Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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When gathering information, which of the following best describes the professional competence that is required?
  1. Client is required to prepare all the reports
  2. Practitioner should refuse to work on the engagement when there is dearth of
    sources required to gather and preserve information
  3. Practitioner should accept work and modify changes during
  4. Information gathering is client’s prerogative
Explanation
Answer: B - Information gathering is a critical aspect of an engagement. Practitioners should possess the skills required to keep in accordance of the terms of the engagement. Any uncertainties should be conveyed to the client. Practitioners should refuse to work on an engagement when a lack of information or sources exists.
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