Test Bank Forensic Accounting 1st Edition Robert Rufus A+
- From Business, General Business
- NUMBER1TUTOR
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- Grade : A+
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Description
True/False Questions
1) Forensic accounting can be defined as the application of financial facts to legal situations.
Answer: TRUE
Explanation: Forensic accounting can be defined as the application of financial facts to legal situations.
Diff: 1
LO: 1-1
AACSB: Analytical Thinking
2) "Trust, but verify" is the general rule while exercising professional skepticism.
Answer: TRUE
Explanation: Forensic accountants must exercise a healthy dose of professional skepticism. This reflects a proactive, questioning mindset, where nothing is as it seems and "trust, but verify" is the general rule.
Diff: 1
LO: 1-1
AACSB: Analytical Thinking
3) Fraud detection and fraud examination describes reactive strategies while fraud deterrence describes proactive strategies.
Answer: TRUE