How does forensic accounting differ from fraud examination?

• A. There are no substantive differences between forensic accounting and fraud examinations.
• B. Forensic accounting is the use of accounting for legal purposes whereas fraud examination only deals with fraud cases.
• C. Forensic accounting is done by a CPA whereas only a CFE can perform a fraud examination.
• D. Forensic accounting is used for civil cases whereas fraud examinations are for criminal cases.

Which of the following is a difference between in a financial statement audit for a private client compared to the governmental financial statement audit?

• A. A governmental financial statement audit does not include an opinion
• B. A governmental financial statement audit need not follow GAAS
• C. A governmental financial statement audit includes a report on the compliance of laws, regulations, contracts, and grant agreements that have a material effect on the financial statements
• D. A private financial statement audit may include a report on internal controls over financial reports