1
CFF Practice Exam - CFF Review Course Questions with
Answers (100% Correct Answers)
Note on Flaschard Set— Answer: AICPA does not provide answer to
these questions - the answers received a 95% on their exam. Unsure
which answers may be incorrect.
Which is not a role that forensic accountants serve in during litigation
matters?
a. Litigation Consultant
b. Expert Witness
c. Bankruptcy Trustee
d. Member of Arbitration Panel— Answer: Member of Arbitration
Panel
- Threat to independence
How does forensic accounting differ from auditing?
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,2
a. Auditors look only at the past, whereas forensic accountants look at
the present and future.
b. Only auditors can express opinions.
c. Forensic accountants must follow the legal rules of procedure and
evidence.
d. Staff auditors do not need to be CPAs, whereas all forensic
accountants must be CPAs.— Answer: c. Forensic accountants must
follow the legal rules of procedure and evidence.
Which is not a typical forensic accounting service?
a. Providing an expert opinion on the presentation of a company's
financial statements.
b. Providing a valuation of a business in a divorce case.
c. Investigating fraudulent financial transactions posted in the books.
d. Searching for hidden assets in a bankruptcy case.— Answer: a.
Providing an expert opinion on the presentation of a company's
financial statements.
© 2025 All rights reserved
,3
Which is not something forensic accountants should have knowledge
of?
a. The federal rules of evidence.
b. The federal rules for taking suspects into custody.
c. The federal rules of civil procedure.
d. State and local court procedures and rules.— Answer: b. The federal
rules for taking suspects into custody.
Which is not required to establish authoritative guidance for the
AICPA?
a. Deliberation in meetings open to the public.
b. Publishing exposure drafts of proposed statements.
c. A formal vote by the appropriate AICPA body.
d. A formal vote by the AICPA membership.— Answer: d. A formal
vote by the AICPA membership.
© 2025 All rights reserved
, 4
- Appropriate body, not membership. They'd never open it up to
thousands.
Which is one of the four main sections of the AICPA Code of
Professional Conduct?
a. Preface.
b. Rules for auditors.
c. General standards.
d. Reporting standards.— Answer: a. Preface.
Four sections: Preface, Members in Public Practice, Membbers in
Business, Other Members
Which is not likely to pertain to a forensic accountant conducting a
fraud investigation?
a. Integrity and objectivity.
b. Compliance with standards.
c. Independence.
© 2025 All rights reserved
CFF Practice Exam - CFF Review Course Questions with
Answers (100% Correct Answers)
Note on Flaschard Set— Answer: AICPA does not provide answer to
these questions - the answers received a 95% on their exam. Unsure
which answers may be incorrect.
Which is not a role that forensic accountants serve in during litigation
matters?
a. Litigation Consultant
b. Expert Witness
c. Bankruptcy Trustee
d. Member of Arbitration Panel— Answer: Member of Arbitration
Panel
- Threat to independence
How does forensic accounting differ from auditing?
© 2025 All rights reserved
,2
a. Auditors look only at the past, whereas forensic accountants look at
the present and future.
b. Only auditors can express opinions.
c. Forensic accountants must follow the legal rules of procedure and
evidence.
d. Staff auditors do not need to be CPAs, whereas all forensic
accountants must be CPAs.— Answer: c. Forensic accountants must
follow the legal rules of procedure and evidence.
Which is not a typical forensic accounting service?
a. Providing an expert opinion on the presentation of a company's
financial statements.
b. Providing a valuation of a business in a divorce case.
c. Investigating fraudulent financial transactions posted in the books.
d. Searching for hidden assets in a bankruptcy case.— Answer: a.
Providing an expert opinion on the presentation of a company's
financial statements.
© 2025 All rights reserved
,3
Which is not something forensic accountants should have knowledge
of?
a. The federal rules of evidence.
b. The federal rules for taking suspects into custody.
c. The federal rules of civil procedure.
d. State and local court procedures and rules.— Answer: b. The federal
rules for taking suspects into custody.
Which is not required to establish authoritative guidance for the
AICPA?
a. Deliberation in meetings open to the public.
b. Publishing exposure drafts of proposed statements.
c. A formal vote by the appropriate AICPA body.
d. A formal vote by the AICPA membership.— Answer: d. A formal
vote by the AICPA membership.
© 2025 All rights reserved
, 4
- Appropriate body, not membership. They'd never open it up to
thousands.
Which is one of the four main sections of the AICPA Code of
Professional Conduct?
a. Preface.
b. Rules for auditors.
c. General standards.
d. Reporting standards.— Answer: a. Preface.
Four sections: Preface, Members in Public Practice, Membbers in
Business, Other Members
Which is not likely to pertain to a forensic accountant conducting a
fraud investigation?
a. Integrity and objectivity.
b. Compliance with standards.
c. Independence.
© 2025 All rights reserved
