Fbi Agent Specializing In Accounting Case Study

One of the advantages to being a CPA within a large firm is that you have the opportunity to work in many areas of accounting for many varied company clients. This will give me a multifaceted experience level not easily obtained while working independently or for a smaller firm. I hope to have the opportunity to do some forensic accounting work where I would prove suspected embezzlement within a client’s company (S. Westfield, personal interview, August 1, 2008).

Certified Public Accountants handle a variety of jobs and task. They can offer tax income tax preparation and advise to range of clients including individuals, small businesses, and corporations. Some might choose to work as a forensic accountant to investigate accounting fraud that requires reviewing accounting reports, records and systems to expose any evidence of criminal activities. Other might choose a different path like consultation service, because they rather assist in financial matters with a private clients, not-for-profit organizations, government institutions and financial firms.

The profession of accounting is a one that is highly regulated, due to the knowledge and power each accountant possesses. Although an accountants duties differ from one position to the next, the main sectors that accountants pursue are auditing or taxation. Auditing is ensuring the public that the information listed on the financial statements of public companies is free of material misstatements. While taxation is helping people or companies file their tax returns to the federal government or offering tax advice. In the world of auditing, you either follow the Public Company Accounting Oversight Board (PCAOB), for public company audits, or the American Institute of Certified Public Accountants (AICPA), for other entities

CAS 300 requires auditors to their audit using a risk based model where the nature, timing and extent of audit procedures are based on the assessed risk of material misstatement. Pickett (2006) argues that for audits to be effective and efficient, much of the audit effort should be focused on areas that are considered to pose the highest audit risk. Additional audit procedures should be linked to individual audit assertions whereas other audit procedures need to be performed as and when needed. Thus, for an audit plan to be put in place, it is necessary for an auditor to come up with a risk profile of the client comprising an understanding of the business operating by the audit client, assess business risk and also perform its preliminary analytical review.

Although, it may seem the FBI knows about the majority of criminalistics situations; they have been doing this job for many years and many years to come. John continues, “The FBI originated from a force of special agents created in 1908 by Attorney General Charles Bonaparte during the presidency of Theodore Roosevelt (2).” This organization has been serving justice since the Roosevelt years in the early 1900’s. Everything the FBI is capable of, could not be demonstrated with perfection if it was not for their structure. This structure consists of being part of the U.S. Department of Justice, which is headed by the United States Attorney General. The authority they are granted are to enforce the law on a federal level (Sections 533 and 534, Title 28 of the U.S. Code). These are the ways the Federal Bureau of Investigation works from the agencies missions, history of the agency and the impressive structure of the agency, which makes them one of the major aspects of the federal law to the United States of America. From the approval of President Roosevelt to establish the beginning of the FBI,

The Federal Bureau of Investigation, FBI, is a law enforcement and national security organization. “The mission of the FBI is to protect and defend the United States against terrorist and foreign intelligence threats, to uphold and enforce the criminal laws of the United States, and to provide leadership and criminal justice services to federal, state, municipal, and international agencies and partners” (“Quick Facts”). There are many different qualifications and requirements to become an FBI Special Agent but the salary and career outlook make them worth it.

When the FBI was established, there weren't an abundance of federal crimes, so it investigated criminal acts that dealt with national banking, bankruptcy, naturalization, antitrust, peonage, and land fraud. In June of 1910, the FBI grew larger because the "Mann Act" (Made it a crime to transport women to

Being an FBI agent is a very tough and strenuous job. Becoming an FBI agent is a whole other accomplishment in itself. To become an FBI agent you would need to have a superb background with the law enforcement. If you have no background in law enforcement this will not be the career for you. An FBI agent works mainly with criminal investigation, long desk hours just doing research (FBI agent, 2014). Also having good communication skills would be a good trait to have. You will have to be able to calm people down in high stress situations or just be able to talk to someone from another country. An FBI agent needs to have an absolute understanding of their job duty, they are required to have a certain level of education, and they will need to acquire some useful skills to help them out.

If an FBI agent has arrived at my office with a search warrant in hand I will ask the agent to present identification. I will then record the agent name and contact information. I will call the federal agency to vertify that agent is their employee. Once everything comes back clear. I will notify my Corporate Compliance Officer, CEO, Director, Public Relations and CNO. Once once everyone is there then we will take agent to a private room and see what search warrant is for. I will have to make sure we understand what the warrant is wanting. I will make sure that only Corporate compliance officer is handling and passing information to federal agents. Any information the agent is take should be documented from COOF and signed off that was

If I do become apart of the FBI my duties are to gather information, interview people, search records to unlock a new clue, and more. It is possible for me to go undercover to reveal more clues. Most of my work is done on computer so I will definitely need technology background. I watch people's schedule. I watch them when they ar home or leave to go somewhere. I do need to know the law well though because I have to follow the

As laws and regulations continue to grow and become more complex, the need for forensic accountants is sure to continue growing as well. An example of how regulations have grown (mirroring the demand for forensic accountants) can be seen by comparing the scope and length of the Sarbanes-Oxley Act of 2002, at 66 pages, to the 849 page Dodd-Frank Wall Street Reform and Consumer Protection act of 2009.(Tucker, 2011) It is the environment created by such complex regulations and oversight committees that has hedged the need for accounting experts who can help demonstrate both the effects of individual companies on overall markets, as well as the opposite effects of market-happenings on individual firms. This complicated data, made comprehendible by a talented and effective forensic accountant, can serve as the determining factor in a case. Ultimately, this allows for

Fraudulent, erroneous, and illegal acts committed by a public company, usually at a managerial or executive level, have been a very serious problem for many years and have prompted development of strict and updated regulations, such as the Sarbanes-Oxley Act, in an attempt to prevent these occurrences. Unfortunately, these new or updated regulations are not enough to prevent these acts from happening, thus not alleviating the auditors of their responsibility to detect fraud. Some methods that management and auditors can employ to prevent and detect fraud, errors, and illegal acts are: improving knowledge, improving skills,

Forensic accounting is the use of investigative and analytical skills for the purpose of resolving financial issues in a court of law. Forensic accountants need skills in accounting, auditing, finance, quantitative methods, certain areas of laws, research and investigative skills to collect, analyze and

Forensic accountant’s role in investigations is to provide police and district attorneys with assistance. According to financialaccounting.com, accountants assist with the protection and recovery of assets, and coordinate people such as private investigators, forensic document examiners, and consulting engineers. Accountants also provide valuable insight into course of action for the chief investigators.

Forensic accounting covers two broad areas: litigation support and investigative accounting. The AICPA describes litigation service as "any professional assistance non-lawyers provide to lawyers in the litigation process." Forensic science may be defined as the application of the laws of nature to the laws of man. Forensic accounting is accounting that is suitable for legal review, offering the highest level of assurance, and is of a scientific nature. Forensic accounting should be sufficiently thorough and complete so that an accountant, in his/her considered independent