Forensic Science

Paul Lewis, forensic accountant, has been engaged by a claimant, Ovizone Company to access the ...

Paul Lewis, forensic accountant, has been engaged by a claimant, Ovizone Company to access the ...

Paul Lewis, forensic accountant, has been engaged by a claimant, Ovizone Company to access the financial loss suffered due to acquisition of Skinet Corp and testify it in the form of a report. Ovizone claims that the acquisition occurred only because

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PorterOlaph

Which of the following is an obligation that relates to professional responsibility?

Which of the following is an obligation that relates to professional responsibility?

Which of the following is an obligation that relates to professional responsibility?
A) to ensure all financial processes of the organization are insulated from fraudulent activities
B) to always do exactly what a client wants no matter wha

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PorterOlaph

Which of the following statements is true of characteristics of a profession?

Which of the following statements is true of characteristics of a profession?

Which of the following statements is true of characteristics of a profession?
A) It enjoys a high level of public trust and confidence even though it is never legalized by a regulatory body.
B) It is organized into associations and there ar

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PorterOlaph

Which of the following statements best differentiates a profession and a professional?

Which of the following statements best differentiates a profession and a professional?

Which of the following statements best differentiates a profession and a professional?
A) A profession is an occupation that requires advanced education and training and a professional is a person who oversees the behavioral actions of those who

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PorterOlaph

Advocacy is the threat that a member will promote a client or employer's position to the point that ...

Advocacy is the threat that a member will promote a client or employer's position to the point that ...

Advocacy is the threat that a member will promote a client or employer's position to the point that his or her objectivity is compromised.
True or False?

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PorterOlaph

The final opportunity to identify and eliminate or at least neutralize adversarial bias of ...

The final opportunity to identify and eliminate or at least neutralize adversarial bias of ...

The final opportunity to identify and eliminate or at least neutralize adversarial bias of testifying experts falls to opposing counsel.
True or False?

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PorterOlaph

The first opportunity to identify and eliminate or at least neutralize adversarial bias of ...

The first opportunity to identify and eliminate or at least neutralize adversarial bias of ...

The first opportunity to identify and eliminate or at least neutralize adversarial bias of testifying experts falls to expert witness himself.
True or False?

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PorterOlaph

As professional standards serve to improve the consistency and quality of practice, various ...

As professional standards serve to improve the consistency and quality of practice, various ...

As professional standards serve to improve the consistency and quality of practice, various organizational standards would always be consistent with each other.
True or False?

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PorterOlaph

ACFE, the world's largest antifraud organization, requires its members to comply with six ...

ACFE, the world's largest antifraud organization, requires its members to comply with six ...

ACFE, the world's largest antifraud organization, requires its members to comply with six fundamental rules as per ACFE's Code of Professional Standards.
True or False?

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PorterOlaph

Statement on Standards for Consulting Services (SSCS) No. 1 defines consulting services as all ...

Statement on Standards for Consulting Services (SSCS) No. 1 defines consulting services as all ...

Statement on Standards for Consulting Services (SSCS) No. 1 defines consulting services as all professional services rendered by any authoritative external regulatory force to their associate organizations.
True or False?

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PorterOlaph

AICPA's Code of Professional Conduct helps members to monitor their own behavior and provides a ...

AICPA's Code of Professional Conduct helps members to monitor their own behavior and provides a ...

AICPA's Code of Professional Conduct helps members to monitor their own behavior and provides a program for resolving disputes.
True or False?

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PorterOlaph

A professional association enjoys a high level of public trust and confidence even though it can ...

A professional association enjoys a high level of public trust and confidence even though it can ...

A professional association enjoys a high level of public trust and confidence even though it can never be legalized.
True or False?

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PorterOlaph

What are the different data analysis tests which use Benford's Law to identify irregularities in ...

What are the different data analysis tests which use Benford's Law to identify irregularities in ...

What are the different data analysis tests which use Benford's Law to identify irregularities in data sets?

