acc418 exam1 - Take Assessment: Exam 1 Name Instructions...

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Take Assessment: Exam 1 Name Exam 1 Instructions Please select the radio button next to the best answer for each question, then click "save." Click "submit" when you have answered all fifty questions; your score (only) will be available shortly thereafter. Timed Assessment This Test has a 1 hour timer.The elapsed time appears at the top right of the window. A 1 minute warning will be displayed. Multiple Attempts Not allowed. This Test can only be taken once. Force Completion This Test must be completed now. Questio n 1 1 points Save Which of the following is not a skill needed by a Forensic Accountant? Auditing Skills. Criminology. Sociology. Information Technology. Questio n 2 1 points Save How does forensic accounting differs from other types of accounting?
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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. Questio n 3 1 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. Questio n 4 1 points Save Who was the founder of the Association of Certified fraud Examiners? The 187th Congress of the United States. President Bill Clinton. Joseph Wells. All of the above worked together to form the ACFE. Questio n 5 1 points Save If a person wants to earn the credential Certified Forensic Accountant (Cr.FA), what must they possess?
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A PhD in Accounting, 2 years of auditing experience and pass an exam. A bachelor's degree in business or ten years of accounting-related experience and pass the two parts of the examination. Hold a CPA license, be an Enrolled Agent with the IRS and pass the two parts of the examination. Be recommended by the Cr.FA board and pass an oral examination in front of that board. Questio n 6 1 points Save The Institute of Business Appraisers offers which certification? CPA. CBA. AICPA . EA. Questio n 7 1 points Save According to the 2002 Report to the Nation on Occupational Fraud and Abuse, what percentage of corporate revenues were lost in that year to fraud? 2%. 4%. 6%. 8%. Questio n 8 1 points Save Forensic Accounting is defined as: The practice of applying defined financial ratios to investigate a companies financial health. The use of law enforcement to subpoena financial
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This note was uploaded on 11/09/2009 for the course ACC acc418 taught by Professor Acc418 during the Fall '09 term at Cal Poly Pomona.

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acc418 exam1 - Take Assessment: Exam 1 Name Instructions...

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