Topics In Forensic Accounting

Three Interesting Topic of Forensic Accounting Financial forensic accounting is the use of knowledge and skills to investigate fraud and to analyze financial information for the use in legal proceedings (Kranacher, 2011, P.5). The three most interesting topics are criminology, fraud examination, and categories of fraud. Criminology is the sociological study of crime and criminals. Few questions to consider while studying this topic is “why do people commit such crime,” “what can we do to prevent crime,” and “what knowledge and skill need to identify such criminals?”. Various types of crimes include occupational crime, white-collar crime, organizational crime, and tort, breach of duty, civil litigation which can destroy company’s success and

It is an interesting topic because it educates on how to prevent, detect, and deter fraud from occurring (Krancher, 2011, P. 14). Fraud examination is not only used to review the financial data, but also involves using techniques such as interview, financial analysis, obtaining evidence, public searches, and forensic document examination. Most importantly, fraud examination involves finding evidence for a specific allegation; whereas, unlike auditing, professional skepticism is used to make an opinion about financial statement and other related information. Finally, categories of fraud are the third most interesting topic because it teaches how to identify the type of crime or fraud occurred. To name a few, asset misappropriation, corruption, and financial statement fraud are major categories of crime. It is important to know why top executives and officers commit financial misstatement crime; although, they are at the most respected position in the company and what motivates them to misstate or omit material information from the financial statement. These are the few thoughts that come to one mind when studying about various categories of

My role was to use my auditing skills to identify material misstatement of a restaurant. My mentor, a CPA, is specialized in auditing and tax preparation for the restaurant business. His major accomplishment is to work with software engineers and build an application which helps the restaurant to easily manage their Point of System (POS). Additionally, he is responsible to look over their financial information and advise them to reach their financial goal. Another important person who has contributed to the Business of Health Program is my Advance Financial professor, Dana. A. Forgione, who is a Certified Public Accountant and a Certified Fraud Examiner. His professional training program includes Medicare regulation, health fraud and abuse regulation, governmental adulating, and forensic accounting (2018). Additionally, his research interest includes external audit and governance in health care and nonprofit entities which talks about how a health care system need to have a suitable audit committee related interactions (2018). Moreover, Dr. Forgione has several publications, televised debate, and radio network commentary to his credit, which is mostly related to health care system. His successful major accomplishments motivate to achieve these high-valued certifications and use my knowledge