What Are the Two Primary Roles Forensic Accountants Play in Forensic

question 29

Multiple Choice

What are the two primary roles forensic accountants play in forensic matters?

• A) Valuator and estimator.
• B) Mediator and arbitrator.
• C) Expert consultants and expert witnesses.
• D) Rented judge and rented jury.

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Definitions:

Restricted Contribution

Funds given to an entity with specific conditions or purposes attached, limiting their use.

Endowment Contributions

Financial gifts provided to an institution, typically with the stipulation that the principal remains intact while the investment income is used for organizational purposes.

Restricted Fund

Funds that are earmarked for a particular purpose or project by donors or grantors and cannot be freely used for any other expenditures.

Investment Income

Income earned from investments, including dividends, interest, and capital gains from securities, real estate, or other assets.