Forensic Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Charles S

 

Date added:

February 17, 2014

 

Level:

University

 

Grade:

C

 

No of pages / words:

3 / 658

 

Was viewed:

5452 times

 

Rating of current essay:

 
Essay content:

A Forensic Accountant has to do a lot of interviewing. Although every case is unique, a typical case for a Forensic Accountant would include the following steps: (1) meet with the client (this is done to get the clearest understanding of the facts, parties involved and known issues); (2) complete a conflict check; (3) begin the initial investigation (it is best to do an investigation before you set your course of action); (4) create a course of action (by completing the above steps, they will help to set the goals to be accomplished and the steps needed to reach these goals); (5) collect evidence which may include locating documents, economic information, assets, a person or company, and proof of the occurrence of an event; (6) perform the analysis ( this involves: calculating damages, summarizing a large number of transactions, performing a tracing of assets, performing present value calculations utilizing appropriate discount rates, performing a regression or sensitivity analysis, utilizing a computerized application such as a spread sheet, database or computer model, and utilizing charts and graphics to explain the analysis); and lastly, (7) prepare the report...
displayed 300 characters

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A Forensic Accountant has to do a lot of interviewing. Although every case is unique, a typical case for a Forensic Accountant would include the following steps: (1) meet with the client (this is done to get the clearest understanding of the facts, parties involved and known issues); (2) complete a conflict check; (3) begin the initial investigation (it is best to do an investigation before you set your course of action); (4) create a course of action (by completing the above steps, they will help to set the goals to be accomplished and the steps needed to reach these goals); (5) collect evidence which may include locating documents, economic information, assets, a person or company, and proof of the occurrence of an event; (6) perform the analysis ( this involves: calculating damages, summarizing a large number of transactions, performing a tracing of assets, performing present value calculations utilizing appropriate discount rates, performing a regression or sensitivity analysis, utilizing a computerized application such as a spread sheet, database or computer model, and utilizing charts and graphics to explain the analysis); and lastly, (7) prepare the report...
displayed 300 characters

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