Forensic Paper - 1628 Words

Running head: Forensic accountant 1 Forensic Accountant Dr. Gina Zaffino Bus 508, Contemporary Business 11/16/2012 Running head: Forensic Accountant 2 Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Although forensic accounting is not a new field, it has become more talked about since cases like Enron came to light. For someone interested in the Forensic Accountant profession they should know that this field can be time consuming, but very rewarding. People who work in this career investigate white collar crimes†¦show more content†¦If the accountant is retained by the defendant it will be the accountant’s duties to rebut the information provided by the plaintiff. During the settlement phase, the accountant would come up with calculations of the losses and help determine a range for the amount of settlement. Analyze the legal responsibility a forensic accountant has while providing service to a business It is the legal responsibility of a forensic accountant to be independent and impartial while researching and investigating both the financial records and the conduct of the employees that are involved. They are responsible for presenting all information found and making a determination on if the parties involved have a case. It is also their responsibility to know all tax and accounting laws in order to make sure they are presenting accurate findings. Accounts have to also be very discrete when conducting investigations because a company’s reputation is at stake. Research two (2) cases where forensics accountants have provided vital evidence in a case. Summarize the cases and the importance of the forensic accountants’ role during each case. Enron was an energy, commodities and services company that had employed close to 22,000 people and had revenue of nearly $101 billion in 2000, shortly before its downfall (FusaroShow MoreRelatedForensic Science History Paper1020 Words   |  5 PagesForensic Science History Paper CJS/215 December 7, 2015 Jim Anderson Forensic Science History Paper A segment of the Forensic Science in the Criminal equity organization that the vast majority acquainted with these days, however, few individuals know how this particular science came to be. Overall, legal science is intended to utilize experimental standards to clarify obscure parts of a wrongdoing. Through the utilization of uncommon tests and lab gear that permits researchers to recognizeRead MoreForensics Research Paper: Casey Anthony1173 Words   |  5 Pagesnear the Anthony’s house and the police took possession of Caylee Anthony’s car; they soon began to search the car. 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