Fraudulent accounting practices do not just occur in firms who do not have on site accountants. According to the Legal Briefcase box provided in your textbook, illegal and questionable accounting practices have been the demise of some large multi-national corporations. The professionals assigned to investigate these improprieties are:
A)forensic accountants
B)certified public accountants
C)independent auditors
D)certified financial planners

Question

Quizplus · Accepted Answer

Forensic accountants are professionals specifically trained to investigate and uncover fraudulent accounting practices. Certified public accountants and independent auditors are responsible for ensuring that financial statements are accurate and comply with accounting standards, but they may not be trained to detect and investigate fraud. Certified financial planners are not typically involved in investigating accounting practices. Therefore, the best choice for investigating fraudulent accounting practices is forensic accountants.

Fraudulent Accounting Practices Do Not Just Occur in Firms Who