How does forensic accounting differs from other types of accounting?
A) It is a separate field that has no relation to accounting.
B) Forensic Accountants require at least an masters in accounting.
C) Forensic Accountants are more likely to be found dissecting these statements and obtaining evidence from other sources.
D) General Accountants must hold to subjective evidence whereas forensic accountants must use objective evidence.

Question

Quizplus · Accepted Answer

Forensic accountants differ from other types of accountants in that they are more likely to be conducting investigations and obtaining evidence from sources beyond financial statements, such as interviews and documents from other parties. While they may have additional training or certifications, such as Certified Fraud Examiner (CFE), a master's degree is not necessarily required. The distinction between using subjective vs. objective evidence is not unique to forensic accounting and applies to all accounting fields.

How Does Forensic Accounting Differs from Other Types of Accounting