Forensics & Project Management : The New Best Friends Forever Essay

I believe my argument was compelling, and should sway Board members toward investing in the development of a forensic lab. The biggest difference between corporate investigation and law enforcement investigation is the individual leading the charge. Dedicated forensic specialists can recover evidences across multiple platforms and work within the guidelines of forensic laws to unearth the truth. Public law should provide the blueprint to which organization create company policy. During an investigation, forensic specialist must follow federal, state and city statue; while adhering to company mandate. In closing, presenting facts in a professional manner carries as much weight as the fact-finding

Internal fraud consists in “a type of fraud that is committed by an individual against an organization. [Furthermore], a perpetrator of fraud engages in activities that are designed to defraud, misappropriate property, or circumvent the regulations, law, or policies of a company”[8]. Not only has the incidence of internal fraud increased in frequency because of the availability of sensitive information such as client details or confidential business documents; moreover, this type of fraud is found in various types of organizations, ranging from corporations, public service institutions and financial institutions. Our analysis will concentrate on the most common and prolific types of internal fraud, namely identity theft, insider trading, loan fraud and wire fraud. Interestingly, PriceWaterhouseCooper conducted a survey that revealed that the “demographics of a typical fraudster are as follows: males (85% of cases), 31-50 years (72% of cases), reached high-school level (50%), Bachelor’s or post graduate degree (50%) and middle or senior management (52%)”[9].

Dr. Kelly Richmond Pope is an associate professor for the School of Accountancy and MIS at DePaul University in Chicago, Illinois. In completing her collegiate career, she obtained a bachelor's degree from North Carolina A&T State University in accounting. Further, Dr. Pope received her doctorate's degree in accounting from Virginia Tech. She was employed by KPMG, LLP practicing forensic accounting. Several cases Dr. Pope has worked on included insurance fraud investigations, fraud risk management jobs, and anti-money laundering engagements. In addition, she co-authored a book, The A.B.C.’s of Behavioral Forensics: Using Psychology to Prevent, Detect, and Deter Fraud.

Forensic readiness is a decade old concept that many organizations have taken steps to address and implement. It involves taking steps of preparation in anticipation of a particular type of incident. This includes ensuring adequate logging for monitoring, detection, post-mortem investigation, and event reconstruction. Forensic readiness ensures that adequate staff, training, tools, and external support are all in place in advance. Forensic readiness is becoming a crucial part of risk management, and good incident preparedness helps to increase efficiency, reduce the costs of incident response, and help organizations prioritize resources (Nikkel, 2014).

After I graduate high school, I want to become a Forensic Science Technician. There are many different pathways to go into Forensics. The path I will pursue is to begin my education in the Health Science Career Field in Diagnostic Services. From there I will go into the Human Services Career Field and will continue my education in Forensic By going into the health field before going into Human Services I will have an advantage by knowing more information on the human body.

Computers are common tools used by the culprits behind white-collar crimes. In order to find “culprits,” the forensic accountant will need to be able to dig deep into the company’s computer system. However, without the proper equipment, that process can prove to be very difficult. To facilitate the preservation, collection, analysis, and documentation of evidence, forensic accountants can use specialized software and computer hardware.

Regulating and controlling white-collar crimes continues to be one of the many challenges facing the criminal justice system. Corporate corruption can make investigating criminal activity very challenging for law enforcement due to governmental involvement. The failure of enforcement efforts to protect society against criminal activity has led to the success of corporate crimes. Companies are successfully harming the environment and gaining profit through corporate-state crimes with governmental help.

This paper will demonstrate the application of criminal statutes to white-collar crime, corporate fraud and governmental crime. This paper will discuss two sophisticated crimes in further detail. This paper will explain and assess common methods or avenues of committing white-collar crime, corporate fraud, public corruption, or governmental crime. This paper will analyze the application of state and federal statutory requirements and case law. This paper will provide examples of criminal incidents and the outcomes of the court cases.

White-collar crime occurs by the government agencies and different professional such as doctor, lawyer, pharmacist, contractor, and politician. People must have employed, non-violent and economical stable to committee’s white-collar crime. Nowadays, there are many types of the frauds are associated with the white-collar crime. Edwin Sutherland was described detailed information about white-collar crime in 1939. In technical terms the fraud is committed through a specific person in society and sometime the issues creates difficult to find actual result. Depending on the situations, there are many variation associated with the white-collar crime. The initial part consider with the personal and during this situation objective work with the individual

In the present day forensic accounting plays a huge role in many of the court cases publicized by the media. With the spotlight on the profession, this is a good opportunity to discuss the following topics:

White-collar crime usually takes place before law enforcement officials have time to prevent it because it is conductive secretively and during extended periods of time resulting in law enforcement official being unable to investigate without breaching privacy. "The time required to investigate a financial crime is at least as long as it took for the fraud to be prepared and executed. This situation typically dissatisfied the population, most who do not understand the basic requirement of having to prove, without any reasonable doubt, the culpability of financial criminals."(Michel, 2008: 394). This is a key issue pertaining to white-collar crime due to if the crime has already occurred the hardship to the victims has also occurred. Preventing white-collar crimes from happening can be improved by proving awareness and encouraging strong leadership among corporate business

In this day and age, a corporation, family, or individual always has a potential risk of encountering fraud within their money supply. On average, fraud and abuse costs U.S. organizations more than $400 billion annually (Federal Bureau Investigation, 2010). Many may think that white collared crime is only money laundering or stealing, but that is only two out of the sum that countless culprits get away with. The term “white-collar crime,” originally coined in 1939 is synonymous with the full range of frauds committed by business and government professionals (Federal Bureau Investigation, 2010). These frauds include anything from bankruptcy fraud, money laundering, identity theft, corporate fraud to a wide number of threats all circling

What is forensic accounting one might ask? It has been on the rise lately and has been talked about for years, but do people really know what it is. Well look no more; you came to the right place. This paper will discuss the ends and outs of forensic accounting. For example, the certifications required to become one, the history of forensic accounting and many different types of crimes that forensic accounts handle.

There are many different avenues that one could take in the field of accounting. It is a lucrative career with many areas of interest to be followed. I have chosen Forensic Accounting to further review and research. This paper will define forensic accounting, describe what it takes to be a forensic accountant, give some statistics about forensic accounting, and give my feedback on this potential career path.

Forensic accounting procedures can be applied regardless of how the money flow is executed and can be implemented in money laundering investigations and terrorist activities. Those who launder money are similar to terrorists in that they act illegally to rationalize their behaviors and have financial pressure to act in that manner (Grubor). When these conditions are present, it raises a red flag for investigators who then contact a forensic accountant for further examination. Oftentimes, terrorists and money launders act under the veil of a business. When describing a business, this can either refer to a terrorist funding entity or a corporate institution engaging in fraudulent activities. The procedure used by forensic accountants combines criminal investigation processes with financial analysis techniques. It begins with the foundational phase and later leads into interpersonal communications, data collection, and analysis (indirect and direct), and later ending with the trial (Dorrell).