Question: How does forensic accounting differ from fraud examination? A. There are no substantive differences between forensic accounting and fraud examinations. B. Forensic accounting is the

How does forensic accounting differ from fraud examination?

A. There are no substantive differences between forensic accounting and fraud examinations.
B. Forensic accounting is the use of accounting for legal purposes whereas fraud examination only deals with fraud cases.
C. Forensic accounting is done by a CPA whereas only a CFE can perform a fraud examination.
D. Forensic accounting is used for civil cases whereas fraud examinations are for criminal cases.

Which of the following is a difference between in a financial statement audit for a private client compared to the governmental financial statement audit?

A. A governmental financial statement audit does not include an opinion
B. A governmental financial statement audit need not follow GAAS
C. A governmental financial statement audit includes a report on the compliance of laws, regulations, contracts, and grant agreements that have a material effect on the financial statements
D. A private financial statement audit may include a report on internal controls over financial reports

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