Which of the Following Forensic Accounting Services Primarily Focuses on Determining

question 33

Multiple Choice

Which of the following forensic accounting services primarily focuses on determining who committed the fraud,the scheme of the fraud,the time frame and duration,how much was taken,and who else was involved?

• A) fraud detection
• B) fraud deterrence
• C) fraud examination
• D) fraud anticipation

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Definitions:

Cash Payments

Transactions involving the transfer of cash from one entity to another, usually as exchanges for goods, services, or to settle debts.

Purchases

Transactions involving the buying of goods or services for the purpose of resale or direct use in production or operations.

Free Cash Flow

The amount of cash generated by a business after accounting for capital expenditures such as buildings or equipment, indicating the company's ability to generate additional revenues.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment to improve its long-term operations and growth.