Question 1

________ describes the tracing of the incremental effects of some initial stimulus.

Accepted Answer

A)  Subpoena 
B)  Ripple theory 
C)  Butterfly effect 
D)  Wind theory 
A)  Subpoena 
B)  Ripple theory 
C)  Butterfly effect 
D)  Wind theory B

Question 2

Time is an objective measure,hence timeline data are always highly reliable.Examine the validity of this statement.

Accepted Answer

When timelines are used as evidence,it is necessary that they be reliable.Of course,the reliability of a timeline depends on the reliability of its components-the timing of individual events.Although time is an objective measure,this does not mean that all measurements of time are reliable.As with all forms of data,a primary factor in assessing reliability is the source.Time can be obtained from any device that has a clock,which includes most computerized devices (such as personal computers,cell phones,cash registers,and ATMs).Investigators can also obtain timing information from other documents.For example,checks are dated,receipts are time-stamped,and computers record the time a file was created,accessed,and modified.The investigator must be aware that,while time is objective,the measurement of time is vulnerable to human manipulation and error.Computer clocks can be adjusted,power failures can produce inaccuracies,and people can misdate documents,either intentionally or unintentionally.Thus,it is important to assess the validity of time measurements before relying on them.

Question 3

Descriptive statistics and digital analysis are examples of

Accepted Answer

A)  tools of analysis. 
B)  methods of analysis. 
C)  techniques of analysis. 
D)  systems of analysis. 
A)  tools of analysis. 
B)  methods of analysis. 
C)  techniques of analysis. 
D)  systems of analysis. B

Question 4

Which of the following is issued by a judge when data is to be obtained by law enforcement in a criminal case?

Accepted Answer

A)  order 
B)  subpoena 
C)  search warrant 
D)  writ 
A)  order 
B)  subpoena 
C)  search warrant 
D)  writ

Question 5

In the context of a forensic accounting engagement,the terms method,tool,and technique can be used interchangeably.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a difference between relationship charts and timelines?

Accepted Answer

A)  Relationship charts illustrate flows of information or funds, whereas timelines provide visual aid to highlight missing information. 
B)  Relationship charts illustrate a sequence of events, whereas timelines reveal unapparent relationships. 
C)  Relationship charts suggest causal relationships, whereas timelines identify parties of interest. 
D)  Relationship charts identify commonalities among objects and trace from cause to effect, whereas timelines comprise of shapes that represent individual objects and lines that connect them. 
A)  Relationship charts illustrate flows of information or funds, whereas timelines provide visual aid to highlight missing information. 
B)  Relationship charts illustrate a sequence of events, whereas timelines reveal unapparent relationships. 
C)  Relationship charts suggest causal relationships, whereas timelines identify parties of interest. 
D)  Relationship charts identify commonalities among objects and trace from cause to effect, whereas timelines comprise of shapes that represent individual objects and lines that connect them.

Question 7

Unlike the choice of methodology,the choice of technique is driven primarily by the nature of the problem.

Accepted Answer

A) True 
 B)False

Question 8

In civil cases,the availability of data depends on the engaging party.

Accepted Answer

A) True 
 B)False

Question 9

The end transcript of an interview is more important than the process of transcribing an interview.

Accepted Answer

A) True 
 B)False

Question 10

Since time is an objective measure,all measurements of time are reliable.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is a typical example of document dumping in litigation?

Accepted Answer

A)  Big Farm, Corp. reported that it has shredded all the original invoices provided by a particular vendor. 
B)  Nyntal, Inc. kept all its old receipts, copies of contracts and agreements, bank slips and all other documents, created right from the inception of the company, in a separate warehouse. 
C)  Sara requested Wilmerry, Inc. to produce four bank slips relating to the transactions under scrutiny. Wilmerry gave her all the bank slips of last two years. 
D)  Quinn agreed with Kensington, Corp. to destroy the findings of the engagement and drown the documents collected during the investigation for a monetary benefit. 
A)  Big Farm, Corp. reported that it has shredded all the original invoices provided by a particular vendor. 
B)  Nyntal, Inc. kept all its old receipts, copies of contracts and agreements, bank slips and all other documents, created right from the inception of the company, in a separate warehouse. 
C)  Sara requested Wilmerry, Inc. to produce four bank slips relating to the transactions under scrutiny. Wilmerry gave her all the bank slips of last two years. 
D)  Quinn agreed with Kensington, Corp. to destroy the findings of the engagement and drown the documents collected during the investigation for a monetary benefit.

