Final answer:
The statement is true; forensic accounting is broader than fraud auditing as it covers a variety of services beyond just auditing for fraud, such as litigation support and business valuation.
Step-by-step explanation:
The statement that the forensic accounting field is broader than fraud auditing is true. Forensic accounting encompasses not only fraud auditing, but also includes other services such as litigation support, insurance claims analysis, business valuation, and divorce forensics. Fraud auditing is a subset of forensic accounting focused specifically on identifying and collecting evidence of fraud. Forensic accountants are trained to look beyond the numbers and deal with the business reality of a situation. For example, a forensic accountant may be involved in providing expert testimony in court, helping to settle disputes, or assisting in financial crime investigations.