Chapter 2
Critical Thinking Q&A
Why are manhole covers round?
Answer: Manhole covers are round because other shaped covers can be maneuvered to fall
Review Questions & Answers
2-1 According to this chapter, what employment trends are expected for professionals in the
fields of fraud examination and financial forensics? Why?
Answer: There is also a growing demand for forensic and litigation advisory services
related to damages, divorce, valuations, construction delays, antitrust, lost wages,
2-2 What employment opportunities currently exist for fraud examiners and financial
forensics specialists?
Answer: Fraud examiners and financial forensic specialists work in accounting and
professional service firms which provide fraud deterrence, detection, investigation and
2-3 What role do fraud examination and financial forensic skills have in the corporate
governance area?
Answer: Corporate governance can play an important role in preventing and
2-4 Which professional organizations support fraud examination and financial forensics
professionals? What certifications do they offer?
Answer:
Association of Certified Fraud Examiners (ACFE)
Certified Fraud Examiner (CFE)
Automated Examiner Specialist
2-5 What international opportunities exist in fraud examination and financial forensics?
Answer: Chartered Accountant (CA), one equivalent of the CPA around the
globe, is the title used by members of certain professional accountancy
2-6 Other than accounting, which disciplines do fraud examination and financial forensics
encompass?
Answer: In addition to accounting, fraud examination and financial forensics
2-7 What is the role of research in the fraud examination and financial forensics professions?
Answer: Research drives professional innovation. Practitioners in the field
implement the products of research (concepts, ideas, theories and evidence) by