Forensic Accounting

1945 Words8 Pages
Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. "Style is a fraud. I always felt the Greeks were hiding behind their columns." Fraud in the financial community is consistently hidden in "style." Since its beginnings in the "great depression," to now, "the great recession" fraud has undoubtedly taking many forms and styles. Subsequently, many non suspecting patrons have been severely damaged as result of this greed and corruption. Many of America's largest and most established companies are not exempt from this form of style manipulation. As we will soon see, many corporations, including Enron, have both the ability and incentive to commit fraud. In today's fast paced information age, fraudulent activities are now becoming more difficult to detect, and even more difficult to prove. As a result, the demand and subsequent use of forensic accountants will be very important in the future as litigation continues to take hold of the financial services industry. Firms such as JP Morgan, Bank of America, Goldman Sachs, and larger banks have now been subjected to large amounts of litigation and negative publicity. The need for forensic accounting during these periods is high as their skill set warrants their use in court. First, a forensic accountant must possess a strong attention to

More about Forensic Accounting

Open Document