MAFF (CHRIS
EDWARDS STUDY
CARDS) EXAM 2024
LATEST |404
QUESTIONS | WITH ALL
PASSED ANSWERS!!
Evatee 8/21/24 MAFF
,MAFF (CHRIS EDWARDS STUDY CARDS)
EXAM 2024 LATEST |404 QUESTIONS | WITH
ALL PASSED ANSWERS!!
What does MAFF stand for? Answer - Master Analyst in Financial Forensics
What organization grants the MAFF designation? Answer - NACVA
What is Financial Forensics? Answer - The art and science of investigating
people and money.
What is Financial Forensics? Answer - The art and science of investigating
people and money.
What is "Legal Fraud"? Answer - An "unintentional" deception which causes
financial injury to another.
What organizations give forensic credentials and/or have standards? Answer -
NACVA
AICPA
ASA
ACFE
Assoc of Insolvency & Restructuring Advisors
Certified Patent Valuation Analysts
CFA
,Forensic CPA Society
National Assoc. of Forensic Economics
Inst.for Divorce Financial Analysts
International Assoc of Certified Valuation Specialists
What credentials does NACVA give? Answer - CVA
MAFF
ABAR
CBA
MCBA
What are NACVA's general standards segments? Answer - General / Ethical
Development
Reporting
Review Engagement Development
Review Engagement Reporting
What are NACVA's specific professional standard areas? Answer - Integrity &
Objectivity
Professional Competence
Due Professional Care
Communications with Clients
Planning and Supervision
Sufficient Relevant Data
Confidentiality
Acts Discreditable
Client Interest
, Documentation
Financial Interest
What litigation and forensic credentials does the AICPA offer? Answer - ABV
CFF
What is the primary AICPA standard for consulting services? Answer - SSCS#1
What are the major sections of the AICPA's SSCS#1? Answer - 101 -
Independence
102 - Integrity & Objectivity
201 - General Standards
- Professional Competence
- Due Professional Care
- Planning & Supervision
- Sufficient Relevant Data
202 - Compliance with Standards
203 - Accounting Principles
301 - Confidential Client Information
302 - Contingent Fees
501 - Acts Discreditable
What litigation and forensic credentials are offered by the ASA? Answer -
NONE!
What are the ASA basic standards? Answer - Principles of Appraisal Practice &
Ethics
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