CHAPTER 5
Emerging Issues in Forensic Accounting
Executive Summary
Existence and persistence of high-profile financial statement fraud (FSF) can be detrimental to the integrity and soundness of the financial markets and adversely affect the quality and reliability of public financial information. Forensic accountants are well-trained and equipped to detect FSF, and thus contribute to the improvement in quality and reliability of financial reports. This chapter presents emerging issues and challenges in fraud investigation, including revenue recognition, fair value estimation, collusion and conspiracy, bribery and money laundering, and cyberattacks.
Introduction
Forensic accounting has advanced as a rewarding and exiting profession with a focus ...
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