Even If a Case Does Not Go to Court, a Forensic

question 48

Essay

Even if a case does not go to court, a forensic accountant might be called upon to assist during what two types of situations (define both)?

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Definitions:

Standards-Setting Body

An organization or group responsible for developing and issuing standards, such as accounting or auditing standards.

Diluted Earnings Per Share

A metric that shows the quality of a company's earnings per share if all convertible securities were converted into new shares.

Potentially Dilutive Securities

Financial instruments that could decrease earnings per share if converted to common stock, such as convertible bonds, options, and warrants.

Common Stock

Equity ownership in a corporation, with rights to share in its profits and vote in company matters.