Question 1

Rule 702 of Federal Rules of Evidence requires that

Accepted Answer

A)  the CPAs use complex technological analysis tools for gathering data. 
B)  any qualitative data presented is supported by quantitative data. 
C)  only direct evidence is used in a case. 
D)  the expert testimony is the product of reliable principles and methods. 
A)  the CPAs use complex technological analysis tools for gathering data. 
B)  any qualitative data presented is supported by quantitative data. 
C)  only direct evidence is used in a case. 
D)  the expert testimony is the product of reliable principles and methods.

Question 2

Relationship charts,which illustrate relationships and flows,are a form of link analysis.

Accepted Answer

A) True 
 B)False

Question 3

If the opposing party fails to comply with discovery requests or does not have access to the data,it may be necessary for the attorney to issue a

Accepted Answer

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

Question 4

Data requests should be specific because

Accepted Answer

A)  vagueness is a basis for objection by the opposing party. 
B)  it requires lesser initial efforts. 
C)  with lesser specificity, there is a greater risk of accidental exclusions. 
D)  it eliminates the requirement of any supporting documents. 
A)  vagueness is a basis for objection by the opposing party. 
B)  it requires lesser initial efforts. 
C)  with lesser specificity, there is a greater risk of accidental exclusions. 
D)  it eliminates the requirement of any supporting documents.

Question 5

What are the benefits of a written data analysis plan?

Accepted Answer

A written data analysis plan (document)i

Question 6

Which of the following is a drawback of link analysis?

Accepted Answer

A)  It fails to reveal unapparent relationships. 
B)  It cannot be used in cases where the subject is unknown. 
C)  Compared to other investigative techniques, it can be time-consuming. 
D)  Too many links may affect the quality of the information. 
A)  It fails to reveal unapparent relationships. 
B)  It cannot be used in cases where the subject is unknown. 
C)  Compared to other investigative techniques, it can be time-consuming. 
D)  Too many links may affect the quality of the information.

Question 7

Which of the following is true with regard to identifying themes while transcribing interviews?

Accepted Answer

A)  For less-structured interviews, themes could be based on experiences, behaviors, views, or any other factor that becomes apparent. 
B)  Interview questions are a good starting point for identifying themes if the interview was semi-structured in nature. 
C)  In a fact-finding interview, themes may simply emerge from the flow of conversation. 
D)  The themes identified for the structure of the transcript may not always be in consistence with the objectives of the engagement. 
A)  For less-structured interviews, themes could be based on experiences, behaviors, views, or any other factor that becomes apparent. 
B)  Interview questions are a good starting point for identifying themes if the interview was semi-structured in nature. 
C)  In a fact-finding interview, themes may simply emerge from the flow of conversation. 
D)  The themes identified for the structure of the transcript may not always be in consistence with the objectives of the engagement.

Question 8

Which of the following is true of the universe of data?

Accepted Answer

A)  Maintaining the proper boundaries of the data universe is an ongoing effort throughout the investigation. 
B)  After selecting a sample from the universe of data, conclusions are arrived at by using deductive reasoning. 
C)  In most cases, forensic accountants have access to the entire universe of relevant data. 
D)  It is often defined toward the end of the investigation. 
A)  Maintaining the proper boundaries of the data universe is an ongoing effort throughout the investigation. 
B)  After selecting a sample from the universe of data, conclusions are arrived at by using deductive reasoning. 
C)  In most cases, forensic accountants have access to the entire universe of relevant data. 
D)  It is often defined toward the end of the investigation.

Question 9

Which of the following terms is used to describe data in which specific items or time periods have been omitted?

Accepted Answer

A)  missing data 
B)  altered data 
C)  nonexistent data 
D)  hidden data 
A)  missing data 
B)  altered data 
C)  nonexistent data 
D)  hidden data

Question 10

Which of the following is true of first-party data?

Accepted Answer

A)  These are obtained from published and unpublished reference sources. 
B)  These are obtained from are obtained from entities that maintain records regarding the subject. 
C)  These are obtained from individuals or entities that are related or connected to the subject. 
D)  These are obtained from an individual or an entity. 
A)  These are obtained from published and unpublished reference sources. 
B)  These are obtained from are obtained from entities that maintain records regarding the subject. 
C)  These are obtained from individuals or entities that are related or connected to the subject. 
D)  These are obtained from an individual or an entity.

Question 11

In the context of a forensic accounting engagement,which of the following is an instrument that creates leverage in processing,understanding,and/or illustrating data?

Accepted Answer

A)  tool 
B)  technique 
C)  method 
D)  process 
A)  tool 
B)  technique 
C)  method 
D)  process

Question 12

Which of the following describes the process of coding with regard to qualitative research?

Accepted Answer

A)  transcribing the interview in order and then rearranging into categories based on themes 
B)  transcribing the interview in order and then coding the transcript so that the information cannot be used by others 
C)  transcribing the interview in order and then extracting meaning from the data 
D)  transcribing the interview in order and then determining the information to be included 
A)  transcribing the interview in order and then rearranging into categories based on themes 
B)  transcribing the interview in order and then coding the transcript so that the information cannot be used by others 
C)  transcribing the interview in order and then extracting meaning from the data 
D)  transcribing the interview in order and then determining the information to be included

Question 13

Diana,a forensic accountant,obtained the financial statements of Ryer Inc.from its accountant.She noted that Ryer generated a profit of $152.7 million in the previous year.This is an example of

Accepted Answer

A)  third-party data. 
B)  quantitative data. 
C)  fourth-party data. 
D)  qualitative data. 
A)  third-party data. 
B)  quantitative data. 
C)  fourth-party data. 
D)  qualitative data.

