Forensic 13 - Question 1 1 out of 2 points When is...

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Question 1 1 out of 2 points When is accepting losses a reasonable business practice? Answer Selected Answer: Fraud losses often are accepted as a cost of doing business. You should accept the loss, Collect insurance if available and litigate. Correct Answer: It is a reasonable practice when the costs of an investigation exceed the benefits. Costs can include out-of-pocket costs, legal costs, investigation costs, negative publicity costs, and so on. Benefits can include restitution, deterrence, benefits to society, and so on. Response Feedback: It is a reasonable practice when the costs of an investigation exceed the benefits. Costs can include out-of-pocket costs, legal costs, investigation costs, negative publicity costs, and so on. Benefits can include restitution, deterrence, benefits to society, and so on. Question 2 2 out of 2 points What is the difference between an expert consultant and an expert witness? Answer Selected Answer: The expert consultant is an independent accounting contractor who provides expert opinions in a wide array of cases, such as those relating to divorces, mergers and acquisitions, fraud investigations,employee-employer disputes,insurance disputes and so on. Expert witnesses are granted a privileged status conclusions based on facts admitted into evidence and other information on which they choose to reasonably rely. Correct
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This note was uploaded on 02/29/2012 for the course FORENSIC 101 taught by Professor ? during the Spring '12 term at Post.

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Forensic 13 - Question 1 1 out of 2 points When is...

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