Nobody downloaded yet

Forensic-MT - Essay Example

Comments (0) Cite this document
Summary
Forensic Accounting is relatively newer branch of Accounting and is defined in a generic manner as a discipline ‘where auditing, accounting and investigative skills are used to assist in disputes involving financial issues and data and where there is a suspicion or allegation…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Forensic-MT
Read TextPreview

Extract of sample
"Forensic-MT"

Download file to see previous pages As the U.S. corporate sector reporting is plagued with continuum of frauds and deliberate accounting errors and manipulation and most of these cases are pending in the courts for due decisions. The need for forensic accounting becomes undoubtedly at its peak as accountants and lawyers seek supportive evidence which is rather factual rather than opinion based. The legal proceedings have become lengthy and complex as businesses and transactions are becoming complicated with too much information in terms of the ways they are carried out and information related to them is dispersed and difficult to gather. Forensic accountants or lawyers need to be competent and knowledgeable to identify weaknesses in the reporting system and prepare the factual documentation regarding an issue or a transaction which is being challenged in the court.
The role of companies audit committees and external auditors are challenged by plaintiffs including regulatory bodies, stakeholders, creditors and general public in fraud cases. The outcome of this severe criticism was the introduction of the SOX 2002. The SOX requires auditors to carry out their audit engagement responsibilities in accordance to the ‘auditing and related professional standards’ laid out by PCAOB (PCAOB, 2004).
Companies hire forensic accountants not only to provide litigation support but also to help them in managing their internal reporting. Auditors are now required to audit management’s assertion on the effective of internal controls over financial reporting (PCAOB, 2007). Information systems are integral part of internal reporting and data should be made accessible to auditors who need to carryout tests to assure the effectiveness of the system and completeness of information managed and generated. Additionally, auditors should acquire written confirmation representation of control ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Forensic-MT Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Forensic-MT Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1556689-forensic-mt
(Forensic-MT Essay Example | Topics and Well Written Essays - 500 Words)
Forensic-MT Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1556689-forensic-mt.
“Forensic-MT Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1556689-forensic-mt.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Forensic investigation
...Currently, the number of crimes committed has been increasing with the technology applied continuously advancing. This has raised concerns among various stakeholders. Forensic investigation has been playing a significant role in identifying the criminals. This is achieved by the use of a well-defined strategies and equipped laboratories. Computer Forensic Process: a guideline for best practices is sequence of steps or set of procedures, which plays a very important part in supporting the forensic examiner to protect the digital evidence. By protecting the evidences, the examiner builds a strong case and avoids dismissal of the case in the court. This paper focuses on creating a manual...
13 Pages(3250 words)Essay
Forensic Archaeology
...?Forensic Archaeology From the word forensic, many people would conjure up images of most popular crime series CSI where Gill Grissom ponders a crimescene and searching clues hidden in skeletal remains of the victim. In contrast to such perceptions indoctrinated by entertainment, are the realties of 2004 tsunami killing around 230,000 people, Bali bombings and killings, tortures and rapes between 1998 and 2003 at Solomon Islands as a result of natural and human caused disasters. Popular but somewhat not realistic perception and understanding of forensic science has brought much awareness in public and government and has influenced the court system, that it is now called “CSI effect” (Toobin, 2007). Forensic archaeology, defined... and...
9 Pages(2250 words)Assignment
Forensic Psychology
...? Forensic Psychology My PSY 131 General Psychology Fall Brandi Marten Forensic Psychology Introduction The term ‘forensic’ refers to matters that pertains “to courts or to law, both civil and criminal” (Bartol and Bartol, 2008, p. 3). Bartol and Bartol (20008, p. 3) pointed out that “forensic science involves the application of scientific knowledge to legal problems” (Bartol and Bartol, 2008, p. 3). According to Bartol and Bartol (2008), psychology is one such science and there are two definitions of forensic psychology: the narrow and the broad definitions. The narrow definition holds that “forensic psychology refers to the application...
5 Pages(1250 words)Research Paper
Mt saint hellens
