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Forensic Accounting

Category - Fundamental Forensic Knowledge

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Can a CPA, who prepares and maintains a company’s financial information, perform the role of a practitioner as well?

Absolutely, this is what the job description entails
No, it creates a self-interest threat; practitioner would be evaluating the same information he/she prepared
Dependent upon the client
If the practitioner has the time to do so

Explanation

Answer: B - Self-interest threat is to be avoided at all costs. A practitioner shall not be reviewing the same information he/she has prepared. It contradicts the very nature of the information scrutiny process. The above situation creates a self-interest threat.

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