting days for senior management and
directors when they have a change in securities ownership?
a.From 2 to 10 days.
b.From 10 to 2 days.
c.From 10 to 15 days.
d.From 15 to 10 days.
Explain the standard of value that pertains to investment value.
Which of the following is not a skill needed by a Forensic Accountant?
a.Auditing Skills.
b.Criminology.
c.Sociology.
d.Information Technology.