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The Importance of Forensic Accounting: Doc

   

Added on  2021-02-20

19 Pages5489 Words170 Views
THE IMPORTANCE OFFORENSICACCOUNTING

ABSTRACTThe research summarized the brief information regarding the importance of Forensicaccounting in the real world. The various aims and objectives are prepared to get in depth andinsight information about the research topic. The research question are prepared to get therelation between the forensic accounting and corporate finance & the difference between theforensic accounting and auditing. It can be identified by the various views of different authorsfrom the articles, research paper and research study. The literature review part describes thethoughts of authors in respect to the research objectives. The research methodology helps todevelop the understanding of researcher by the in-depth knowledge regarding the research type,methods, data collection, data analyse and research approach to conduct research in accuratemanner. Ethical-considerations is used to check the reliability and validity of the information andensure that the gathered information is free from the biases and fraudulent activity.2

Table of ContentsABSTRACT.....................................................................................................................................2TITLE: To understand the importance of forensic accounting in the present world that support indecision-making...............................................................................................................................4RESEARCH BACKGROUND.......................................................................................................4AIMS AND OBJECTIVES.............................................................................................................5LITERATURE REVIEW................................................................................................................5RESEARCH METHODOLOGY...................................................................................................11Research type........................................................................................................................11Research approach................................................................................................................12Types of data........................................................................................................................12Data collection......................................................................................................................13Data analysis.........................................................................................................................13ETHICAL CONSIDERATION.....................................................................................................14REFERENCES..............................................................................................................................153

TITLE: To understand the importance of forensic accounting in the presentworld that support in decision-making.RESEARCH BACKGROUNDForensic accounting is the process of discovering or identifying the accounting crimes bythe combination of investigation and accounting. It helps to explain the financial crimes nature incourt. It is mainly used by insurance company to establish the different damages from theproposed claims. In forensic accounting auditing, accounting and investigation skills are used toanalyse the situation or crime. In the present world forensic accounting is very useful. The mostimportant role of Forensic accounting in the present world is to investigate the informationbehind the digits and make effective strategies to solve the business related issues. It helps totake the effective and efficient decision by analysing the mistakes of internal and external auditor investigate the fraud in the organization (Kramer, Seda and Bobashev, 2017). It helps toresolve the criminal investigation, business interruption, disputes between shareholders andpartnerships, employees fraud investigation and business economic losses. Forensic Accountinghelps to take the decision regarding the functioning of company and solve the criminal orfraudulent cases. Employees or management manipulate the data according to their interest orprofit, Forensic accounting helps to investigate the fraud and resolve the cases.Crawford is world largest claim management company who operates their business indifferent area such as Australia, Middle east and Africa, Asia, New Zealand, America andCanada. They provide their Forensic accounting services to protect the insurer in the marketfrom the fraudulent activities. They offer various services to their client such as rehabilitationservice, Catastrophe services and risk management services. The report highlights the objectivesof Forensic accounting in business organization. It helps to investigate the difference Forensicaccounting and Forensic auditing (Ozili, 2015). The literature review part explains the views ofdifferent author regarding the importance of Forensic accounting, connection between Forensicand corporate accounting and ways to overcome the fraudulent activities. The researchmethodology part helps to define the research purpose and the ways to collect data & interpretthem to get the useful information. The data analyse and data collection method helps to get theprecise information regarding the importance of Forensic accounting in the present world to takethe effective decisions. Different themes are prepared to analyse and present the information inprecise format to get the reliable results.4

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