...Mt saint Hellens Hurricane Andrew Hurricanes are tropical storms that possess massive winds of approximately 74 Mph and having size ranging amid 200 to300 miles. They are violent and cause so countless tragedies due to the potential hazards that they pose to the nature, economy and buildings. The wind’s high speed is the core cause of the deaths and damage on nature, people, economy and structures. Hurricane Andrew occurred in United States amid August 16 and 27 1992 (Harper 93). It hit American during Atlantic Hurricane season and marked as the second severe disparaging in the US account nearly for a period of 30 years. This hit many lands, which include the Bahamas, Southern Florida, and the land of South Central...
3 Pages(750 words)Research Paper
The Mt Piper Power Station
...MT. PIPER POWER STATION Site Visit Report OVERVIEW: The Mt Piper Power Station uses of-the-art design and technology that makes it efficient and environmentally clean energy production. It operates two 660-megawatt turbo-generators. Each is about 50m long and weighs 1342 tonnes. About 18,000 megalitres of water per year are provided by the Fish and Cox's rivers for cooling purposes. The water is pumped from Lyell Dam, about 20 kilometres from the power station to the Thompsons Creek dam which provides an additional 27,000 megalitres. LOCATION: Mt Piper Power station is in the Central West region of New South Wales. Located near the highway to Mudgee, it is 25 km west of Lithgow, and 5...
5 Pages(1250 words)Essay
Statistics MT
...Statistics a) This could be found out through a sample survey. b) In order to find this out, questionnaire is the ideal research method. c) The ideal research methodology will be to find out the statistics about the same from various secondary sources that have records on historical data. d) The ideal method to learn about this is to study the attitudes and various aspects of the driving habits of the drivers on I-35 at random timings throughout a day. 2. The size of the sample is irrelevant in this regard since whatever be the sample size, the percentages are not going to vary. 3. Determining the exact population mean is not possible unless information on all the population observations are available and that is why... a) This could be...
8 Pages(2000 words)Speech or Presentation
Eruptive history of Mt. Etna
...of Catania to the south. The eruptions render many homeless with untold devastations on property, infrastructure, means of livelihoods and businesses. Ava flow also wipes out large tracts of crops leading to severe famine which claims more lives. Transport is also paralyzed with the Catania airport, for instance, closing at such times and tourism facing a sever hit. The pollution caused by the volcanic ash also comes with a myriad of effects such as human and animal diseases (Coltelli, Marsella, Proietti & Scifoni, 2012). References Bonaccorso, A. (2004). Mt. Etna: volcano laboratory. Washington, DC: American Geophysical Union. Coltelli, M., Marsella, M., Proietti, C., & Scifoni, S. (2012). The case of the 1981 eruption...
3 Pages(750 words)Research Paper
Forensic Accounting
.............................................................5 2. Forensic accounting 2.1 Historical development of forensic accounting........................................................6 2.2Liability exposure that the forensic accountant........................................................8 2.3 Educational and professional training requirements of forensic accountants..........9 3. Environmental accounting and related auditing...................................................9 4. Corporate governances 4.1 Definition..............................................................................................................10 4.2 Importance of corporate...
12 Pages(3000 words)Essay
Forensic
...that it can be used to provide evidence. Encryption was used in the past to prevent people from viewing incriminating files (Taylor, Haggerty, Gresty, & Hegarty, 2010). A message is encoded using a particular key, hence making it impossible for anybody to decrypt it. Lastly, media database systems can be unified into one. Encryption and stenography can be used legitimately by forensic examiners to ensure that there is minimal tampering with the collected evidence. Stenography was used in the past to ensure confidential communication. Secondly, it can be used to protect data since it is embedded. References Bennett, S., Maton, K., & Kervin, L. (2008). The “digital...
1 Pages(250 words)Essay
Forensic
...Forensic Document Examination Questioned documents are a common case in many legal proceedings. Forensic analysts are thus faced with a task of analysis the contents of the documents, nature of the materials used and the source. One of the primary tasks of forensic experts is to examine the individual characteristics of a document and match them with characteristics of a printer or photocopier. The printers and copiers always transfer their characteristics to the documents. The paper discusses the various characteristics of printers and copiers that make them readily identifiable. Such characteristics include; toner elements, grabber marks, graphic marks from specific printers and...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Forensic-MT for FREE!
Contact Us