Forensic Accountants: Their Roles, Skills, and Responsibilities Term Paper

A look at how forensic accountants work to help prevent fraud.
# 152086 | 1,327 words | 9 sources | APA | 2012 | PK
Published on Dec 19, 2012 in Accounting (Fraud)


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Description:

This paper explores the role of forensic accountants in detecting and preventing fraud in businesses.The paper highlights the basic responsibilities and requisites of a forensic accountant. Reference is also made to special cases where forensic accounting has helped in fraud detection or prevention.

Outline:
Forensic Accountants
Five Most Skills Needed by a Forensic Accountant
The Role of a Forensic Accountant within a Courtroom Environment
Legal responsibility a forensic accountant providing service to a business
Fraud Cases and the role of Forensic Accountant

From the Paper:

''Forensic accounting is the application of investigative skills and accounting knowledge to detect and prevent financial fraud. Forensic accountants assume important positions in legal services, investigative services, regulatory agencies and professional firms (Britten, 2010). In performing their role, forensic accountants must identify gaps in accounting information, compliance, internal control and auditing. This role is gaining more significance in light of growing incidences of reported corporate crime. This paper explores the roles and various skills desirable in a forensic accountant. The paper also reviews the legal responsibilities of a forensic accountant and how effective performance of these responsibilities can help them become fraud busters.
''Much of the role of a forensic accountant deal with the inefficiencies occurred in financial reporting and auditing. This implies that a forensic accountant must be able to locate the intentional and unintentional errors of accountants and auditors.''

Sample of Sources Used:

  • Bressler, L. (2012). The role of forensic accountants in fraud investigations: Importance of attorney and judge's perceptions. Journal Of Finance & Accountancy, 91-9.
  • Britten, K. (2010). WANT TO BE A FORENSIC ACCOUNTANT?. Accountancy, 145(1402), 107.
  • Digabriele, J. A. (2008). An Empirical Investigation of the Relevant Skills of Forensic Accountants. Journal Of Education For Business, 83(6), 331-338.
  • Lichtman, S.H. 2009. The power of storytelling. The CPA Journal 79(4): 6-8.
  • Patil, A. S. (2011). Forensic Accounting: A new concept of Investigation. Golden Research Thoughts, 1(6), 1-3.

Cite this Term Paper:

APA Format

Forensic Accountants: Their Roles, Skills, and Responsibilities (2012, December 19) Retrieved March 22, 2023, from https://www.academon.com/term-paper/forensic-accountants-their-roles-skills-and-responsibilities-152086/

MLA Format

"Forensic Accountants: Their Roles, Skills, and Responsibilities" 19 December 2012. Web. 22 March. 2023. <https://www.academon.com/term-paper/forensic-accountants-their-roles-skills-and-responsibilities-152086/>

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