Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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What should the practitioner do if a critical piece of information is not provided?
  1. Ask the client to provide it anyway
  2. Ignore it
  3. Consider resigning from the engagement
  4. Proceed with the engagement and find for a substitute piece of information
Explanation
Answer: C - When the information is critical enough, its inclusion is mandatory. Omission of such information can halt the engagement, as it can materially, significantly and substantially affect the outcome of the engagement.. Therefore, if such information is not provided, then practitioner should consider sidelining him/herself from the engagement.
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