4. Forensic accounting courses in universities and colleges have been

• The forensic accounting field is broader than fraud auditing.

*a. True

• False

• Forensic accountant qualifications work together to support each

other like a four-layered wedding cake.

• True

*b. False

• A forensic accountant can normal ly assume that the books and records

are true and correct.

• True

*b. False

• Forensic accounting courses in universities and colleges have been

growing rapidly in numbers since 1983.

• True

*b. False

• Knowledge of both statute law and cas e law may be relevant to the

goals or objectives of a forensic accountant.

*a. True

• False

• Criminology is one area of the forensic accountant's knowledge base.

*a. True

• False

• Courtroom procedures are one area of the necessary forensi c

accountant's knowledge base.

*a. True

• False

• A psychology course would not be helpful for a forensic accountant.

• True

*b. False

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• Both professors and practitioners ranked "Fundamentals of Fraud"

number 1 with respect to the importanc e of content in a forensic accounting course.

*a. True

• False

• Professors ranked "Effective Report Writing" number 2 with respect

to the importance of content in a forensic accounting course.

• True

*b. False

• In 2002, a magazine ranke d forensic accounting as one of the most

secure career tracks.

*a. True

• False

• Salaries for forensic accountants range from $40,000 to $115,000.

• True

*b. False

• Shoplifters steal more than employees.

• True

*b. False

• On a Kessler survey, more than 85% of employees admitted to

stealing office supplies and falsifying expense reports.

*a. True

• False

• On a Kessler survey, more than 90% of the employees said they lied

on their job applications that asked whether the y stole from a previous employer.

*a. True

• False

• Cr.FA is an advanced credential that recognizes the holder with an

expertise in valuation and damage analysis.

• True

*b. False

• The Certified Fraud Examiner (CFE) designation is provi ded by the

National Association of Certified Valuation Analysts.

• True

*b. False

• The CFFA certificate refers to a Certified Financial Fraud Analyst.

• True

*b. False

• Data-driven forensic techniques will always detect fraud schemes,

including bribery and kickbacks.

• True

*b. False

• CFEs gather evidence, take statements, write reports, and assist in

investigating fraud.

*a. True

• False

• A CFE should not express an opinion regarding the guilt or

innocence of any per son or party.

*a. True

• False

• The FASNA is a member -driven network of CPA firms who adhere to

high standards of quality and services.

*a. True

• False

• In order to obtain the FASNA certificate, a person must pass a 500-

question examination.

• True

*b. False

• In order to obtain a CVA certificate, a person must hold a valid

CPA certificate.

*a. True

• False

• In order to obtain the NLSSA certificate, a person must hold a

valid CPA certificate.

• True

*b. False

• The Network of Independent Forensic Accountants is a group of

independent forensic accountants in the United States.

• True

*b. False

• The Institute of Business Appraisers (IBA) is the oldest not -for-

profit organization devoted solely to the a ppraisal of closely held businesses.

*a. True

• False

• A kick-back scheme can normally be caught by a data -driven

approach.

*a. True

• False

29. Fraud is much like an iceberg: many of the behavioral factors lurk

on top of the water ready t o sink a corporation.

• True

*b. False

• A bribery scheme can best be caught by behavioral factors.

*a. True

• False

• Just like termites, fraud can destroy an organization.

*a. True

• False

• Recessions often increase fraud and abuse.

*a. True