Question

Lloyd, CFE, has asked Betsy for access to her bank records as part of an investigation into an alleged embezzlement scheme. If Betsy agrees, her consent must be written, signed, and dated in order for it to be binding.

a. True
b. False

Answer 1

The consent must be written, signed, and dated for it to be binding in an investigation into an alleged embezzlement scheme.

Step-by-step explanation:

The answer to the question is b. False. In the context of an investigation into an alleged embezzlement scheme, Lloyd, CFE (Certified Fraud Examiner) cannot simply obtain access to Betsy's bank records with a written, signed, and dated consent. To obtain such access, Lloyd would typically need a legal authority such as a subpoena or court order.