essentials of forensic accounting Chapter 1 short answer

SHORT ANSWER QUESTIONS 1. What are the key elements of the definition of forensic accounting? What does the word forensic mean? 2. 3. 4. What are the two areas into which the practice of forensic accounting is typically divided? How does auditing differ from forensic accounting? 5. By whom and when was the term forensic accounting coined? 6. What are some of the knowledge and skills required in forensic accounting? (Name at least four.) 7. What are two examples of types of financial cases that require investigation? 8. What is the difference between fact witnesses and expert witnesses? 9. What are the three management activities associated with fraud risk management? 10. What special skills and knowledge are required to conduct forensic accounting investigations? (Name at least three.) 11. Are communication skills critical in forensic accounting? Why or why not? 12. What are two areas in which forensic accountants, as expert consultants, can give advice? 13. What are the names of three organizations that are applicable to forensic accountants and what factors play a role in determining the organizations to which forensic accountants belong? 14. What are the names of four credentials that are specific to the forensic practice of valuation? 15. Why is the skill of problem-solving so important in forensic accounting