1. There is one specific way in which the scientific process can be applied to a forensic accounting engagement.
a. True
b. False

2. Research is the collection of sufficient relevant facts and data in order to develop and support a conclusion.
a. True
b. False

3. Research enhances critical thinking and reasoning skills and thus results in better decisions.
a. True
b. False

4. Each of the following is an example of primary research except:
a. Interviewing witnesses
b. Examination of email histories
c. Analysis of bank records
d. Collection of published economic data
e. All of the above are primary sources.

5. A forensic accountant always analyzes all possible data that can be collected.
a. True
b. False

6. A key function of a research plan is to identify the data that need to be collected and analyzed.
a. True
b. False

7. Secondary research is helpful to a forensic accountant in refining hypotheses, arriving at critical assumptions, and selecting analysis methods.
a. True
b. False

8. Each of the following is an example of an information source for secondary research except:
a. Published court cases
b. A market value appraisal prepared for the engaging organization
c. Academic publications
d. Databases with historical market transactions
e. All of the above are information sources for secondary research.

9. Internet sources such as personal web sites and chat rooms always provide reliable data that is consistent with the Daubert standard.
a. True
b. False

10. Which of the following is a useful and reliable Inter-net source?
a. LexisNexis
b. William Hellemn, CPA web site
c. Southern College's web site
d. Wikipedia
e. All of the above are useful and reliable sources.

11. Characteristics of “good” research include all of the following except:
a. Is guided by a working hypothesis
b. Employs a reliable methodology
c. Has a clear problem statement
d. Is based entirely on secondary data

  • CreatedMarch 04, 2015
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