What Is One of the Primary Differences Between a Financial

question 34

Multiple Choice

What is one of the primary differences between a Financial Statement auditor and a Forensic Accountant?

• A) Financial statement auditors are likely to follow leads suggested by immaterial items whereas Forensic Accountants often must restrict their efforts to searching for material misstatements.
• B) Forensic Accountants are likely to follow leads suggested by immaterial items whereas financial statement auditors often must restrict their efforts to searching for material misstatements.
• C) Forensic Accountants must focus on specific legal areas that produce fraud charges under the courts of law whereas financial statement auditors focus their attention on the Generally Accepted Accounting Principles.
• D) Forensic Accountants are likely to ask individuals to fix discrepancies found in financial statements whereas financial statement auditors will fail a corporations financial statement certification, therefore having repercussions with the SEC.

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Definitions:

General Anesthetic

A class of medication used to induce a temporary state of loss of sensation or awareness for the purpose of performing surgery or other painful procedures.

Muscle Relaxant

A substance or drug that reduces muscle tension and is used in the treatment of muscular pain and spasms.

rTMS

Repetitive Transcranial Magnetic Stimulation, a noninvasive procedure that uses magnetic fields to stimulate nerve cells in the brain to improve symptoms of depression.

ECT

Electroconvulsive Therapy, a psychiatric treatment where seizures are electrically induced in patients to provide relief from mental disorders.