4. Which of the following is a difference between an external auditor and a forensic accountant? A) An external auditor captures and records all economic transactions of the organization, whereas a forensic accountant ensures compliance with policy and procedures. B) An external auditor manages the organization's accounting and internal control system, whereas a forensic accountant validates effectiveness of controls in various processes or areas of the organization. C) An external auditor adds credibility to reported financial information, whereas a forensic accountant provides assurance that management is adequately identifying and mitigating risks. D) An external auditor forms an opinion on the overall financial statements taken as a whole, whereas a forensic accountant addresses a specific question/issue. 5. All clouds are white. Some clouds are round. Which of the following can be concluded using deductive reasoning? A) Some clouds are white. B) No conclusion can be obtained. C) White clouds are round. D) Round clouds are white. 6. Which of the following is a difference between civil law and criminal law? A) The purpose of civil law is to resolve disputes between individuals or entities, whereas the purpose of criminal law is to convict and punish offenders. B) Under civil law, the burden of proof is on the government, whereas under criminal law, the burden of proof is on the plaintiff. C) Under civil law, the responding party is the government, whereas under criminal law, the responding party is the defendant. D) Civil law sanctions may include imprisonments, whereas criminal law sanctions include compensations but not imprisonments. 7. Which of the following statements is true of standards of proof? A) Preponderance of evidence is a higher standard of proof than clear and convincing evidence. B) In a civil case, the requisite standard is a preponderance of the evidence. C) Clear and convincing evidence is evidence that is probably true. D) Preponderance of evidence is evidence that can be proved beyond a reasonable doubt