In the Legal Briefcase box discussion about accounting fraud,it was concluded that:
A)The field of forensic accounting has almost diminished as a specialized field of accounting due to new laws such as the Dodd-Frank Act.
B)Forensic accountants are reporting that fraudulent acts such as inflating revenues continue to rise,even with new regulations.
C)Ponzi schemes are difficult to detect,even with trained forensic accountants.
D)Colleges and universities are way behind in their recognition of forensic accounting as an important specialized field of accounting.

Question

Quizplus · Accepted Answer

The Legal Briefcase box discussion states that despite new regulations, forensic accountants are still reporting a rise in fraudulent acts such as inflating revenues. This indicates that accounting fraud remains a prevalent issue and the need for forensic accountants is still present.

In the Legal Briefcase Box Discussion About Accounting Fraud,it Was