In the Legal Briefcase Box Discussion About Accounting Fraud,it Was

question 195

Multiple Choice

In the Legal Briefcase box discussion about accounting fraud,it was concluded that:

• A)The field of forensic accounting has almost diminished as a specialized field of accounting due to new laws such as the Dodd-Frank Act.
• B)Forensic accountants are reporting that fraudulent acts such as inflating revenues continue to rise,even with new regulations.
• C)Ponzi schemes are difficult to detect,even with trained forensic accountants.
• D)Colleges and universities are way behind in their recognition of forensic accounting as an important specialized field of accounting.

---

Definitions:

Cloud Storage

Online services that allow users to store, share, and access their files over the internet from any device.

Locally

Pertaining to data or operations that are stored or executed on a computer or network without requiring external resources.

Hard Disk

A data storage device used for storing and retrieving digital information using magnetic storage.

Specifications

Detailed descriptions of the design, materials, and requirements of a project or product.