Posted by Chris General Forensics Jobs The medical and law enforcement sectors are among the fastest growing career options in the United States. General forensic jobs are a cross between these two sectors, and the Bureau of Labor Statistics projected a 31 percent increase from to Some positions in forensic science only require former law enforcement experience, such as evidence custodians who ensure proper procedure is followed during collection and analysis. Some positions require a doctorate of medicine, including forensic pathology and associate medical examination.
Stealing, pilferage and unauthorised diversion of cash and material resources are among the major forms of fraudulent behaviours associated with organisational failure in Nigeria. Nwaze quoting the Holy Bible asserts that fraud has been around since the beginning of time and would continue to be an issue till the end of time.
He went further to mention some which include the impersonation of Esau by Jacob and the woman who exchanged her dead baby for a living one.
In addition to others too numerous to mention, fraudulent activities in Nigeria also include the passing off of property titles in order to dupe potential buyers.
Manipulation of accounting records or entries. They went further to summarise the principal circumstances that can foster fraud using the acronym COMAS translated as follows: The chance of remaining undetected; Opportunity: The right place and right time for the fraudster; Motivation: A personal need or greed; Attraction: A desirable target; and Success: The chance of avoiding prosecution.
Whilst management and owners in the private sector are making concerted efforts at eliminating or reducing the fraud scourge, the public sector seems not to have made any serious attempt at proffering credible solutions towards this image eating monster.
We must also know that external or statutory audits are undertaken to ensure that the internally instituted fraud control mechanisms are adequate in scope, effective in application and complied with. This is more so since the advent of globalisation and the unrestricted use of the internet and computers in the allocation and control of organisational resources.
Though the applications of computers are meant to provide more reliable controls than would be possible with human effort, they are programmed and operated by humans.
They may therefore be subject to unauthorised human control which can inadvertently lead to fraudulent manipulations. A recent case is where a system's administrator in one of the banks in Nigeria colluded with an unscrupulous customer to dupe the bank of N50 million.
However, the current scope of forensic investigation still leaves much to be desired in the area of assisting in ensuring a true and complete corporate governance effectiveness in an organization. Going by the words of Crumbley Forensic accounting is the accounting that is appropriate for legal review, offering the highest level of assurance, and been arrived at in a scientific fashion.
Forensic accounting is another aspect of accounting which tends to further highlight the natural relationship existing between accounting and law just as auditing. Concept of Forensic Auditing Forensic auditing is the integration of accounting, auditing and investigative skills Zysman, Dhar and Sarkar define forensic auditing as the application of accounting concepts and techniques to legal problems.
It demands reporting, where accountability of the fraud is established and the report is considered as evidence in the court of law or in administrative proceedings.
Degboro and Olofinsola note that forensic investigation is about the determination and establishment of fact in support of legal case. That is, to use forensic techniques to detect and investigate a crime is to expose all its attending features and identify the culprits.
In the view of Howard and Sheetzforensic auditing is the process of interpreting, summarizing and presenting complex financial issues clearly, succinctly and factually often in a court of law as an expert. It is concerned with the use of accounting discipline to help determine issues of facts in business litigation Okunbor and Obaretin, Forensic auditing is a discipline that has its own models and methodologies of investigative procedures that search for assurance, attestation and advisory perspective to produce legal evidence.
It is concerned with the evidentiary nature of accounting data, and as a practical field concerned with accounting fraud and forensic auditing; compliance, due diligence and risk assessment; detection of financial misrepresentation and financial statement fraud Skousen and Wright, ; tax evasion; bankruptcy and valuation studies; violation of accounting regulation Dhar and Sarkar, Curtis argues that fraud can be subjected to forensic auditing, since fraud encompasses the acquisition of property or economic advantage by means of deception, through either a misrepresentation or concealment.
Bhasin notes that the objectives of forensic auditing include: He argues that the primary orientation of forensic auditing is explanatory analysis cause and effect of phenomenon- including discovery of deception if anyand its effects-introduced into the accounting domain.
According to Bhasinforensic auditors are trained to look beyond the numbers and deal with the business realities of situations. Analysis, interpretation, summarization and the presentation of complex financial business related issues are prominent features of the profession.
He further reported that the activities of forensic auditors involve: Financial Fraud Financial fraud has been variously described in literature. No one description suffices. Williams incorporates corruptions to his description of financial crimes. Other components of fraud cited in Williams description include bribes, cronyism, nepotism, political donation, kickbacks, artificial pricing and frauds of all kinds.
The array of components of financial crimes, some of which are highlighted above, is not exhaustive. The Economic and Financial Crimes Commission EFCC Act attempts to capture the variety of economic and financial crimes found either within or outside the organization.CAREERS IN ACCOUNTING Many career opportunities are available in accounting.
The importance of the accounting function continues to be enhanced in a complex, global business community. Increased scrutiny of company financial reporting and new regulations, such as those implemented with the passage of the Sarbanes-Oxley Act of , have resulted in intense need for qualified, highly .
Forensic Accounting Skills and Techniques in Fraud Investigation in the build up effective internal control system that will enhance more effective performance in the Nigerian public sector.
Keywords: Forensic Accounting, Skills, Techniques, fraud Forensic Accountants also need to understand the opportunity for fraud to help them . Along with an undergraduate degree, the Law School Admission Test (LSAT) is a core component of the law school admissions process.
Admissions officers use scores from the LSAT as an objective measure to assess the knowledge and quality of applicants. Running head: Forensic accountant 1 Forensic Accountant Dr. Gina Zaffino Bus , Contemporary Business 11/16/ Running head: Forensic Accountant 2 Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill.
Forensic Accounting in Practice Forensic Accounting in Practice Introduction In this assignment I am going to determine the most important skills that a forensic accountant needs to possess and evaluate the need for each skill and describe the role of a forensic accountant within a courtroom environment. Master of Science in Accounting Online. Forensic Accounting. A forensic accounting concentration focuses on fraud examination, investigations of financial systems, and complex issues such as economic damages, valuation, and lost profits. Public sector auditing ; Accreditation Standards for Master’s Degree Programs in Accounting. Nov 25, · A dedicated public sector technical support network to provide our teams with the professional infrastructure they need to respond to central government accounting or audit issues and to deliver our engagements.
Digitally-savvy organizations will also respond to the public’s need for quick problem-solving by engaging their people, promoting leadership at all levels, and fostering a more innovative, agile environment . As the American Institute of Certified Public Accountants (AICPA) recently learned, forensic accounting is in high Relevant to the forensic accountant and forensic accounting as a niche practice area, some of the agreement over the important forensic accountant skills than the users of forensic accounting services.