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Forensic Accounting in Context Accounting in Context University Name Student Name Authors' Note

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Added on  2021-04-21

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ACCOUNTING IN CONTEXT 8 ACCOUNTING IN CONTEXT Accounting in Context University Name Student Name Authors’ Note Executive Summary The current study essentially ascertains the overall influence of particularly forensic accounting in addressing deceptive and fraudulent deeds in a bid to make certain good corporate codes in diverse selected corporation of UK. Context 3 Decision that the Financial Director has asked for 5 Key Issues 5 Synthesis of the arguments from the articles 7 Suggestions 13 References 14 Effect of forensic accounting as an important tool for prevention of fraud in selected

Forensic Accounting in Context Accounting in Context University Name Student Name Authors' Note

   Added on 2021-04-21

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Running head: ACCOUNTING IN CONTEXTAccounting in ContextUniversity NameStudent NameAuthors’ Note
Forensic Accounting in Context Accounting in Context University Name Student Name Authors' Note_1
2ACCOUNTING IN CONTEXTExecutive SummaryThe current study essentially ascertains the overall influence of particularly forensicaccounting in addressing deceptive and fraudulent deeds in a bid to make certaingood corporate codes in diverse selected corporation of UK. Forensic accountingcan be indicated as an effectual tool for addressing financial crimes in businessconcerns. In addition to this, forensic audit helps in making certain corporategovernance in particular business concerns. Founded on this, the study suggestedthat firms need to implement forensic accounting in order to add to the efforts ofdecreasing fraudulent actions for making certain good corporate governance code inretail business concerns.
Forensic Accounting in Context Accounting in Context University Name Student Name Authors' Note_2
3ACCOUNTING IN CONTEXTTable of ContentsContext..........................................................................................................................3Decision that the Financial Director has asked for.......................................................5Key Issues....................................................................................................................5Synthesis of the arguments from the articles...............................................................7Suggestions................................................................................................................13References.................................................................................................................14
Forensic Accounting in Context Accounting in Context University Name Student Name Authors' Note_3
4ACCOUNTING IN CONTEXTEffect of forensic accounting as an important tool for prevention of fraud inselected firm of UKContext Background of the StudyThe business world has continued to experience several scandals regularly thatagain have led to loss of asset as well as money for company’s shareholders.Forensic accounting indicates towards the use of diverse accounting skills that canbe used to examine fraud or embezzlement and assess particular financialinformation for use in different legal proceedings. The current study takes intoconsideration the operations of the retail corporation, a British supermarket giant.The serious fraud office essentially has launched specific investigations undertakenby the watchdogs and this can exceed examination by the Financial ConductAuthority (Mehta and Bhavani 2017). Essentially, retail corporations have been co-effective fully and can continue to do undertake investigations. The scandal of retailcorporations essentially initiated SFO to undertake criminal examination intopractices of accounting at particularly Tesco Plc. The present study analyses primarycontext of the study that explains the structure of the corporation that is taken intoaccount for the current study. Moving further, the current study explains key issuesthat illustrate all the research questions, synthesis of specific arguments from theselected articles and presents then recommendations. Organization Structure of the firm Retail corporations (for example, Tesco plc) are British transnational groceries thatmarkets general products. The company follows a specific hierarchical structure oforganization. Particularly, in this specific structure, both positions along withobligations are necessarily divided into different parts to make certain that work willbe undertaken efficiently as well as smoothly. Essentially, the ones operating at thetop echelon of the business pyramid have the optimum accountabilities as well asauthorities. In this retail firm operating in UK, the Board of Directors consists ofminimum 10 members and considerable alterations can happen on the boardparticularly during a particular period of time. The company has an appointed CEO(chief executive officer), CFO (Chief Financial Officer) and specific numbers of Non-Executive Directors along with Non-Executive Officer. The organization structure ofthe retail firm operating in UK (for say, Tesco plc) necessarily contains differentcommittees that report to the board of the company. Again the members of theexecutive committee are primarily led by the chief of the group. The organizationalframework of the retail firm can be considered to be highly hierarchical reflecting thewide scope of the business (Nigrini 2016). There are four different layers ofadministration within a specific store that can generate annoying bureaucracy with abad influence on the entire process of coordination as well as collaboration amongmanagers of the corporation. Therefore, it is recommended that reduction of thelayers of management of the firm can be done for creating higher flexibility along withfaster information flow.
Forensic Accounting in Context Accounting in Context University Name Student Name Authors' Note_4

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