Which of the Following Statements About Hiring Accounting or Fraud

question 15

Multiple Choice

Which of the following statements about hiring accounting or fraud professionals in bankruptcy proceedings is INCORRECT?

• A) If the trustee wants to employ attorneys, accountants, or other professionals to represent or assist the trustee, the trustee has to get the court's approval.
• B) All the professionals must be employed under Code section 327.
• C) The retention of a fraud examiner or investigator in a bankruptcy proceeding is up to the discretion of the trustee.
• D) A creditor may engage the services of a professional to investigate allegations of bankruptcy fraud independently from the court. In this case, the creditor usually compensates the professional directly.

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Definitions:

Urinary Bladder

A muscular sac in the pelvis, just above and behind the pubic bone, that stores urine before it is excreted from the body.

Preganglionic Neuron

A preganglionic neuron is a nerve cell that projects from the central nervous system to a ganglion, part of the autonomic nervous system, where it synapses with postganglionic neurons.

Somatic Motor System

The part of the central and peripheral nervous system involved in the voluntary control of body movements via skeletal muscles.

Autonomic Ganglion

A cluster of nerve cell bodies in the autonomic nervous system that acts as a relay point for transmitting nerve signals.