Identify five examples of forensic accounting engagements that commonly require the analysis of financial statements and discuss how mindset might impact this type of analysis.
Answer to relevant QuestionsWhat are common- size financial statements? How are they calculated? Why are they a valuable analysis tool?What must a forensic accountant consider when applying and interpreting financial ratios?What is content analysis, and why is it useful to a forensic accountant?1. Financial statements analysis is the examination of financial statements for the purpose of acquiring additional information.a. Trueb. False2. To discern unexpected relationships, or the absence of expected relationships, ...What level of assurance was implied for ZZZZ Best’s financial statements for 1985? For 1986? For the interim period ending July 31, 1986? Would the level of assurance impact a forensic accountant’s mindset? Explain.
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