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PorterOlaph

What are add-ins? What are the common add-ins that can be used with Excel?

What are add-ins? What are the common add-ins that can be used with Excel?

What are add-ins? What are the common add-ins that can be used with Excel?

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PorterOlaph

What is the purpose of data mining? Give examples of specific applications of data mining.

What is the purpose of data mining? Give examples of specific applications of data mining.

What is the purpose of data mining? Give examples of specific applications of data mining.

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PorterOlaph

Why important is it to include labels along with a graph?

Why important is it to include labels along with a graph?

Why important is it to include labels along with a graph?

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PorterOlaph

Explain how a continuous distribution differs from a discrete distribution.

Explain how a continuous distribution differs from a discrete distribution.

Explain how a continuous distribution differs from a discrete distribution.

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PorterOlaph

Which of the following is a reason why the size of the data set is important to apply Benford's ...

Which of the following is a reason why the size of the data set is important to apply Benford's ...

Which of the following is a reason why the size of the data set is important to apply Benford's Law?
A) Large data sets often have more irregularities than small data sets.
B) It is easier to test small data sets for frequencies of dig

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PorterOlaph

Which of the following is a use of the last-two-digits test?

Which of the following is a use of the last-two-digits test?

Which of the following is a use of the last-two-digits test?
A) It narrows the range of transactions to be investigated.
B) It identifies round numbers which are red flags for invented numbers.
C) It indicates instances where digits ha

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PorterOlaph

Which of the following is an advantage of the first-two-digits test?

Which of the following is an advantage of the first-two-digits test?

Which of the following is an advantage of the first-two-digits test?
A) It narrows the range of transactions to be investigated.
B) It identifies round numbers which are red flags for invented numbers.
C) It indicates instances where d

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PorterOlaph

Which of the following describes the profile for the first digit according to Benford's Law?

Which of the following describes the profile for the first digit according to Benford's Law?

Which of the following describes the profile for the first digit according to Benford's Law?
A) upward slope
B) U-curve
C) bell-curve
D) ski slope

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PorterOlaph

Which of the following is an example of numbers that does NOT follow Benford's Law?

Which of the following is an example of numbers that does NOT follow Benford's Law?

Which of the following is an example of numbers that does NOT follow Benford's Law?
A) city populations
B) stock prices
C) zip codes
D) company revenues

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PorterOlaph

Which of the following is an example of numbers that display a geometric tendency?

Which of the following is an example of numbers that display a geometric tendency?

Which of the following is an example of numbers that display a geometric tendency?
A) Social Security numbers
B) stock prices
C) account numbers
D) zip codes

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PorterOlaph

To conform to Benford's Law, a number series must approximately follow a

To conform to Benford's Law, a number series must approximately follow a

To conform to Benford's Law, a number series must approximately follow a
A) geometric sequence.
B) arithmetic sequence.
C) Fibonacci sequence.
D) decreasing sequence.

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PorterOlaph

Which of the following is a disadvantage of generalized audit software?

Which of the following is a disadvantage of generalized audit software?

Which of the following is a disadvantage of generalized audit software?
A) It cannot be customized for specific tasks.
B) It requires data to be converted to a format that can be processed by it.
C) It does support the creation of an a

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PorterOlaph

Which of the following is an advantage of generalized audit software?

Which of the following is an advantage of generalized audit software?

Which of the following is an advantage of generalized audit software?
A) It facilitates alteration of data.
B) It costs the same as basic programs and is more efficient.
C) It can directly access and analyze data inside the database.

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PorterOlaph

Which of the following is a disadvantage of basic data analysis programs?

Which of the following is a disadvantage of basic data analysis programs?

Which of the following is a disadvantage of basic data analysis programs?
A) They do not allow flexibility of application.
B) They cannot accommodate data in certain formats, in which case the data must be converted.
C) They do not sup

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PorterOlaph

Which of the following is true of Excel?

Which of the following is true of Excel?

Which of the following is true of Excel?
A) It does not require consistency to be maintained between column headings and the type of data contained in the column.
B) It has a well-defined structure that includes tables, queries, and reports

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PorterOlaph

Which of the following is true of Microsoft Access?

Which of the following is true of Microsoft Access?

Which of the following is true of Microsoft Access?
A) The data analysis functions can be enhanced with add-ins.
B) Each field can store multiple types of data for all the records.
C) The layout of Access is different from the layout o

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PorterOlaph

Which of the following is a difference between the programs Microsoft Excel and Microsoft Access?

Which of the following is a difference between the programs Microsoft Excel and Microsoft Access?

Which of the following is a difference between the programs Microsoft Excel and Microsoft Access?
A) In Access, either a number or a formula can be entered into a cell, whereas Excel allows each field to store only one type of data for all the r

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PorterOlaph

Which of the following is a basic data analysis program?

Which of the following is a basic data analysis program?

Which of the following is a basic data analysis program?
A) Microsoft Word
B) Microsoft Excel
C) Microsoft PowerPoint
D) Microsoft Organizer

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PorterOlaph

Which of the following is Type I error in statistics?

Which of the following is Type I error in statistics?

Which of the following is Type I error in statistics?
A) a false positive
B) a miss
C) an incorrect sample
D) failure to identify a true signal

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PorterOlaph

Which of the following ratios is known as the relative size factor?

Which of the following ratios is known as the relative size factor?

Which of the following ratios is known as the relative size factor?
A) ratio of the largest value to the smallest value
B) ratio of the largest (or smallest) value to the mean
C) ratio of the smallest value to the second-smallest value

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PorterOlaph

A larger ratio of the largest value to the smallest value indicates

A larger ratio of the largest value to the smallest value indicates

A larger ratio of the largest value to the smallest value indicates
A) an outlier in the data set.
B) a lesser variation in the data set.
C) a greater variation in the data set.
D) an outlier on the opposite side of the distributi

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PorterOlaph

Which of the following does the ratio of the smallest value to the second-smallest value identify?

Which of the following does the ratio of the smallest value to the second-smallest value identify?

Which of the following does the ratio of the smallest value to the second-smallest value identify?
A) a benchmark that can be tracked over time
B) an outlier on the opposite side of the distribution
C) a greater variation in the data s

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PorterOlaph

Which of the following is true of data mining?

Which of the following is true of data mining?

Which of the following is true of data mining?
A) Sorting is a form of data mining.
B) Data mining cannot be used for investment analysis.
C) Ratio analysis is a form of data analysis, not data mining.
D) Data mining can be used t

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PorterOlaph

Which of the following is true of data mining?

Which of the following is true of data mining?

Which of the following is true of data mining?
A) It cannot reflect the past behavior of the system being studied.
B) It cannot examine the relationships among various factors.
C) It cannot analyze an observation from multiple perspect

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PorterOlaph

Which of the following is a reason why a forensic accountant uses data mining?

Which of the following is a reason why a forensic accountant uses data mining?

Which of the following is a reason why a forensic accountant uses data mining?
A) to generate population of data based on a small sample
B) to collect observations that may be presented as evidence of misrepresentation of information
C

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PorterOlaph

Which of the following is a bar chart, in which each bar represents a single interval and the height ...

Which of the following is a bar chart, in which each bar represents a single interval and the height ...

Which of the following is a bar chart, in which each bar represents a single interval and the height of the bar indicates the number of observations in the interval?
A) pie chart
B) histogram
C) line chart
D) distribution chart

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PorterOlaph

Which of the following is true of presenting data in a graph?

Which of the following is true of presenting data in a graph?

Which of the following is true of presenting data in a graph?
A) Descriptive labels for the two axes may or may not be used.
B) The title of the graph need not be given.
C) Labels for individual data points should always be included.

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PorterOlaph