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Bac 409: Forensic Accounting Question Paper

Bac 409: Forensic Accounting

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2010

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
BAC 409:
FORENSIC ACCOUNTING AND LEGAL ENVIRONMENT

=================================================================
DATE: THURSDAY 15TH APRIL 2010
TIME: 8.00 A.M. – 10.00 P.M.

INSTRUCTIONS
Answer ANY FOUR Questions.

Q.1
a)
What is financial statement Fraud.

(5 marks)

b)
Why are financial statement Frauds committed.

(5 marks)

c)
What can auditors do to prevent financial statement frauds?
(10 marks)

Q.2
a)
Briefly explain the meaning of the flowing terms:

i)
Channel stuffing

ii)
Hawala exchange
iii)
Money laundering

iv)
White collar crime
v)
Cash larceny

(10 marks)

b)
What are the signs of a Hawala Exchange and How is it related to money

laundering?

(10 marks)

Page 1 of 2
Q.3
a)
Distinguish between criminal for feature and Non-conviction based asset

forfeiture.

(10 marks)

b)
What do you understand by (StAR) initiative.

(5 marks)

c)
Identify at least five offences contained in the Proceeds of Crime and Money

Laundering Prevention Act 2009.

(5 marks)

Q.4
The following report was prepared by Kona Mbaya Police station on 25th December

2009.

Mwala's Landlady entered Mwala's apartment to collect the rent and found him lying

in a pool of blood on the floor of his bathroom with a single gunshot wound on the

head.

A 38-caliber revolver was lying three feet from Mwala's body. A neighbour observed

Mwala's girlfriend, Ann, enter Mwala's apartment at 4.00 p.m. on the day of the

murder.

The GS4 driver observed a woman matching Ann's description leave his apartment at

5.30 p.m that same day,

A witness heard a gunshot in the area of Mwala's apartment at 5.10 p.m. Ann's best

friend stated that Ann was planning to break-up with Mwala after she found that

Mwala had slept with another woman.

Responding officers located an apparent handwritten suicide note, covered in blood

and signed in Mwala's name.

Based on this report construct an investigative inference chart.

(20 marks)

Q.5
a)
What are the main sources of documentary evidence?

b)
What types of documents do you expect from the sources identified in (a)

above.

(8 marks)

c)
What would you go about planning a case?

(10 marks)
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Bac 409: Forensic Accounting Question Paper

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