Please answer the following questions with detail
4-1: What is the purpose of an interview?
4-9: Identify five ways that a person’s hands can send a message. Briefly discuss each.
4-16: What are the physical and emotional symptoms manifested by a person under stress?
4-25: Discuss the three fundamental stages of the interview process.
4-30: Discuss the order in which witnesses should be interviewed.
5-2: Who is responsible for the structure and content of financial statements?
5-13: What is the agency problem?
5-20: What is professional skepticism, and how is it used by the forensic accountant?
5-28: Identify five common categories of financial ratios. How are ratios in each category normally expressed in terms of decimals, percentage, or dollars?
5-32: What must a forensic accountant consider when applying and interpreting financial ratios?
6-6: Define fraud.
6-9: Define intent
6-12: Define white-collar crime
6-20: Identify three personal characteristics that might serve as indicators or “red flags” of fraudulent activity. Briefly discuss each.
6-36: what is the relationship between personal misconduct and organizational misconduct?
Question 5: What are the three categories of metrics for evaluating an organization’s security governance?
7-1: Starting on page 180, please create a Word document and provide your opinion on the investigation for the case titled “Robert and Nathaniel Smith, Peoples, and Valuation Analysis”
8-1: What is data?
8-9: What makes data relevant to a forensic accounting engagement?
8-11: How does the standard of proof impact the threshold of sufficiency?
8-20: How is the data gathering effort different for a corporate investigation compared to civil litigation?
8-33: What factors influence the reliability of timeline data?
9-5: What is the purpose of inferential statistics?
9-6: Why are forensic accountants less likely to use inferential statistics to analyze data in an engagement?
9-22: Define data mining and discuss how it is valuable to the data analysis effort.
9-25: define ratio analysis as a form of data mining and describe four specific ratios.
9-27: Why is a forensic accountant concerned with minimizing the risk of identifying false positives?
Question 6: What are the five roles within a security governing body structure defined in COBIT 5?
10-1: What is the difference between a profession and a professional?
10-5: What is the difference between a principle and a rule?
10-11: Identify and discuss six fundamental principles set forth in the ACFE standards of Professional Conduct.
10-24: Discuss the benchmark that a forensic accountant should use when evaluating the significance of a threat.
10-26: Identify and discuss five drivers of professional responsibility failure.
11-1: Identify three different situations that commonly drive business valuations.
11-6: What two Items are required to calculate the present value of a future benefit stream?
11-18: Define capitalization and explain its two components.
11-37: Describe the market approach and discuss two methods under this approach.
11-39: Identify three types of reports a forensic accountant might prepare. Describe each.
12-11: What are economic damages?
12-16: For compensatory damages, what is the significance of the phrase “compensable by law” and “measurable within the realm of economics”?
12-20: Identify four components the comprise a common framework for calculating economic damages.
12-28: What is computer forensics?
12-36: What is the final stage of a forensic accounting engagement? Discuss.
Question 4: What are the four factors that determine risk, and how are they related to each other?
United States vs Abdul Karim Khanu Case:
Case Background
1. Briefly describe the key element of the fraud allegedly
committed by Mr. Abdul Karim Khanu
Fraud Evidence
2. Based on the detail evidence presented in the court
proceedings, explain the key evidential elements in the case.
Refer to Chapter X to identify these evidence
Evidence Assessment
3. Based on the detail evidence presented in the court
proceedings, assess the relevance, accuracy and completeness
of the evidence in the case that demonstrate fraud has
committed
Case Outcome
4. Based on the detail evidence presented in the court
proceedings, assess the outcome of the case that introduced
proper forensic analysis for fraudulent activities
Forensic Accounting Analysis – Pitfalls
5. Based on the forensic analysis provided by the Attorney of
USA, what are some of the pitfall of the evidence presented
in the court proceedings, and some gaps that would have
led to different outcome of the case
Forensic Analysis – As the Forensic Accountant
6. Assuming you were hired as a Forensic Accountant by the
Prosecutors to gather and assess evidence on the case;
based on the lessons from your Forensic Accounting class,
what could you have done differently in this fraud case
