Overview of Forensic Accounting Essay

Forensic Science has contributed to our world a great deal. People often misunderstand Forensic Science and believe it is much more capable than it really is. As a matter of fact what you see on T.V. is around 80% false or over exaggerated in some way. To Start of, Criminal Investigation is the largest and most known form of Forensic Science. Some of the more known areas include; Fingerprinting, Ballistics, DNA Identification, Fiber Samples, Computer Animation, Documentation analysis, etc. To get this out of the way in the beginning, what you saw on last night’s law and order is far from the truth. Things they do in a matter of hours take months at a time, and most of the time aren’t even plausible concepts.

Therefore, if you are studying accounting in college you should have an idea of kind of accounting field you wish to enter. There is a quote that said, “CPA is always an accountant, but not all accountants are CPA.” Hence, there are a number of accountants who never pass the CPA exam and though they can perform a variety of accountancy task, they are not allowed to perform certain tasks that only a CPA can do. Hence, no matter if you are, a certified accountant or not you there will be a place for you in the accounting field. The larger companies will go out and hire a CPA (Certified Public Accountant) in order to maintain some form ethics within the company. However, the small businesses might hire an accountant to perform duties as a managerial accounting, cost accounting, and financial accounting.

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

| (TCO A) An AICPA committee in 1986 broke forensic accounting into two broad areas:

In this course, students are introduced to the conduct of fraud examinations, including a discussion of specific procedures used in forensic accounting examinations and the reasoning behind these procedures. Topics include an overview of fraud and abuse, forensic evidence, substantive procedures for cash outflow irregularities, substantive procedures for asset irregularities, financial statement fraud, and examination reporting.

Forensic accountants plan, implement and oversee complex auditing investigations that support litigation activities. They analyze paper and digital bank, financial and business records. They use database tools to extract and summarize quantitative data that is transformed into financial models that are used in litigation. They also research and analyze qualitative data relevant and provide reports summarizing the results. Forensic accountants conduct quality reviews on previous and current work projects to ensure data accuracy and integrity is maintained. Forensic accountants are usually Certified Public Accountants (CPAs) or Certified Fraud Examiner (CFEs). They must have expert knowledge of common fraud schemes and data analysis techniques. They also need to have the demonstrated ability to manage

The aim of this report is to examine Computer Forensics and Anti Forensics in details, investigation and Analysis techniques, and standard set of procedures which Forensics investigators must follow

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:

Countries are regularly updating their legal guidelines to explain how digital evidence affects the digital constitution act. As a result, criminals developed their own tools to conceal their crimes creating real-world challenges for forensics investigators. Today, investigators need to learn from many standards of practice: researching from old to new computer systems, expand mechanical knowledge, create new developments and solutions for any investigation.

It is indisputable that the advancement in technology and knowledge has greatly improved the capability to catch criminals. Forensics of the past did not include the tools or knowledge that we now have. Although forensics is not a perfect science nor has it ever been, we are closer to perfecting it than ever. Every criminal leaves behind some traces of evidence; it is up to the professionals to find and analyze it to solve cases. Looking at the timeline of forensics technology of the past to the present it is evident that it has evolved dramatically and will continue to do so.

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.

Students wishing to become business administration professionals have to participate in undergraduate or MBA programs to get according degrees. Also when it comes to accounting, a subdivision of business studies, students usually need to take several years of authorized examinations in order to become Certified Public Accountant, shortened as CPA.

There are four main fields of accounting and auditing listed by the Bureau of Labor Statistics: "public accounting, management accounting, government accounting, and internal auditing." CPAs are not limited to a narrow list of activities, in fact public accountants typically work with a "broad range of accounting, auditing, tax, and consulting

Forensic accounting is “ an accounting analysis that is suitable to the court, which will form the basis for discussion, debate and

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