Test1 - S08 FORENSIC ACCOUNTING(08S_CBA_ACC418.01 > TAKE ASSESSMENT EXAM 1 Question 1 2 points Which of the following two are types of auditors

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S08) FORENSIC ACCOUNTING (08S_CBA_ACC418.01) > TAKE ASSESSMENT: EXAM 1 Question 1 2 points Save Which of the following two are types of auditors? External. Internal. Forensic. Both a and b. Question 2 2 points Save What is a way to become a CFS? Complete a multi-part examination that covers the detection, deterrence, investigation, and prosecution of white-collar crime. Complete the ACFS Academy core courses and take an examination at the end of each course. Be grandfathered in by means of submitting information on the experience and education of the candidate. All of the above are ways to become a CFS. Question 3 2 points Save What is the most recognized fraud credential? Certified Fraud Examiner (CFE). Certified Public Accountant (CPA). American Counsel of Accredited Business Accountants (ACABA). Enrolled Agent (EA). Question 4 2 points Save If you are a CPA and want to be come credentialed by the National Association of Certified Valuation Analysts (NACVA), which credential would you be issued? Certified Valuation Analyst. Accredited Valuation Analyst. Certified Forensic Financial Analyst. National Valuation Analyst. Question 5 2 points Save How does forensic accounting differs from other types of accounting? It is a separate field that has no relation to accounting. Forensic Accountants require at least an masters in accounting. Forensic Accountants are more likely to be found dissecting these statements and obtaining evidence from other sources. General Accountants must hold to subjective evidence whereas forensic accountants must use objective evidence. Question 6 2 points Save Forensic accounting can be broken into how many categories? Two: Investigative and Litigation. Two: Internal and External. Three: Investigative, External, Preventative. Three: Internal, Litigation, Certified. Question 7 2 points Save
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Which is one of the areas that the Sarbanes-Oxley Act of 2002 has made CEO's rely on forensic accountants heavily? CEO's must now sign their financial statements and are held personally liable for and fraud committed. CFO's must become qualified as forensic accountants. To become a CEO in a public company, their personal financial records must be certified by a forensic accountant. Both a and b. Question 8 2 points Save The Institute of Business Appraisers offers which certification? CPA. CBA. AICPA. EA. Question 9 2 points Save Which of the following is not a skill needed by a Forensic Accountant? Auditing Skills. Criminology. Sociology. Information Technology. Question 10 2 points Save Which of the following events have made the Forensic Accountant industry more popular in the last decade? Corporate Scandals. Sarbanes-Oxley Act of 2002. The U.S. Supreme Court. Both a and b.
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This note was uploaded on 06/08/2008 for the course ACC 418 taught by Professor Turner during the Winter '07 term at Cal Poly Pomona.

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Test1 - S08 FORENSIC ACCOUNTING(08S_CBA_ACC418.01 > TAKE ASSESSMENT EXAM 1 Question 1 2 points Which of the following two are types of auditors

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