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Forensic Accounting Quiz

Authored by Gatot Soepriyanto

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Forensic Accounting Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which historical case directly influenced the creation of the Securities Exchange Act of 1934?

South Sea Bubble

Samuel Insull fraud

Ivar Kreuger “Match King” fraud

Charles Ponzi scheme

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the final step in the fraud investigation process according to the slides?

Interviewing suspects

Developing a fraud theory

Communicating with appropriate parties

Gathering all related documents

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is *not* part of the COSO framework for internal control?

Control environment

Control awareness

Monitoring

Risk assessment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does a forensic accountant play after an allegation has surfaced?

Preparing financial statements

Providing tax advice

Investigating financial evidence and testifying in court

Assisting auditors in routine audits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to SOX, which of the following became a key responsibility of the audit committee?

Budget approvals

Staff promotions

Oversight of antifraud programs

Day-to-day operations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which best describes the fraud cycle’s *initial* trigger?

Audit result

Fraudster’s planning

Court investigation

Financial misstatement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is unique to forensic accounting compared to regular auditing?

Use of GAAS

Professional skepticism

Independent calculation of financial impact

Expressing opinion on financial statements

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