Financial Forensics Is the Application of Financial Principles and Theories

question 27

True/False

Financial forensics is the application of financial principles and theories to facts or hypotheses at issue in a legal dispute and consists of two primary functions.

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Definitions:

Outdated

Pertains to something that is no longer current, useful, or relevant due to the passage of time or advances in technology or knowledge.

Voidable

A term referring to a contract that may be legally declared invalid or unenforceable by one of the parties.

Duress

A situation where a person performs an act as a result of violence, threat, or other pressure against the person.

Undue Influence

An illicit means of persuasion that makes someone act against their own interests by the excessive influence of another person.