Question 12

Which of the following best describes reduction as a key form of influence while transcribing an interview?

Accepted Answer

A)  deciding how to reduce the information obtained in an interview in order to include only relevant information 
B)  defining what information is relevant and what information is to be left out 
C)  determining how the information obtained in an interview is reduced to words 
D)  describing what should be the word count and language to be used in the transcript 
A)  deciding how to reduce the information obtained in an interview in order to include only relevant information 
B)  defining what information is relevant and what information is to be left out 
C)  determining how the information obtained in an interview is reduced to words 
D)  describing what should be the word count and language to be used in the transcript

Question 13

Which of the following is a purpose of document dumping?

Accepted Answer

A)  to get rid of unnecessary and outdated documents and retain only those documents that are relevant 
B)  to conceal relevant and vital information from being tracked by the forensic accountants 
C)  to destroy material documents that contain important data 
D)  to make the document of interest more difficult to identify 
A)  to get rid of unnecessary and outdated documents and retain only those documents that are relevant 
B)  to conceal relevant and vital information from being tracked by the forensic accountants 
C)  to destroy material documents that contain important data 
D)  to make the document of interest more difficult to identify

Question 14

Which of the following is the first step of data preparation?

Accepted Answer

A)  standardization of data 
B)  creating a data inventory 
C)  classification of data 
D)  creating a database 
A)  standardization of data 
B)  creating a data inventory 
C)  classification of data 
D)  creating a database

Question 15

An organized collection of data that has been created for a specific purpose is called a

Accepted Answer

A)  data request. 
B)  data dump. 
C)  database. 
D)  memo. 
A)  data request. 
B)  data dump. 
C)  database. 
D)  memo.

Question 16

Why is it important to define the universe of data?

Accepted Answer

Although the entire universe of data usu

Question 17

Which of the following statements best defines the term data analysis?

Accepted Answer

A)  It is the process of eliciting information. 
B)  It is the act of conducting a systematic enquiry or appraisal. 
C)  It is the separation of a whole into its component parts. 
D)  It is the process of consolidating data. 
A)  It is the process of eliciting information. 
B)  It is the act of conducting a systematic enquiry or appraisal. 
C)  It is the separation of a whole into its component parts. 
D)  It is the process of consolidating data.

Question 18

Explain why an interview should be transcribed by the person who conducted the interview.

Accepted Answer

The process of transcribing an interview

Question 19

Which of the following is a benefit of a written data analysis plan?

Accepted Answer

A)  It points out weaknesses in the data and assists the rectification of such weaknesses. 
B)  It lists the tools, methods, and techniques to be used during data analysis. 
C)  It forces the analyst to explicitly consider constraints. 
D)  It helps the analyst to identify data that is relevant and important. 
A)  It points out weaknesses in the data and assists the rectification of such weaknesses. 
B)  It lists the tools, methods, and techniques to be used during data analysis. 
C)  It forces the analyst to explicitly consider constraints. 
D)  It helps the analyst to identify data that is relevant and important.

Question 20

Which of the following is a difference between second-party data and third-party data?

