Question

Forensic accounting is the application of financial principles and theories to facts or hypotheses in a legal dispute and consists of two primary functions: Litigation advisory services and investigative services Expressing an opinion of guilt or innocence in court regarding audit results and documenting the steps taken to reach that opinion Subjecting accounting data to a Benford Analysis and explaining the results to a judge or jury Providing courtroom testimony and administrative technical guidance to attorneys

Answer 1

The correct answer is C.- Subjecting accounting data to a analysis and explaining the results to a judge.

Justification:

The primary function of a forensic accountant is to assist in preparing financial evidence and analysis for court against criminal activity. Firstly, there’s an element of investigation, and another element of providing review and consultancy in court. The job is generally varied, working on a case by case basis, and forensic accountants generally work in teams to get a job done, often dealing with lawyers, law enforcement agencies, insurance companies, government organisations, financial institutions, and other accountants to get the best analysis for a case.