CrFA Client Relations 5

Question 1

A forensic accountant wishes to withdraw from an engagement close to a trial date. What should they consider most carefully?

Accepted Answer

Whether withdrawal would unfairly prejudice the client, and the engagement letter's terms

Answer

Withdrawal should follow contract terms and avoid unfair harm to the client's case, with counsel properly notified.

Question 2

In a matrimonial dispute, both spouses ask the same forensic accountant to value the business jointly. What is required for this to be appropriate?

Accepted Answer

Informed consent from both parties, clearly defined neutral role, and a written agreement

Answer

A joint or neutral engagement needs everyone's informed consent and a clearly documented role.

Question 3

A client's attorney asks the forensic accountant to leave a relevant adverse document out of the files reviewed. What is the appropriate action?

Accepted Answer

Decline to ignore relevant evidence and consider it in the analysis

Answer

Ignoring known relevant evidence undermines the opinion's basis and the expert's credibility.

Question 4

Which statement about advocacy by a forensic accountant is correct?

Accepted Answer

The expert may advocate for their own objective opinion, not the client's position

Answer

SSFS No. 1 lets the practitioner defend their own opinion but not act as an advocate for the client's case.

Question 5

A former client's confidential data would help a new client in an unrelated matter. What should the forensic accountant do?

Accepted Answer

Not use or disclose it without the former client's consent or a legal requirement

Answer

Confidentiality duties continue after an engagement ends.

CrFA - Certified Forensic Accountant Practice Test