Question 14

Which of the following statements is true with respect to reliability of data sources?

Accepted Answer

A)  First-party data have the highest reliability. 
B)  Second-party data may have a higher level of reliability than first-party data. 
C)  Third-party data are not very reliable as they can be influenced by the subject. 
D)  Fourth-party data are vulnerable to manipulations by subject. 
A)  First-party data have the highest reliability. 
B)  Second-party data may have a higher level of reliability than first-party data. 
C)  Third-party data are not very reliable as they can be influenced by the subject. 
D)  Fourth-party data are vulnerable to manipulations by subject.

Question 15

What functions does a data inventory serve?

Accepted Answer

The first step of data preparation is to

Question 16

Which of the following is an example of nonexistent data?

Accepted Answer

A)  The check slips for the month of June and July were misplaced. The bank maintains a copy of this at the client's request. 
B)  Some entries were changed to reflect a higher value of assets. The invoices containing the original amount are yet to be altered. 
C)  The client refused to divulge the details of the sale contract. The supplier does not have a copy of the contract. 
D)  The company maintains documents supporting transactions only for three years. The transaction in question was made five years ago. 
A)  The check slips for the month of June and July were misplaced. The bank maintains a copy of this at the client's request. 
B)  Some entries were changed to reflect a higher value of assets. The invoices containing the original amount are yet to be altered. 
C)  The client refused to divulge the details of the sale contract. The supplier does not have a copy of the contract. 
D)  The company maintains documents supporting transactions only for three years. The transaction in question was made five years ago.

Question 17

Use of bank statements to confirm components of financial statements and tax returns is an example of third-party data.

Accepted Answer

A) True 
 B)False

Question 18

A subpoena duces tecum is a legal notice directing the attendance of a person at a deposition or trial.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is true of timelines?

Accepted Answer

A)  Timelines fail to highlight missing information in the sequence. 
B)  Timelines are prepared to reveal hidden relationships. 
C)  Timelines are more time-consuming than other data analysis tools. 
D)  Timelines are the most effective means of communicating a story. 
A)  Timelines fail to highlight missing information in the sequence. 
B)  Timelines are prepared to reveal hidden relationships. 
C)  Timelines are more time-consuming than other data analysis tools. 
D)  Timelines are the most effective means of communicating a story.

Question 20

A failure in the preparation of data may render the results of a test inaccurate.

Accepted Answer

A) True 
 B)False

Rule 702 of Federal Rules of Evidence requires that

Relationship charts,which illustrate relationships and flows,are a form of link analysis.

If the opposing party fails to comply with discovery requests or does not have access to the data,it may be necessary for the attorney to issue a

Data requests should be specific because

What are the benefits of a written data analysis plan?

Which of the following is a drawback of link analysis?

Which of the following is true with regard to identifying themes while transcribing interviews?

Which of the following is true of the universe of data?

Which of the following terms is used to describe data in which specific items or time periods have been omitted?

Which of the following is true of first-party data?

In the context of a forensic accounting engagement,which of the following is an instrument that creates leverage in processing,understanding,and/or illustrating data?

Which of the following describes the process of coding with regard to qualitative research?

Diana,a forensic accountant,obtained the financial statements of Ryer Inc.from its accountant.She noted that Ryer generated a profit of $152.7 million in the previous year.This is an example of

Which of the following statements is true with respect to reliability of data sources?

What functions does a data inventory serve?

Which of the following is an example of nonexistent data?

Use of bank statements to confirm components of financial statements and tax returns is an example of third-party data.

A subpoena duces tecum is a legal notice directing the attendance of a person at a deposition or trial.

Which of the following is true of timelines?

A failure in the preparation of data may render the results of a test inaccurate.

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

Rule 702 of Federal Rules of Evidence requires that

Relationship charts,which illustrate relationships and flows,are a form of link analysis.

If the opposing party fails to comply with discovery requests or does not have access to the data,it may be necessary for the attorney to issue a

Data requests should be specific because

What are the benefits of a written data analysis plan?

Which of the following is a drawback of link analysis?

Which of the following is true with regard to identifying themes while transcribing interviews?

Which of the following is true of the universe of data?

Which of the following terms is used to describe data in which specific items or time periods have been omitted?

Which of the following is true of first-party data?

In the context of a forensic accounting engagement,which of the following is an instrument that creates leverage in processing,understanding,and/or illustrating data?

Which of the following describes the process of coding with regard to qualitative research?

Diana,a forensic accountant,obtained the financial statements of Ryer Inc.from its accountant.She noted that Ryer generated a profit of $152.7 million in the previous year.This is an example of

Which of the following statements is true with respect to reliability of data sources?

What functions does a data inventory serve?

Which of the following is an example of nonexistent data?

Use of bank statements to confirm components of financial statements and tax returns is an example of third-party data.

A subpoena duces tecum is a legal notice directing the attendance of a person at a deposition or trial.

Which of the following is true of timelines?

A failure in the preparation of data may render the results of a test inaccurate.

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