1. Which of the following is not a factor considered by a forensic accountant in framing a case?
a. Date of the engagement letter
c. Nature of the engagement
d. Professional standards
e. All of the above are relevant factors.
2. If a case is framed properly, it will help a forensic accountant identify the legally sufficient manner in which to communicate an opinion.
3. Understanding the type of case ( civil or criminal) is useful to a forensic accountant in each of the following areas except:
a. Determining the requisite burden of proof
b. Evidence gathering considerations
c. Communications between a forensic accountant and an attorney
d. Scope of the engagement
e. Manner in which an expert opinion is expressed
4. The jurisdiction of a case impacts how the case is developed and how evidence is presented.
5. The best approach for gathering, synthesizing, and summarizing large amounts of evidence is:
a. The forensic approach
b. The GAAP approach
c. The scientific approach
d. The legal evidence approach
6. Which of the following is not a step in the scientific approach?
a. Draw conclusions
b. Gather evidence
c. Define the purpose
d. Testify under oath
7. A hypothesis is a tentative explanation resulting from preliminary observations.
8. In order to test a hypothesis, a forensic accountant does which of the following?
a. Performs a certified audit
b. Gathers evidence
c. Watches how other forensic accountants do it
d. Follows GAAP
9. When interpreting data, a forensic accountant is trying to determine the probability that the hypothesis is true. In this process, the accountant must be careful not to ignore:
a. Negative facts
b. Inconsistencies in the data
c. Discrepancies that challenge the theory of the case
d. None of the above should be ignored.
10. When collecting evidence, it is recommended that a forensic accountant:
a. Number and date all evidence considered
b. Put the evidence in alphabetic order
c. Put the evidence in chronological order
d. Compile similar items in separate binders
11. When arriving at a conclusion, a forensic accountant uses both inductive and deductive reasoning based on the evidence gathered.