An example of a forensic accounting assignment might be ________.
A)to ensure compliance with specific legislation
B)to provide an opinion about the effectiveness of a government program
C)to provide assurance about the fairness of prospective financial information included in an initial public offering document
D)to estimate the value of inventory lost in a warehouse fire

Question

Quizplus · Accepted Answer

Estimating the value of inventory lost in a warehouse fire involves forensic accounting techniques such as reconstructing transactions and tracing financial records to determine the actual value of inventory at the time of the fire. This is a typical example of a forensic accounting assignment. A, B, and C are not examples of forensic accounting, but rather relate to other areas of accounting such as compliance, performance auditing, and assurance services.

An Example of a Forensic Accounting Assignment Might Be ________