An Introduction to Forensic Accounting
Executive Summary
Business and accounting scandals (Madoff, Satyam, Stanford Financial, and subprime mortgage fraud) have dominated the business news in the past several decades. Numerous cases of high-profile alleged FSF (e.g., Enron, WorldCom, Parmalat, Satyam) as well as the investment Ponzi schemes and credit crunch scandals have negatively affected the financial markets and investors’ confidence in public financial information. Forensic accounting has advanced as an important and rewarding field of accounting to prevent, detect, and correct these financial scandals and other types of fraud. In such an increasingly unstable economic and litigious environment, there has been significant growth ...
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