Chapter 15, Problem 15.29C

Summary Introduction

Case summary:

The case deals with the future directions for the modern accountant. The role of the traditional accountant was analyzing past data, providing interpretation of financial data, and creating financial statements. The roles of modern Certified Public Accountant are demonstrating financial implications for overall operations, human resources, technical resources, data management, and strategy.

The trends that are emerged to the additional roles of the modem accountant are as follows:

• Project management in the expanded role of an accountant
• Social media has changed relationships and the way business is conducted
• Effectiveness as a communicator is a must for the accountant
• Fewer restrictions from physical and geographic boundaries.

To determine: The ways in which the case discussion can be applied to forensic accountants rather than to CPAs.