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!

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

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!

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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. Thank you.
A forensic accountant conducting a fraud examination must follow GAAP when presenting the subject's financial data....
A forensic accountant conducting a fraud examination must follow GAAP when presenting the subject's financial data. a. True b. False Please explain the reason why you chose your answer. Thanks!
If a forensic accountant turns on an employee's computer, the evidence is still likely to be...
If a forensic accountant turns on an employee's computer, the evidence is still likely to be admissible in the courtroom. a. True b. False What is the“Investment value” is: a. The general market value of a business. b. The market value of a listed company. c. The value of the business to the current owner. d. The value of the business to a specific buyer. e. None of the above. When a suspect's PC is disconnected, all the following data...
James is a CPA student with a large public accounting firm and soon he will be...
James is a CPA student with a large public accounting firm and soon he will be promoted to senior accountant. This month, during the audit of Lumber Company, James told the controller that he is fixing a house. The controller gave some material with an employee’s friends and family discount – He pays the bill and was happy to have the materials that he otherwise could not afford. Q1: What alternative course of action could he have taken to avoid...
1-An intangible loan from the CPA to an officer of a client affects the independence of...
1-An intangible loan from the CPA to an officer of a client affects the independence of the CPA. True False 2-The AICPA Professional Code of Conduct states that a CPA will not disclose any confidential information obtained in the course of a professional engagement, except with the consent of the client. This rule must be understood to prevent a CPA from responding to an investigation made by: a-The jury of the AICPA. b-A research body of a state company of...
Please respond to the following: Use the Internet to research a publicly traded company that received...
Please respond to the following: Use the Internet to research a publicly traded company that received an unqualified audit report from external auditors and faced accusations of reporting false or misleading accounting information. Discuss the departures from generally accepted accounting principles (GAAP) that you have researched, and give your opinion as to whether or not the Public Company Accounting Oversight Board (PCAOB) should levy sanctions against the CPA firm for issuing the unqualified report. Identify the sanctions and section of...
"Auditor Accountability" Please respond to the following: Use the Internet or Strayer Library to research a...
"Auditor Accountability" Please respond to the following: Use the Internet or Strayer Library to research a publically traded company that received an unqualified audit report from external auditors and faced accusations of reporting false or misleading accounting information. Next, discuss the departures from generally accepted accounting principles (GAAP) that you have researched, and give your opinion as to whether or not the Public Company Accounting Oversight Board (PCAOB) should levy sanctions against the CPA firm for issuing the unqualified report....
If P(A) = 0.4 and P(B) = 0.6, then A and B must be collectively exhaustive....
If P(A) = 0.4 and P(B) = 0.6, then A and B must be collectively exhaustive. True False Could you please explain why?
Evolution is still occurring among contemporary humans: A. True B. False Please choose your answer and...
Evolution is still occurring among contemporary humans: A. True B. False Please choose your answer and explain your choice as indicated by the directions by explaining your thoughts with at least 175 words per entry at minimum to help demonstration elaboration of concepts.
1) Each of the following situations involves a possible violation of the rule on independence. For...
1) Each of the following situations involves a possible violation of the rule on independence. For each situation, (1) decide whether the Code of Professional Conduct has been violated, and (2) briefly explain how the situation violates (or does not violate) the Code of Professional Conduct. (a) Harry Brown is a partner in the Topeka office of Hedley & Co., CPAs. Harry's brother is employed in an audit-sensitive position by Jensen Appliances, a publicly held company in Kansas. Jensen Appliances...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT