Which of the Following Is NOT a Way to Become

question 5

Multiple Choice

Which of the following is NOT a way to become a Certified Fraud Specialist (CFS) ?

• A) Successfully completing a multipart examination that covers the detection, deterrence, investigation, and prosecution of white-collar crime.
• B) A bachelor's degree in business or ten years of accounting-related experience and pass the two parts of the Certified Fraud Specialist examination.
• C) Completing the ACFS Academy core courses and taking an examination at the end of each course.
• D) Being grandfathered in by means of submitting information on the experience and education.

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Definitions:

Straight-Line Method

A depreciation technique where an asset's cost is reduced equally over its useful life.

Effective Interest Method

A technique used in accounting to allocate loan discounts or premiums over the life of the loan to the periods benefiting from the loan, reflecting a constant rate of interest.

Carrying Amount

The book value of an asset or liability; for assets, it is typically based on original cost less depreciation.

Straight-Line Amortization

A method of evenly allocating the cost of an intangible asset over its useful life.