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Theory and progression in the field Assignment PDF

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Added on  2021-05-31

Theory and progression in the field Assignment PDF

   Added on 2021-05-31

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Theory and progression in the field Assignment PDF_1
Summary of the theory and progression in the fieldThe existence of departments that deals with forensic accounting in differentorganizations within Australia have mostly helped in the prevention as well as detection of fraud,misconduct, breaches of different operational regulations together with rules. It has also helpedin prevention and resolving different cases of disputes. The theory of forensic accountingremains to be the specialty practice sector of accounting that tends to describes differentengagements that result from actual or anticipated litigation or disputes in operations ofcompanies. Activities conducted during forensic accounting always help in professionalintelligence claims where the accountants are always capable of assessing as well as commentingon the duties of other professionals (Hartley 2010, p. 2). In Australia, operations of forensicaccountants are always vital as they help in controlling and managing frauds and poorgovernance that pose serious dangers for all organizations in the region. Besides, a fraud riskmanagement and audit through investigations in Australian companies is the essential factor inmeeting corporate responsibilities of accountability along with transparency. Developing an idealway to controlling and managing frauds and audit through investigations in Australiancompanies continues to be a complicated concern that needs the appropriate understanding ofAustralian standards that deal with fraud and corruption control (AS) 80001-2003 (Roertson2017, p. 245). Therefore, this research paperwork concentrates on examination of differentjournals report on how forensic accountants have helped with assisting in controlling andmanaging frauds and audit through investigations in Australian companies.
Theory and progression in the field Assignment PDF_2
Common findings across the four articlesThe presentation of the selected four materials for review have some common resultsregarding how forensic accountants have helped with assisting in controlling and managingfrauds and audit through investigations in Australian companies. They both report that forensicaccountants have to engage in different categories to control and handling fraud while auditingtheir operations. They have to ensure that they conduct economic damages calculations so thatthey can note if such damages are suffered through tort or breach of contract (Fleming et al.,2016, p. 32). During controlling of fraud, accountants have to examine post-acquisition disputesthat comprise of cases of earn outs of violations of set warranties as a way of ensuring thatAustralian organizations remain to be active in the competitive business marketplaces. It is clearfrom these articles that forensic accountants involved in operations that include the cases ofrecovering proceeds of serious crime and about confiscation of different proceedings (Whitin etal., 2012, p. 513). These proceeding concerns or assume proceeds of crime or cases of moneylaundering in operations of most organizations In Australia as an approach to managing andcontrolling instances of fraud through audit investigations.From these journals, it is common that the approaches that forensic accountant uses formanaging and controlling fraud and audit through operations of organizations differ than internalauditing. Practices and services of forensic accounting in controlling such cases of fraud need tobe handled by forensic accounting experts only, but not by any internal audit professional(Hartley 2010, p. 3). Besides, forensic accountants are capable of controlling and managingfrauds and review through investigations in Australian companies due to the fact that they use
Theory and progression in the field Assignment PDF_3

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