Forensic Accounting and Financial Statement Fraud, Volume II

CHAPTER 1

Roles and Processes of Forensic Accounting

Executive Summary

Forensic accountants are often hired to investigate allegations of wrongdoing such as financial statement fraud (FSF), employee fraud, misappropriation of assets, misrepresentation of financial information, kickbacks, bribery, conspiracy, inside trading, valuation disputes, and money laundering, among other forensic accounting services. It is important for forensic accountants to understand the role of evidence, methods of gathering sufficient and competent evidence, evaluate evidence, reach conclusions, communicate findings, make recommendations, and testify before courts. This chapter discusses the roles of forensic accountants and processes of forensic accounting, including ...