Literature Review on Forensic Accounting

Running head: LITERATURE REVIEW ON FORENSIC ACCOUNTING
Literature Review on Forensic Accounting
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LITERATURE REVIEW ON FORENSIC ACCOUNTING
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Brief summary of the theory progression in the field................................................................3
Common findings in the four articles.........................................................................................3
Different findings in the articles................................................................................................6
Summary of managerial articles of the four articles..................................................................7
Summary of study limitation and future direction of the four articles.......................................8
Conclusion..................................................................................................................................8
Reference....................................................................................................................................9

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LITERATURE REVIEW ON FORENSIC ACCOUNTING
Executive summary
The aim of the report is to analyse the importance of the forensic accounting in the prevention
and detection of the accounting scandals in the organisations. with the rapid increase of the
accounting frauds all over the world it become an essential requirement for all the companies
to implement the forensic accounting the system. The report provides a literature review of
four articles which are based on the concept of forensic accounting system and why forensic
accounting is important for the prevention and detection of accounting scandals.

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LITERATURE REVIEW ON FORENSIC ACCOUNTING
Introduction
The literature review of the four articles gives a brief explanation of the usefulness of
the forensic accounting in the modern corporate world. The occurrence of a number of
accounting scandals in the big organizations in the world has become a major concern for the
world economy and the only way by which such accounting frauds can be prevented is by
implementing the forensic accounting process. The true and fair view of the financial
statements can only be ensured if a proper forensic accounting system is imposed in an
organization.
Discussion
Brief summary of the theory progression in the field
The theories have developed by analysing various accounting frauds that have
occurred in various countries all over the world. The theories of the forensic accounting
gained more popularity in the twentieth century due to the rapid increase of the accounting
frauds in the developed countries in the world. The combination of the accounting, auditing
and investigative skill creates the concept of the forensic accounting which become a major
success in the prevention and identification of the accounting scandals.
Common findings in the four articles
Eisenberg, P., 2018. Application of the net worth method in forensic accounting
investigations. International Research Journal of Multidisciplinary Studies, 4(10), pp.1-23.
The present article tries to give emphasis on the application of the net worth method
in the financial crime case study of john and Gayle fawn. The UK crown prosecution service
give allegation to the defendants of having committed offence against the proceeds of crime
act 2002 during the period 2012/13 -2014/15.As per the net worth method the assets minus