Author Question: Forensic accountants must display the attribute of trustworthiness. Explain why trust is important ... (Read 69 times)

jerry coleman · **on:** Jul 6, 2018

Forensic accountants must display the attribute of trustworthiness. Explain why trust is important in any forensic accountants' professional relationships.

What will be an ideal response?

Question 2

Which of the following is correct?
a. Debit is the normal balance of the accounts payable account.
b. Credit is the normal balance of the accounts receivable account.
c. Debit is the normal balance of the Income from Services account.
d. Debit is the normal balance of the Drawing account.

welcom1000 · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

Trust is important in any professional relationship, but especially so for forensic accountants given the adversary-advocacy nature of their work. Trust plays a role not only in the development of a forensic accountant's opinions, but also in the communication of those opinions, especially in a trial setting. The outcome of a case is ultimately decided by the trier of fact (for example, the jury in a jury trial). In this role, the trier of fact must assess the credibility of witnesses, including expert witnesses. To be deemed credible and thus facilitate a connection with the jury, forensic accountants must display the attribute of trustworthiness.

Answer to Question 2

D