Accepted Answer

A)  Second-party data are obtained from individuals or entities that are related to the subject, whereas third-party data are obtained from entities that maintain records regarding the subject. 
B)  The advantage of second-party data is that it can be obtained independently by the forensic accountant, whereas the advantage of third-party data is that it is outside the subject's ability to manipulate. 
C)  Second-party data falls under the realm of primary research, whereas third-party data falls under the realm of secondary research. 
D)  Second-party data might require more time to obtain, whereas third-party data are readily available to the forensic accountant. 
A)  Second-party data are obtained from individuals or entities that are related to the subject, whereas third-party data are obtained from entities that maintain records regarding the subject. 
B)  The advantage of second-party data is that it can be obtained independently by the forensic accountant, whereas the advantage of third-party data is that it is outside the subject's ability to manipulate. 
C)  Second-party data falls under the realm of primary research, whereas third-party data falls under the realm of secondary research. 
D)  Second-party data might require more time to obtain, whereas third-party data are readily available to the forensic accountant.

________ describes the tracing of the incremental effects of some initial stimulus.

Time is an objective measure,hence timeline data are always highly reliable.Examine the validity of this statement.

Descriptive statistics and digital analysis are examples of

Which of the following is issued by a judge when data is to be obtained by law enforcement in a criminal case?

In the context of a forensic accounting engagement,the terms method,tool,and technique can be used interchangeably.

Which of the following is a difference between relationship charts and timelines?

Unlike the choice of methodology,the choice of technique is driven primarily by the nature of the problem.

In civil cases,the availability of data depends on the engaging party.

The end transcript of an interview is more important than the process of transcribing an interview.

Since time is an objective measure,all measurements of time are reliable.

Which of the following is a typical example of document dumping in litigation?

Which of the following best describes reduction as a key form of influence while transcribing an interview?

Which of the following is a purpose of document dumping?

Which of the following is the first step of data preparation?

An organized collection of data that has been created for a specific purpose is called a

Why is it important to define the universe of data?

Which of the following statements best defines the term data analysis?

Explain why an interview should be transcribed by the person who conducted the interview.

Which of the following is a benefit of a written data analysis plan?

Which of the following is a difference between second-party data and third-party data?

Introduction to the World of Forensic Accounting

The Legal Environment of Forensic Accounting

Screening and Staging Engagements

Gathering Evidence Interviews and Observations

Financial Statements Analysis Reading Between the Lines

Fraud and White-Collar Crime

Conducting a Fraud Investigation

Transforming Data Into Evidence

Professional Responsibilities

Fundamentals of Business Valuation

Special Topics

Filters

Exam 8: Transforming Data Into Evidence

________ describes the tracing of the incremental effects of some initial stimulus.

Time is an objective measure,hence timeline data are always highly reliable.Examine the validity of this statement.

Descriptive statistics and digital analysis are examples of

Which of the following is issued by a judge when data is to be obtained by law enforcement in a criminal case?

In the context of a forensic accounting engagement,the terms method,tool,and technique can be used interchangeably.

Which of the following is a difference between relationship charts and timelines?

Unlike the choice of methodology,the choice of technique is driven primarily by the nature of the problem.

In civil cases,the availability of data depends on the engaging party.

The end transcript of an interview is more important than the process of transcribing an interview.

Since time is an objective measure,all measurements of time are reliable.

Which of the following is a typical example of document dumping in litigation?

Which of the following best describes reduction as a key form of influence while transcribing an interview?

Which of the following is a purpose of document dumping?

Which of the following is the first step of data preparation?

An organized collection of data that has been created for a specific purpose is called a

Why is it important to define the universe of data?

Which of the following statements best defines the term data analysis?

Explain why an interview should be transcribed by the person who conducted the interview.

Which of the following is a benefit of a written data analysis plan?

Which of the following is a difference between second-party data and third-party data?

Introduction to the World of Forensic Accounting

The Legal Environment of Forensic Accounting

Screening and Staging Engagements

Gathering Evidence Interviews and Observations

Financial Statements Analysis Reading Between the Lines

Fraud and White-Collar Crime

Conducting a Fraud Investigation

Transforming Data Into Evidence

Professional Responsibilities

Fundamentals of Business Valuation

Special Topics

Filters