Forensic Accountants in Controlling and Managing Frauds and Audit

Forensic Accountants In Controlling And Managing Frauds And Audit 1
HOW FORENSIC ACCOUNTANTS HAVE HELPED WITH ASSISTING IN
CONTROLLING AND MANAGING FRAUDS AND AUDIT THROUGH INVESTIGATIONS
IN AUSTRALIAN COMPANIES
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Forensic Accountants In Controlling And Managing Frauds And Audit 2
Summary of the hypothesis together with progression in the accounting sector
Presences of different departments dealing with the processes as well as operations of
forensic accounting in diverse corporations within Australian marketplaces have mainly assisted
in avoidance and recognition of incidences of scam. The innovation has helped the organizations
within Australia to prevent misconduct in operations, reduces instances of infringes of the
diverse operational policy along with operational laws. It has therefore aided in the process of
preventing as well as resolving various instances of disagreements. The hypothesis of forensic
accounting according to sediments by Whiting, Hansen, McDonald, Albrecht, and Albrecht
(2012) refers to specialty practice sector of accounting that target at describing various
engagements that exists from the real or imagined disputes or litigation in processes of
organizations. According to the Hartley (2010), operations conducted during the process of
forensic accounting in most cases aid expert intelligence says where accountants are forever
ready to help in professional intelligence claims. Through such functions of forensic accounting,
accountants are ever-ready able to assess and comment on various duties of other professionals.
In Australia community, functions of forensic accountants are always significant as they aid the
process of managing and controlling different funds and poor authority that pose severe risks for
every organization in the country. Fleming, Hermanson, Kranacher, and Riley (2016) in their
report recorded that, management of dangers frauds and its audit throughout examinations in
Australian organizations is a useful element in attaining business responsibilities of transparency
alongside liability in operations. Creation of an appropriate approach to managing and control
frauds alongside audit throughout the analysis in Australian organizations to be complex anxiety
that requires necessary skills and knowledge of different Australian principles that concern with
instances of scam and management of corrupt activities such as (AS) 80001-2003 (Robertson

Forensic Accountants In Controlling And Managing Frauds And Audit 3
2017). Consequently, this survey paper relies on an examination of four diverse journals that
relates to forensic accounting. The four articles in the assessment are all illustrating how forensic
accountants have aided in processes of controlling and managing different instances of scams
along with audit throughout analysis among Australian organizations.
Common results across four different articles
The outline together with presentations of the four different selected materials for
examination has some shared outcomes. The outcomes of these articles are illustrating ideas on
the manner forensic accountants have aided in preventing as well as supervising cases of frauds
together with audit throughout investigations conducted among organizations within Australian
community (Robertson 2017). The articles both records that forensic accountants need to
concentrate on engaging in several types that target at controlling and improving that manner in
which they handled fraud while in the operations of making audits for different transactions.
Besides, forensic accountants have been advised to ensure that they conduct calculations of
different financial damages. The idea can be a noble course in that it can help such accountants
to be capable of identifying if such instances are suffered through the breaching of operational
contract or tort. Fleming, Hermanson, Kranacher, and Riley (2016) and Robertson (2017) had a
common concern that during the process of controlling of cases of fraud, forensic accountants
have to concentrate on ideas of examining post-gaining disagreements that might consist of
instances of make outs of isolations of a group of different permits. The idea remains to be a way
to aid in ensuring that Australian corporations become more active in the present competitive
business environment. Moreover, it is apparent from the four journals such as that of Hartley
(2010) and Whiting, Hansen, McDonald, Albrecht, and Albrecht (2012) that forensic accountants
implicated in different functions that comprise of instances of improving proceeds of severe