Forensic Accounting

Category - Specialized Forensic Knowledge

Which of the following is NOT a generally accepted weakness of informal settlements?
  1. Creditor’s approval can be a nuisance
  2. Hinders creativity
  3. Can become delayed fora lengthy period
  4. Individual disputes remain unresolved
Explanation
Answer: B - The hindrance of creativity is not a generally accepted weakness of informal settlements. They often necessitate creative and unique ideas to settle the case.

In regards to weaknesses of informal settlements, primary issues that must be dealt with are difficulty obtaining the creditor’s approval and individual disputes remaining unresolved. In addition, these settlements can become delayed for lengthy periods.
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