An Example of a Forensic Accounting Assignment Might Be

question 4

Multiple Choice

An example of a forensic accounting assignment might be

• A)determining whether overall financial statements are stated in conformity with IFRS.
• B)estimating the value of inventory lost in a warehouse theft.
• C)evaluating the effectiveness of an internal process.
• D)ensuring compliance with specific legislation.

Recognize the importance of forward contracts in managing foreign exchange risk.

Calculate the value of a forward contract at different key dates including the commitment date and settlement date.

Apply appropriate accounting principles for translating financial transactions under IAS 21.

Understand the implications of different exchange rate quotations (direct and indirect) in financial reporting.