1. Each of the following can create an operating constraint that might impact the data analysis task...
Question:
a. Technological resources
b. Time needed to complete the analysis
c. Data access
d. All of the above are potential constraints
2. Which of the following is not a data limitation?
a. Altered data
b. Coexistent data
c. Different forms of the same data
d. Missing data
3. Which of the following types of data are obtained directly from the subject individual or entity?
a. First- party data
b. Second- party data
c. Third- party data
d. Fourth- party data
4. Which of the following is an example of second- party data?
a. A conversation with a subject
b. An article in the local newspaper
c. A financial statement prepared by the subject’s CPA firm
d. A legal document found on LexisNexis
5. The reliability of a tax return is enhanced for data analysis purposes because:
a. It is submitted to the government under penalty of perjury.
b. It is prepared by a professional tax preparer.
c. It is a subject taught in college.
d. None of the above is correct.
6. A forensic accountant should request data without consideration of its cost.
a. True
b. False
7. When planning for data analysis, each of the following is a consideration except:
a. How results will contribute to refining the working hypothesis
b. How the data will be analyzed
c. How the data are viewed by senior management
d. What data will be collected
8. In a forensic accounting engagement, a written data analysis plan normally includes how data will be collected, how they will be analyzed, and how results will be communicated.
a. True
b. False
9. Benefits of a written data analysis plan include which of the following?
a. It provides a standard against which to monitor progress.
b. It helps a forensic accountant remain on task.
c. It forces a forensic accountant to consider data constraints.
d. All of the above are benefits of a written data analysis plan.
10. Which of the following statements best reflects the purpose in this chapter of the illustrative cases U. S. v. Poe and U. S. v. Shafer?
a. Show how easy it is to obtain and analyze data
b. Provide an example of computer- assisted analysis
c. Illustrate extreme situations where an analyst has too much or too little data
d. Provide examples of mistakes made by forensic accounting practitioners
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Forensic Accounting
ISBN: 978-0133050479
1st Edition
Authors: Robert Rufus, Laura Miller, William Hahn
Question Posted: