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1. When comparing a forensic audit with a financial audit, which item would indi

ID: 2421807 • Letter: 1

Question

1. When comparing a forensic audit with a financial audit, which item would indicate a financial audit?

A. Extensive use of interviewing.

B. A sampling process.

C. All of these.

D. More time-consuming.

E. Worrying about rules of evidence.

2. Which statement is false?

A.The Panel on Audit Effectiveness Report occurred before the issuance of SAS No. 99.

The Public Oversight Board was an independent private sector body created in 1977.

The Public Oversight Board's report suggested converting a traditional audit to a "fraud audit."

All of these are true.

3.

Which characteristics would not indicate a forensic accountant?

A. Proactive and ongoing.

B. Future and historical.

C. None of these.

D. Narrow investigation scope.

E. Principles-based.

A. Extensive use of interviewing.

B. A sampling process.

Explanation / Answer

1). C. All of these items indicate a financial audit When comparing a forensic audit with a financial audit

2). B) The Public Oversight Board was an independent private sector body created in 1977

3) A. Proactive and ongoing characteristics would not indicate a forensic accountant