Forensic Accounting

Category - Fundamental Forensic Knowledge

What is scienter?
  1. An omission or misrepresentation that is ill-intended
  2. Delayed ruling by the court on a specific issue
  3. Practitioner deviating from the rules and standard
  4. A situation where the practitioner leaves a case midway.
Explanation
Answer: A - Scienter is an omission that is not only ill-intended, but also aimed at defrauding and deceiving others. It can have significant impact on the outcome of a specific case.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz