Which of the following statements is true of forensic accounting investigative services?
A. These are provided in connection with actual, pending, or potential legal or regulatory proceedings-criminal or civil.
B. These are only performed after a crime has occurred.
C. These include fraud detection, fraud examination, and fraud deterrence.
D. These generally involve actual or threatened litigation.
Answer:C
Which of the following statements is true of forensic accounting investigative services?
A. These are provided in connection with actual, pending, or potential legal or regulatory proceedings-criminal or civil. B. These are only performed after a crime has occurred. C. These include fraud detection, fraud examination, and fraud deterrence. D. These generally involve actual or threatened litigation.
Explanation: C) Investigative services provided by forensic accountants are generally related to corporate investigations, which are initiated for the purpose of protecting the organization and its assets from internal or external threats.