Chapter 16
Critical Thinking Q&A
This is an unusual paragraph. I’m curious how quickly you can find out what is so unusual
about it. It looks so plain you would think nothing was wrong with it. In fact, nothing is wrong
with it! It is unusual though. Study it, and think about it, but you still may not find anything odd.
But if you work at it a bit, you might find out. Try to do so without any coaching! What is
unusual about this paragraph?
Answer: This paragraph does not contain the letter “e,” the most commonly used vowel in the
alphabet.
Review Questions & Answers
16-1. What is meant by remediation?
Answer: Remediation is characterized as the steps necessary to “clean up the mess” after
16-2. What two points must an injured party prove to recover money in a civil lawsuit?
Answer: Generally, in order to be in a position to recover money from a civil suit, the
16-3. What are the types of losses available for recovery?
Answer: The types of losses available for recovery include (a) compensatory damages
16-4. How does the legal system differentiate between “following” versus “tracing” the
money?
Answer: Following the money assumes an ability to directly track funds from the victim
16-5. What legal mechanisms may be used to recover assets in the civil or criminal justice
systems?
Answer: Depending on the jurisdiction, plaintiffs and victims have a number of possible
legal mechanisms available to recover assets either through the civil or criminal justice
16-6. What is the difference between fact witnesses and expert witnesses?
Answer: Fact witnesses must testify to first hand facts and knowledge. They are not
16-7. In what types of cases may a forensic accountant serve as an expert witness?
Answer: In addition to financial crimes, a forensic accountant may serve as an expert in a
16-8. When may an expert’s opinion be subject to challenge?
Answer: An expert’s opinion is subject to two types of challenges:
(1) With the Daubert Rule, the basis of foundation for the opinion may not be based on
16-9. What is a deposition and why is it used?
Answer: A deposition is a pre-trial process by which the parties to a civil litigation are
allowed to examine the other side’s fact witnesses and expert witnesses. The function of
16-10. What is meant by corporate governance and why is it important?
Answer: Corporate governance is the set of processes, customs and policies that affect
the way an organization is directed. It also considers the relationships among the