FORENSIC ACCOUNTING
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Rescooped by RICHARD MAYUNGBE, PhD, MBA, FCCA, FICA, CPFA, from Forensic Auditing
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Use of Forensic Accounting to Avoid a Compliance Meltdown

Use of Forensic Accounting to Avoid a Compliance Meltdown | FORENSIC ACCOUNTING | Scoop.it

Junell says that forensic accountants collect and analyze accounting and internal-controls evidence. They use this information to produce a fact-based report that can inform the decision-making process in inquiries, investigations and dispute resolution. The by-products of a forensic accountant’s work can include remediation strategies to help a company mitigate and remedy procedural or internal-controls gaps that allowed the underlying issue to occur. Inquiries into accounting and internal controls raise a host of technical issues requiring specialized knowledge that forensic accountants are uniquely positioned to provide. Junell contrasts these areas with that of internal audit, which she believes more often looks at process to determine if it has been adhered to in a procedure. This leads to internal auditors examining evidence to determine whether people followed prescribed processes or internal controls; this occurs, for example, in an operational Sarbanes-Oxley (SOX) or Foreign Corrupt Practices Act (FCPA) compliance audit.

Junell writes that forensic accounting differs from auditing in both its objective and skill sets. The objective of a forensic accounting assignment is to collect, analyze and report on the evidence or facts surrounding a particular act that often has litigious, fraudulent or criminal implications. Auditors also collect and analyze evidence, but an independent auditor’s objective is to attest to the credibility of assertions that are under examination, such as the material accuracy of financial statements for which the audited company’s management is responsible. However, she argues that a key role of the forensic accountant is to identify a concern and to notify company management about the issue or issues discovered.


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Fraud and Forensic Accounting Certificate Program

Fraud and Forensic Accounting Certificate Program | FORENSIC ACCOUNTING | Scoop.it

Our online Fraud and Forensic Accounting Certificate Program prepares participants for a career in the exciting field of forensic accounting by providing them with skills and tools to both prevent fraud from occurring and discover fraud after it has occurred.Five-course, stand-alone graduate credit certificate program100% online course deliveryLive interaction with La Salle's distinguished facultyCurriculum designed to help professionals gain the knowledge and skills needed to enter forensic accounting and fraud investigative positions

 


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BookmarkGroups.com : Submit Favorite Links & Share Your Content With The World | Submit Story, SEO Bookmarks & Bookmarking Site Lists Community | Free Bookmarker of World News, Videos & Images

BookmarkGroups.com : Submit Favorite Links & Share Your Content With The World | Submit Story, SEO Bookmarks & Bookmarking Site Lists Community | Free Bookmarker of World News, Videos & Images | FORENSIC ACCOUNTING | Scoop.it
Forensic Accounting Firm: Appleton Richardson & Co are one of the leading firms for hmrc tax… http://t.co/3hKP9JQ92Y
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THE TOUGH ECONOMY IS INCREASING THE NEED FOR FORENSIC ACCOUNTING IN THE UK

THE TOUGH ECONOMY IS INCREASING THE NEED FOR FORENSIC ACCOUNTING IN THE UK | FORENSIC ACCOUNTING | Scoop.it
The demand for forensic accounting has been increasing steadily over the last few years, according to recent news reports in the media. The tough economy means that more businesses are getting into trouble, meaning there will often be a need to investigate what is happening. This work may be required in order to help with criminal or other legal proceedings. Forensic accounting involves a high level of skill and expertise because it can be so difficult to get to the bottom of things. 
Forensic Accounting Explained 
Forensic accounting is the process whereby accounting is combined with investigation skills to discover information. This investigation will usually be used in legal proceedings, so it must meet specific standards. The forensic accountant will usually work for a solicitor, and it will be their job to dig up information. In order to do this type of work the accountant needs to have a great deal of experience and have good intuition that will lead them towards the information they need. The type of things that this accountant might be looking for would include:
• Provide a summary of the financial situation of a business. This needs to be something that is reliable and easy enough to understand so that people who may not be very familiar with accounting can use it in legal proceedings. 
• Find financial evidence that can be used in a court case. 
• Testify in court about what they find. 
• They need to be able to find any evidence of fraud or financial malpractice.

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The Official Website of GMAD 2013

RT @doniherlambang: Int'l Conference & Essay Competition "Forensic Accounting for Better World Economy" please visit http://t.co/23oMhtGDE0
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Forensic Accounting and Fraud Accounting - Washington DC | Bond Beebe Forensic

Bond Beebe's forensic accounting practice is led by a Principal with more than 30 years of public accounting experience.

 

Forensic Accounting 101

What is Forensic Accounting?How Do I Know When I Need a Forensic Accountant?What Does a Forensic Accountant Do?Occupational Fraud StatisticsOccupational Fraud FAQ'sForensic Accounting ResourcesThe Field of Forensic Accounting


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Jim Wesberry's curator insight, March 25, 2013 3:08 PM

Website of a Washington, DC forensic accounting firm

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Economic Crime Forensics (ECF) | La Salle University

Economic Crime Forensics (ECF) | La Salle University | FORENSIC ACCOUNTING | Scoop.it
Online CFP course & exam certification with experienced, BU faculty driven instruction.
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BookmarkGroups.com : Submit Favorite Links & Share Your Content With The World | Submit Story, SEO Bookmarks & Bookmarking Site Lists Community | Free Bookmarker of World News, Videos & Images

BookmarkGroups.com : Submit Favorite Links & Share Your Content With The World | Submit Story, SEO Bookmarks & Bookmarking Site Lists Community | Free Bookmarker of World News, Videos & Images | FORENSIC ACCOUNTING | Scoop.it
Forensic Accounting Firm: Appleton Richardson & Co are one of the leading firms for hmrc tax… http://t.co/3hKP9JQ92Y
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CPA Training and Certification for High-Demand Financial Forensics Services

CPA Training and Certification for High-Demand Financial Forensics Services | FORENSIC ACCOUNTING | Scoop.it
Demand for forensic accounting services will remain strong over the next five years in the United States as a result of increased financial regulations and continued demand for investigative services. NACVA's Cornerstones of Financial Forensics Workshop, the AICPA’s “Preferred Provider” of this training for candidates seeking the Certified in Financial Forensics (CFF) credential, delivers an understanding of professional standards, legal underpinnings of financial forensics, and a thorough overview of the specialized areas of financial forensics practice.

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