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Forensic Accounting

Category - Fundamental Forensic Knowledge

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What is the cut-off date to consider while collecting and discerning data?

Valuation date
Historical book date
A week before valuation date
Whatever date the client proposes

Explanation

Answer: A - The valuation date serves as the cut-off date for collecting data. When the data is to be analyzed and comprehended, the valuation date is considered and all the future references are to be made based on the specified valuation date.

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