Question

In: Operations Management

1)Liam is a public accountant who works for an auditing firm. He likes to tell people...

1)Liam is a public accountant who works for an auditing firm. He likes to tell people that he is as much a detective as he is an accountant because his job involves analyzing financial documents for fraudulent entries and financial misconduct. Based on this scenario, what type of accountant is Liam? Multiple Choice :

an actuarial accountant ;a project accountant; a managerial accountant; a forensic accountant ;an auditory accountant

?2)

Natalie is an accountant whose primary job responsibilities involve analyzing fraudulent entries in financial statements and rooting out evidence of "cooked books" for federal agencies. According to this information, Natalie is most likely to be a(n) _____ accountant.

Multiple Choice

fund

environmental

social

project

forensic

?3)

Marshall is a controller at a large corporation. He is deeply involved in the important financial decisions of the company, and his main role is preparing and analyzing the company's financial statements. Based on this scenario, what type of accountant is Marshall?

Multiple Choice

a certified public accountant

a private accountant

a certified management accountant

a forensic accountant

a certified fraud examiner

4)Natalie is an accountant whose primary job responsibilities involve analyzing fraudulent entries in financial statements and rooting out evidence of "cooked books" for federal agencies. According to this information, Natalie is most likely to be a(n) _____ accountant. Multiple Choice fund environmental social project forensic

5)In the context of accounting, _____ are responsible for obtaining and recording the information that accountants require to analyze a firm's financial position. Multiple Choice workers stockholders bookkeepers creditors debtors

Solutions

Expert Solution

Answer:-

1) a forensic accountant

Explanation:- Forensic accounting is an accounting that is fit for legal review. It involves analyzing financial documents in search of fraudulent entries or financial misconduct (detectives as accountants, basically).

2) forensic

Explanation:- Forensic accounting is an accounting that is fit for legal review. It involves analyzing financial documents in search of fraudulent entries or financial misconduct (detectives as accountants, basically).

3) a certified public accountant

This is because a certified public accountant deals with preparing and analyzing the company's financial statements and making important financial decisions.

4)forensic

Forensic accountants are involved in  analyzing and discovering any fraudulent entries that have been committed in financial statements and rooting out evidence

5)bookkeepers

Bookkeepers perform the function of collecting,analyzing and storing important information that is required in preparation of financial statements.


Related Solutions

You are a financial auditor who works in one of the public accountant firm. You are...
You are a financial auditor who works in one of the public accountant firm. You are assigned by your partner to audit a client. This client listed in stock market which uses IFRS as the accounting standard. This client is a distribution company which product is home appliances. Clients sell goods to retail stores, both modern and traditional home appliances. The following are the things that you encounter when auditing that client: a) The client has 10 (ten) operational vehicles...
You are a financial auditor who works in one of the public accountant firm. You are...
You are a financial auditor who works in one of the public accountant firm. You are assigned by your partner to audit a client. This client listed in stock market which uses IFRS as the accounting standard. This client is a distribution company which product is home appliances. Clients sell goods to retail stores, both modern and traditional home appliances. The following are the things that you encounter when auditing that client: a) The client has 10 (ten) operational vehicles...
M.P., age 45, works as an accountant in a busy firm. He is of African-American descent....
M.P., age 45, works as an accountant in a busy firm. He is of African-American descent. He and his wife have been married for 25 years and have two children, ages 21 and 18. His father is alive and well at age 68 but was diagnosed with BPH 5 years ago. M.P. considers himself to be in good health and has no allergies; he is approximately 15% overweight. His wife insisted that he seek medical intervention because of urinary symptomatology;...
6. (A). During 2018, Eileen (a self-employed accountant who also works part-time for a CPA firm)...
6. (A). During 2018, Eileen (a self-employed accountant who also works part-time for a CPA firm) used her car as follows: 12,000 miles (business), 1,400 miles (commuting), and 4,000 miles (personal). In addition, she spent $440 for tolls (business) and $620 for parking (business). If Eileen uses the automatic mileage method, what is the amount of her deduction? 6. (B) Jeff uses his automobile for both business and personal use and claims the automatic mileage rate for all purposes. During...
Taking into consideration the Government Auditing Standards, why would an independent public accountant consider it their...
Taking into consideration the Government Auditing Standards, why would an independent public accountant consider it their responsibility to report suspected fraud to any person(s) or entity during the audit of a state or local government?
Taking into consideration the Government Auditing Standards, why would an independent public accountant consider it their...
Taking into consideration the Government Auditing Standards, why would an independent public accountant consider it their responsibility to report suspected fraud to any person(s) or entity during the audit of a state or local government?
BTN 1-1 Tana Thorne works in a public accounting firm and hopes to eventually be a...
BTN 1-1 Tana Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnet’s financial statements. In discussing the audit fee, Allnet’s management suggests a fee range in which the amount depends on the reported profit of Allnet. The higher its profit, the higher will be the audit fee paid to Thorne’s firm. Required Identify the parties potentially affected by this audit and...
JJ is a 50 y.o. woman who works as an accountant. She presents to her family...
JJ is a 50 y.o. woman who works as an accountant. She presents to her family physician with elevated blood pressure and obesity. JJ has struggled with her weight since childhood and indicates that her weight problems worsened 5 years ago when she returned to work as an accountant. PMH No history of any obesity co-morbidities Admits to snoring at night, but denies waking up in the middle of the night or falling asleep during daytime activities FH + for...
JJ is a 50 y.o. woman who works as an accountant. She presents to her family...
JJ is a 50 y.o. woman who works as an accountant. She presents to her family physician with elevated blood pressure and obesity. JJ has struggled with her weight since childhood and indicates that her weight problems worsened 5 years ago when she returned to work as an accountant. Nutrition Assessment Client History: Age- 50 years old Gender- Female Married with three children-ages 20, 15, and 10 Medical/Health History- elevated blood pressure (145/90 mm Hg) Family History: Mother history of...
Your friend is an airplane enthusiast who likes to build his own engines. He is building...
Your friend is an airplane enthusiast who likes to build his own engines. He is building a new engine and has asked you to help him. He tells you the engine must provide 192 hp of output power to the airplane to operate it safely. The fuel has a heat of combustion of 4.03 ✕ 107 J/L. He has an exhaust and cooling system in his scrap pile that he wants to use for the new engine. This system can...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT