1. Which of the following shows Paul, a forensic accountant, indicating an intellectually curious mindset?

A) He relies on the reports given by the management to form an opinion on the financial viability of the business.

B) He bases his judgments on the existing industry standards and not on the environment in which the organization operates.

C) He gives room for the possibility that mistakes may be attributable to negligence.

D) He questions his understanding of an issue, in spite of being an expert in the field.

2. Which of the following forensic accounting investigation services includes proactive employee strategies such as pre-employment screening, employee training, and employee monitoring strategies?

A) fraud detection

B) fraud deterrence

C) fraud examination

D) fraud anticipation

3. Which of the following best describes the meaning of burden of proof in a trial?

A) It is the obligation of the plaintiff or prosecution to prove liability or guilt.

B) It is the obligation of the jury to prove guilty and reach a verdict after a trial.

C) It is the obligation of the defendant to prove his or her innocence.

D) It is the obligation of the expert witness to prove his or her reliability in the court.

4. Which of the following best describes a Daubert challenge?

A) It is a challenge faced by the judge when the jury is equally divided over a verdict.

B) It is a method used by the jury to evaluate the testimony given during a trial

C) It is a special hearing conducted before the trial judge to determine the relevance and reliability of an expert's opinion.

D) It is a process by which the defendant challenges the prosecution's evidence.

5. Which of the following is true in when a conflict of interest exists in an engagement?

A) A potential conflict of interest need not be disclosed if it does not affect the independence of the forensic accountant.

B) A verbal consent is sufficient to acknowledge the potential conflict and waive any objections related thereto in the presence of a judge.

C) An engagement in which a potential conflict has been identified can be accepted if the conflict does not impair the objectivity of the forensic accountant to a large extent.

D) If a potential conflict of interest is identified, it must be fully disclosed to the client before the engagement is accepted.

6. Which of the following is an example of secondary sources of information?

A) Ben collected data from bank statements and loan documents to support her testimony on the banking fraud case.

B) Wendy interviewed the employees of Bourghen, Inc. to know the accounting procedure followed by the company.

C) Olive referred to similar court cases that had been published to understand the take of the jury and the law on certain issues.

D) Liam analyzed the financial statements and tax returns of Grow Healthy, Inc. to obtain data for forming a working hypothesis.