WGU C254 ACCT 6000 Fraud & Forensic Accounting OBJECTIVE ASSESSMENT GUIDE Q & S 2025/2026

1. Question: Which of the following is the primary objective of
forensic accounting?
 - A) Tax preparation
 - B) Audit compliance
 - C) Litigation support
 - D) Financial Planning
 Correct Answer: C) Litigation support
 Rationale: Forensic accounting primarily involves
investigating financial discrepancies to support legal proceedings.
2. Question: Which of the following techniques is commonly
used to uncover fraud in financial statements?
 - A) Ratio analysis
 - B) Journal entries review
 - C) Cash flow assessment
 - D) All of the above
 Correct Answer: D) All of the above
 Rationale: All of these techniques can reveal anomalies or
patterns indicative of fraudulent activities.
3. Question: Which of the following is NOT a common type of
fraud encountered in forensic accounting?
 - A) Asset misappropriation
 - B) Financial statement fraud
 - C) Tax evasion
 - D) Systems development fraud
 Correct Answer: D) Systems development fraud
 Rationale: While asset misappropriation, financial statement
fraud, and tax evasion are well-documented types of fraud,
systems development fraud is less commonly referenced in
forensic accounting.