Which of the Following Statements Is True of Forensic Accountants

question 9

Multiple Choice

Which of the following statements is true of forensic accountants in litigations involving computer forensics?

• A) In cases where a computer expert is needed, the forensic accountant may rely on the computer expert's opinions in forming his or her own opinions but should not assist the court in selecting the expert.
• B) In cases where a computer expert is needed, the forensic accountant may assist the court in selecting the expert but should not rely on the computer expert's opinions in forming his or her own opinions.
• C) Although forensic accountants are not expected to evaluate a computer expert's analysis, they should have sufficient knowledge of the subject matter to identify any gross errors or failures.
• D) Although forensic accountants are not expected to have sufficient knowledge of the subject matter to identify any gross errors or failures, they should evaluate a computer expert's analysis.

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Definitions:

Contractual Capacity

The legal ability of a person to enter into a binding contract.

Form a Contract

The process of creating a legally binding agreement between two or more parties.

Consideration

The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.

Bargained-For Exchange

A fundamental principle in contract law where both parties must exchange something of value for a contract to be considered valid and enforceable.