Which of the Following Is NOT the Primary Focus of a Fraud

question 27

Multiple Choice

Which of the following is NOT the primary focus of a fraud examination by a forensic accountant?

• A) Who committed the fraud?
• B) How was the fraud committed?
• C) When was the fraud committed?
• D) Why was the fraud committed?

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Definitions:

Net Present Value

A valuation method that calculates the value of future cash flows in today's dollars by discounting them at a particular rate.

Internal Rate Of Return

The critical interest rate that nullifies the net present value of cumulative cash flows from a project.

Discount Rate

The interest rate charged to banks for borrowing short-term funds directly from the Federal Reserve, or broadly, the interest rate used to discount future cash flows to present value.