Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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Which of the following is INCORRECT?
  1. Sufficient data and facts are the basis of a testimony
  2. Reliable and effective methods and principles are used during testimonies.
  3. Only a CPA can be an expert witness
  4. Expert witness shall apply principles and facts when testifying
  5. Economics is integral part of litigation process
  6. An expert should have knowledge about financial environment
  7. Only a financial expert can work as an expert
  8. Court can nominate any person to work as an expert
Explanation
Answer: C - It is not compulsory that only a financial expert can work as financial expert. To serve as a practitioner, being a CPA is not a compulsion.
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