Forensic Accounting

Category - Fundamental Forensic Knowledge

CPAs’ opinion is scrutinized and counter-evaluated in case of:
  1. Attestation engagement
  2. Litigation engagement
  3. CPAs are an authority in themselves and their opinion is never counter-evaluated
  4. All of the above
Explanation
Answer: B - In litigation engagements, the opinions and findings of a CPA are scrutinized by the other party. This is not the case in an attestation engagement, where an auditor’s opinion is taken as a piece of authority.
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