"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?
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.
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Which of the following is true about franchising as an entry strategy?
A) It provides firms with minimum control over foreign operations. B) It is an ownership-based international business activity. C) It restricts a firm's ability to expand more rapidly abroad. D) It is typically characterized as an unstable, short-term entry strategy.