Question: QUESTION 1 Per articles How a Forensic Accountant Can Help in Divorce and The Role of the Forensic Accountant in Divorce which of the following

QUESTION 1

  • Per articles How a Forensic Accountant Can Help in Divorce and The Role of the Forensic Accountant in Divorce which of the following is not one of the services listed that a forensic accountant may perform?

Search for hidden assets.

Calculate cash flow.

Conduct a financial statement audit.

Prepare business appraisals.

Provide tax and financial advice.

QUESTION 4

  • Per the article Identifying Bankruptcy Fraud which of the following is false?

A bustout is conducted by a company that is set up to fail from the outset.

Retail bustouts happens when a merchant rents retail space and does not pay rent or suppliers.

Tax bustouts occur when an individual operates a series of businesses in the same industry and never pays taxes.

Credit card bustouts occur when individuals contemplating bankruptcy run up large consumer credit card debt and then file bankruptcy.

All of the above are true.

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