Question

If a forensic accountant is not a CPA, he or she must still comply with the...

If a forensic accountant is not a CPA, he or she must still comply with the AICPA's Code of Professional Conduct.

a. True

b. False

Please explain the reason why you chose your answer. Thanks!

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Answer #1

Answer

False.

It is necessary that he or she must know the professional standards and regulatory guidance such as AICPA's statement on standards for tax services, internal revenue services circulars and rulings.

Further, it is not mandate for forensic accountant to comply with AICPA's code of professional  conduct. Also, it is not mandatory for the forensic accountant to be a member of AICPA

AICPA : American Institute of Certified Public Accountants.

Forensic accounting refers to theories, principles, legal examination of testimonials with the view to detect and report fraudulent activities. Services of forensic accounting includes business valuation, fraud investigations, litigation support.

Should you any query, please comment.

Good luck!

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