Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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Prior to accepting an engagement, the practitioner should:
  1. Assess the resources available with the client
  2. Assess whether acceptance would be in contravention to any of the fundamental principles, such as objectivity and professional competence
  3. Engage in ‘client screening’
  4. None of the above
  5. All of the above
Explanation
Answer: E - Firstly, the practitioner should ensure adherence to all the fundamental principles and guidelines. Secondly, references on the proposed client should be sought, which is known as ‘client screening’. The resources available with the client include monetary resources as well as the operational capability. Prior to accepting the engagement, the practitioner should also look into it.
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