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Unformatted text preview: b. False 53. The public generally believes that external auditors should find fraud. a. True b. False 54. Undercover operations would be considered one of the seven investigative techniques available to forensic accountants. a. True b. False 55. Forensic accounting is based upon the materiality concept. a. True b. False 57. Imaging a computer is considered to be laboratory analysis. a. True b. False 58. One of the three phases of fraud is the act itself. a. True b. False 60. The Available for Sale method is used to hide liabilities. a. True b. False 61. In a fraud, a victim suffers or the perpetrator achieves a gain. a. True b. False 63. Pursuing an insurance claim is a possible action when a company discovers a fraud. a. True b. False 64. Restatement of previously issued financial statements is an indicator of material weakness in internal control. Page 17 of 44 ...
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This note was uploaded on 07/16/2010 for the course ACCOUNTING 2301 taught by Professor Norton during the Summer '10 term at Academy of Design Tampa.
- Summer '10