How does a forensic accountant's focus differ from an auditor's?
AExamines evidence of crimes
BPrepares the annual budget
CSets accounting standards
DFiles the tax returns
Answer & Solution
Correct answer: A. Examines evidence of crimes
Forensic accountants examine evidence of criminal offences, while auditors handle gross financial statements and give opinions on reliance.
Keep practising Powers and Duties of Auditors and Auditing Standards
Browse all Powers and Duties of Auditors and Auditing Standards questions for CA Final, or explore more Auditing topics.
Related questions
A Government company has an auditor. Under s.143(5), who appoints that auditor?An auditor tells only the Board of a large fraud. Which duty is breached?Which model names the three fraud elements as opportunity, pressure and rationalization?Which two roles can a forensic accountant combine?Which case is credited with showing the importance of forensic accounting in the 1930s?A hoax differs from fraud because it involves deliberate deception without what?Which statistical test is used in analytics to detect fraudulent figures in large data setThe most general form of criminal fraud is described as theft by what?