Forensic Accounting

2-11.What four disciplines make up the knowledge base of forensic accounting? Forensic accountants need to have an understanding of law, accounting, fact-finding auditing, and criminology. According to our text in addition to these four categories thither is a need for forensic accountants to also have excellent computing device skills and excellent oral and written communication skills (Crumbley, et.al. 2007 p. 2-3). 2-33. How invaluable is computer knowledge to a forensic accountant? I would have to say that computer knowledge is very important. electronic computer forensics atomic number 18 procedures applied to computers and peripherals for forum evidence that laughingstock be use in civilian and criminal courts of law(Crumbley 2007). For example in reference to enlarged revenues; computer assisted audit techniques ordure be useful in identifying unusual or unhoped revenue relationships or anomalies in transactions. Essentially computer program s can be programed look for anomalies in many areas of dodge as well as universe able to separate and hold open evidence create by category which can be essential when issue to court to give testimony. 3- 9. Where might pecuniary statement fraud occur in a alliance (e.g., what are any(prenominal) red flags)? According to SAS No. 99 double-tongued monetary reporting can be committed by manipulation, falsification, or alteration of accounting records and/or supporting documents which are used to prepare financial statements. Misrepresentation in and/or well-read omission from the financial statements of events, transactions, or other strong information. lettered misapplication of accounting principles which relate to specific amounts, classifications, means of presentation, or disclosure (Crumbley 2007). Fraud can occur in overstated revenues, management estimates relating to acquisitions, bad debt allowances, and pension and other post-retirement attain obligations, and delusory pro-forma! s which are easy ways to hide double-tongued cash...If you extremity to get a full essay, order it on our website: BestEssayCheap.com

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