Forensic and Investigative Accounting, Crumbley - Exam Preparation Test Bank (Downloadable Doc)

1. Forensic accounting and fraud auditing are synonymous.



a. True

*b. False




2. Forensic accountants generally look at history rather than the
future.



a. True

*b. False




3. The scribes of ancient Egypt were the forerunners of today's
accountants.



*a. True

b. False




4. Over time the definition of forensic accounting has changed from
being an investigative accountant to litigation support (testifying in
court).



a. True

*b. False

,5. Expert witnessing can be traced back to the early 1800s to a court
decision in Scotland.



a. True

*b. False




6. James McClelland, a Glasgow, Scotland accountant, probably was the
first known forensic-type accountant.



*a. True

b. False




7. The forerunner of the AICPA was created before the 1900s.



*a. True

b. False




8. Delaware was the first state to legislate CPA laws.



a. True

*b. False




9. Expert witness articles did not appear until the 1900s.

, a. True

*b. False




10. Accountants as expert witnesses began in criminal and arbitration
cases.



a. True

*b. False




11. Arbitration was the driving force for expert witnessing in England
in the early years.



*a. True

b. False




12. Robert Lindquist probably invented the phrase "forensic accounting."



a. True

*b. False




13. Arthur Andersen created a CPA firm that eventually disappeared.



*a. True

b. False

, 14. The Journal of Accounting began in 1964.



a. True

*b. False




15. In 1948, there were less than 100 accountants working for the FBI.



*a. True

b. False




16. (G.) Jack Bologna was the author of the first forensic accounting
book.



a. True

*b. False




17. Jack Bologna and Robert Lindquist said that finding fraud was like
an iceberg: many of the behavioral considerations lurk beneath the
surface.



*a. True

b. False