Question 1

What are the two primary roles a forensic accountants play in forensic matters?

Accepted Answer

A)  Valuator and estimator. 
B)  Mediator and arbitrator. 
C)  Expert consultants and expert witnesses. 
D)  Rented judge and rented jury. 
A)  Valuator and estimator. 
B)  Mediator and arbitrator. 
C)  Expert consultants and expert witnesses. 
D)  Rented judge and rented jury.

Question 2

If payroll taxes are embezzled, who does the IRS hold responsible?

Accepted Answer

A)  The fraudster. 
B)  The owners and officers of the company. 
C)  The employees whose taxes were not paid. 
D)  .The lost funds are forgiven by the IRS. 
A)  The fraudster. 
B)  The owners and officers of the company. 
C)  The employees whose taxes were not paid. 
D)  .The lost funds are forgiven by the IRS.

Question 3

Explain the three methods of dealing with fraud loss.

Accepted Answer

Collect Insurance: Typical business insu

Question 4

A fired employee who is denied unemployment compensation can typically demand an administrative hearing.

Accepted Answer

A) True 
 B)False

Question 5

What can the opposing party do to prevent expert testimony if they feel the expert is not qualified?

Accepted Answer

A)  File a batson petition. 
B)  File a motion for miss-trial. 
C)  File an appeal. 
D)  File a motion in limine. 
A)  File a batson petition. 
B)  File a motion for miss-trial. 
C)  File an appeal. 
D)  File a motion in limine.

Question 6

If the fraud involves payroll taxes collected for submission to the IRS, it is referred to as:

Accepted Answer

A)  Trust liability taxes. 
B)  Pass through taxes. 
C)  Withholding entity taxes 
D)  Trust fund taxes. 
A)  Trust liability taxes. 
B)  Pass through taxes. 
C)  Withholding entity taxes 
D)  Trust fund taxes.

Question 7

The fraud investigators report should be constructed for insurance claim purposes, not to withstand a court trial.

Accepted Answer

A) True 
 B)False

Question 8

Who do most companies choose not to pursue fraudsters for repayment?

Accepted Answer

A)  Most fraudsters do not have the assets to repay even if found guilty. 
B)  Most companies have insurance to cover the loss. 
C)  Most fraudsters voluntarily repay what they have stolen. 
D)  Both A and B 
A)  Most fraudsters do not have the assets to repay even if found guilty. 
B)  Most companies have insurance to cover the loss. 
C)  Most fraudsters voluntarily repay what they have stolen. 
D)  Both A and B

Question 9

Which of the following is typically contained in the Exhibits section of a fraud report?

Accepted Answer

A)  The resume of the investigator. 
B)  The resume of the fraudster. 
C)  Copies of the investigators credentials 
D)  Letters of reference for the investigator. 
A)  The resume of the investigator. 
B)  The resume of the fraudster. 
C)  Copies of the investigators credentials 
D)  Letters of reference for the investigator.

Question 10

Instead of firing an employee, an employer may provide them with excellent references to obtain a new job.

Accepted Answer

A) True 
 B)False

What are the two primary roles a forensic accountants play in forensic matters?

If payroll taxes are embezzled, who does the IRS hold responsible?

Explain the three methods of dealing with fraud loss.

A fired employee who is denied unemployment compensation can typically demand an administrative hearing.

What can the opposing party do to prevent expert testimony if they feel the expert is not qualified?

If the fraud involves payroll taxes collected for submission to the IRS, it is referred to as:

The fraud investigators report should be constructed for insurance claim purposes, not to withstand a court trial.

Who do most companies choose not to pursue fraudsters for repayment?

Which of the following is typically contained in the Exhibits section of a fraud report?

Instead of firing an employee, an employer may provide them with excellent references to obtain a new job.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters

Exam 12: The Fraud Report, Litigation, and the Recovery Process

What are the two primary roles a forensic accountants play in forensic matters?

If payroll taxes are embezzled, who does the IRS hold responsible?

Explain the three methods of dealing with fraud loss.

A fired employee who is denied unemployment compensation can typically demand an administrative hearing.

What can the opposing party do to prevent expert testimony if they feel the expert is not qualified?

If the fraud involves payroll taxes collected for submission to the IRS, it is referred to as:

The fraud investigators report should be constructed for insurance claim purposes, not to withstand a court trial.

Who do most companies choose not to pursue fraudsters for repayment?

Which of the following is typically contained in the Exhibits section of a fraud report?

Instead of firing an employee, an employer may provide them with excellent references to obtain a new job.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters