Taxmanns Forensic Audit Decoded Unlocking The Secrets Of Financial Accounting Investigation September 2020 Edition

Author : G.C. Pipara
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9390128358
Total Pages : 23 pages
Book Rating : 4.58/5 ( download)

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Download or read book Taxmann's Forensic Audit Decoded-Unlocking the Secrets of Financial Accounting & Investigation (September 2020 Edition) written by G.C. Pipara and published by Taxmann Publications Private Limited. This book was released on 2020-09-07 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on a ‘detailed-commentary’ and ‘step-by-step approach’ for the Forensic Audit of Financial Transactions. It also deals with each and every aspect of Forensic Audit of various items of statement of Profit & Loss and Balance Sheet. The Present Publication is the Latest Edition & is updated with all amendments and legal position up to July 2020, authored by G.C. Pipara. Understanding the Forensic Audit is not complete, without actual Case Analysis and this book includes analysis of actual company cases relating to Forensic Audit, where either fraud or misrepresentation of information is found. With the help of Case Analysis, how to achieve the maximum objective of Forensic Audit, has been explained in a lucid language with step by step approach. Each part of this book deals with the different segments of the forensic audit and each part has been devised carefully, keeping in mind – ‘Maximum Result’ and with an objective that the real purpose of Forensic Audit is served. This book deals with – • Misstatement of information in financial statement, • Incorrect details in financial statement, • Diversion of funds by an entity, • Siphoning of Funds by an entity, • Fraud in some of the transactions undertaken by the entity, • Fraud in books of accounts and other records, • Fraud in the balance sheet – one which is even audited, • Fraud by the auditor in helping the organization to accomplish its intention etc. The structure of the Book is as follows: • Part One Deals with the introduction of forensic audit and looks into the past, present and future of forensic audit. This part is presented to establish the foundation of the book. • Part Two Deals with important transactions pertaining to purchases of goods, sales and other major expenditures - which forms part of the statement of profit & loss account. Provisions and contingent liabilities are often used by an entity to cook the books of account and therefore, a separate chapter is presented on this issue. • Part Three The various items contained in the balance sheet, are a major part of the activities of any entity and therefore, is a major part of any forensic audit also. Therefore, in this part of the book, the following important activities of an entity’s are covered: 𝚘 Fixed (Hard) Assets – hard to spot 𝚘 Intangible Assets and Goodwill – neither visible nor real 𝚘 Capital Work In Progress (CWIP), Stock In Progress (SIP) and Stock – not seeing the light of day 𝚘 Piling Stock and Mounting Debtors – an evergreen technique for every-greening 𝚘 Investments – without objectives like a traveller without a destination 𝚘 Loans and Advances given – gone with the wind 𝚘 Equity and Shareholders – invisible ownership • Part Four Apart from specific activities of an entity, as covered in part two and three, there are some transactions that are special. These are considered as “Key Metrics” for the purpose of forensic audit and thus, covered in this part of the book, which includes:- 𝚘 Absence of confirmation of balances 𝚘 Off-balance sheet transactions 𝚘 Round-tripping etc. It is also common in forensic audit that full records are not made available to the auditors and thus, a separate chapter on “Dog ate my Accounts” is presented. • Part Five For explaining the concept of forensic audit properly, a new Structure has been invented by the author - termed as “T-3 Structure” wherein: 𝚘 T-1 : Test 𝚘 T-2 : Trace and 𝚘 T-3 : Track With the help of a concept called “Look Forward – Look Backward” on T-3 Structure, how the successful forensic audit can be carried out is explained in a separate chapter, under the head “Look Forward – Look Backward”. • Part Six Lastly, it is found that in various cases of fraud and misrepresentation of details in the financial statement, the Statutory Auditor were found to be the helping hand. As in forensic audit - responsibility has to be fixed and thereafter, a separate part itself for the role played by the statutory auditor - “Where were the Auditor’s - strange but true”.

Author : Gyan B Pipara
Publisher : Taxmann Publications Private Limited
ISBN 13 : 9357785809
Total Pages : 14 pages
Book Rating : 4.08/5 ( download)

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Download or read book Taxmann's Balance Sheet Decoded – Systematic Approach to Analysing Financial Statements by Connecting Details | Observations | Discussions—Extensive Usage of Charts | Case Analysis | Other Tools written by Gyan B Pipara and published by Taxmann Publications Private Limited. This book was released on 2024-06-12 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to explain how to read, analyse, and interlink the voluminous information available in financial statements using charts, case analysis, and other tools. It provides an in-depth, step-by-step approach to understanding and decoding financial statements. The book is structured around five keys, each focusing on different components of financial statements. • Key #1 – Statement of Profit & Loss o Covers Sales, Other Income, Cost of Materials Consumed, Manufacturing and Operating Costs, Finance Costs, Depreciation and Amortisation, Tax Expenses, Other Expenses, and Exceptional Items • Key #2 – Balance Sheet o Details Tangible and Intangible Fixed Assets, Investments, Loans & Advances, Other Assets, Inventories, Trade Receivables, Cash and Bank Balances, Shareholder's Funds, Provisions, Contingent Liabilities, Borrowings, Trade Payables, and Other Liabilities • Key #3 – Connecting Statements o Examines Significant Accounting Policies, Notes on Accounts, and Cash Flow Statements • Key #4 – Auditor's Report and CARO o Discusses the Concept of Audit, Internal Financial Controls, Auditor's Opinion, Emphasis of Matters, and the Companies Auditor's Report Order (CARO) • Key #5 – Master Key o Integrates the Profit & Loss Statement, Balance Sheet, Notes on Accounts, Auditor's Report, and CARO Report for comprehensive financial statement analysis This book extensively deals with the following issues & suggests how they can be mitigated through proper analysis of financial statements: • Mounting Bad Loans – Analyses the alarming rise in non-performing assets (NPAs) in Indian public sector banks and the impact of stress tests conducted by the Reserve Bank of India (RBI) • Bank Frauds – Explores the root causes of bank frauds and provides strategies to mitigate these risks • Liquidity Crunch – Discusses the liquidity issues faced by various financial sectors and their effects on investment returns • Regulatory Insights – Guides regulators on using financial statements to ensure compliance and assess financial health This book will be helpful to anyone analysing based on financial statements, including but not limited to: • Bankers – Enhance skills in loan appraisal and monitoring through detailed financial statement analysis • CFOs – Understand the balance between business transactions and necessary disclosures • Auditors – Identify and counteract accounting tricks to ensure fair financial reporting • Analysts and Researchers – Conduct thorough financial statement studies to detect misleading practices • Investors and Stakeholders – Evaluate the genuineness of financial data for informed investment decisions • Regulators – Use financial information for regulatory assessments and ensure compliance The Present Publication is the 4th Reprint Edition authored by Gyan B. Pipara, with the following noteworthy features: • [Reading Between the Lines of Financial Statements] Correlating relevant information using the author's 40+ years of experience with proper analysis. • [Honing Analytical Skills] Provides methods to dissect financial statements with precision. • [Unlocking Mysteries & Tricks] Explains how to analyse details and detect undisclosed information. • [Focused Analysis] Helps identify strengths, early warning signs, frauds, creative accounting, and the genuineness of various items. • [Professional Oriented Book] This book has been developed keeping in mind the following factors: o Interaction of the author during his training with various banks and organisations on credit and analysis of the financial statement o Shaped by the authors' experience of 40+ years being a chartered accountant, research analyst and fraud investigator o Reactions and responses of attendees during the training have also been incorporated at different places in the book • [New Chapter on CARO 2020] has been considered in detail under Key #4 – The Companies Auditor's Report Order The structure of the book is as follows: • What is it? o Explains the nature of the item for more accessible analysis • Do You Know? o Highlights important legal requirements under the Companies Act, Indian Accounting Standards, or other laws • Why is it Important? o Discusses the relevance of the item for financial statement analysis • How to Analyse to Unlock? o Provides a step-by-step approach for item analysis • Case Analysis o Uses real-life examples to illustrate key points and explain issues • Bottom Line o Summarise the key insights of the chapter The detailed contents of the book are as follows: • Statement of Profit & Loss o Revenue from Operations § This chapter discusses the revenue generated from core business operations, providing insights into how businesses earn from their primary activities. It includes detailed charts that illustrate revenue trends and performance metrics. § Case studies offer real-world examples of how companies manage and report operational revenues, highlighting best practices and common challenges. o Other Income § This chapter covers the income derived from secondary sources such as interest, dividends, and other non-operating income. This section thoroughly analyses various types of other income, how they are generated, and their impact on overall financial performance. § Charts help visualise the contribution of other income to the total income, while case studies demonstrate the accounting treatment and strategic importance of such income. o Cost of Materials Consumed and Purchases of Traded Goods § This chapter focuses on the costs associated with raw materials and traded goods. This section explains the direct costs that impact the cost of goods sold and, consequently, the business's profitability. § Charts and diagrams illustrate cost structures and trends, while case studies provide insights into effective cost management strategies. o Manufacturing and Operating Cost § This chapter explores the costs involved in the manufacturing process and other operational expenses. Detailed explanations cover labour costs, overheads, and other operational expenditures. § Charts help understand these costs' distribution, and case studies show real-life examples of cost optimisation and control measures. o Finance Cost § This chapter discusses the cost of financing the operations, including interest expenses on loans and borrowings. This section provides insights into different types of finance costs, their calculation, and their impact on financial health. § Charts illustrate interest rate trends and financing structures, while case studies highlight the strategic decisions related to financing. o Depreciation § This chapter provides a detailed look at depreciation, explaining how assets lose value over time and its impact on financial statements. This section covers various methods of depreciation, their application, and implications for financial reporting. § Charts show depreciation schedules and case studies illustrate the practical application of different depreciation methods. o Tax Expense § This chapter covers the calculation and reporting of tax expenses, which is essential for compliance and financial planning. This section explains different types of taxes, tax liabilities, and their treatment in financial statements. § Charts and graphs help visualise tax expenses, and case studies provide tax planning and management examples. o Other Expenses § This chapter examines miscellaneous expenses not classified elsewhere, offering insights into effectively managing and reporting these costs. This section provides a comprehensive overview of other expenses, their nature, and their impact on financial statements. Charts help categorise these expenses, and practical examples illustrate their management. o Exceptional Items, Extraordinary Items, and Prior Period Items § This chapter discusses unusual or non-recurring items that can significantly impact financial results. This section explains the identification, accounting treatment, and disclosure of exceptional, extraordinary, and prior period items. § Case studies highlight real-life scenarios where these items have been critical in financial reporting. • Balance Sheet o Property, Plant and Equipment – Tangible § This chapter focuses on tangible fixed assets, their valuation, and depreciation. This section explains how tangible assets are recorded, valued, and depreciated over time. Charts illustrate asset valuation and depreciation schedules, while case studies provide practical asset management and accounting examples. o Fixed Assets – Intangible § This chapter covers intangible assets such as patents and trademarks, valuation, and amortisation. This section explains the unique characteristics of intangible assets, how they are accounted for, and their impact on financial statements. § Case studies illustrate real-world scenarios of managing and valuing intangible assets. o Investments § This chapter examines different types of investments, their valuation, and their impact on financial health. This section thoroughly analyses investment types, their accounting treatment, and strategic importance. § Charts and graphs help visualise investment portfolios, and case studies demonstrate the practical application of investment management principles. o Loans & Advances § This chapter discusses loans and advances provided by the company, their accounting treatment, and implications for financial statements. This section covers various types of loans and advances, their terms, and their financial impact. § Charts illustrate loan structures and repayment schedules, while case studies provide insights into the effective management of loans and advances. o Other Assets § This chapter covers other assets not classified under specific headings, explaining their valuation and reporting. This section provides a comprehensive overview of miscellaneous assets, their nature, and impact on financial statements. § Charts help categorise these assets, and practical examples illustrate their management. o Inventories and Trade Receivables § This chapter focuses on inventory management and trade receivables, which are essential for understanding working capital management. This section explains the accounting treatment of inventories and trade receivables, their valuation, and their impact on liquidity. § Charts and graphs illustrate inventory levels and receivables ageing, while case studies provide practical insights into effectively managing these critical assets. o Cash, Cash Equivalent, and Bank Balances § This chapter discusses managing and reporting cash, cash equivalents, and bank balances. This section covers various aspects of cash management, including cash flow, liquidity, and financial stability. § Charts help visualise cash flow patterns, and case studies demonstrate best practices in cash management. o Advances Recoverable in Cash or Kind or for Value to be Received § This chapter covers advances recoverable in cash or kind, explaining their accounting treatment and implications for financial statements. This section provides detailed explanations of different types of advances, their valuation, and recovery processes. § Case studies illustrate practical examples of managing and reporting advances. o Shareholders' Funds or Net Worth or Capital § This chapter examines the components of shareholders' equity, including capital stock, retained earnings, and reserves. This section provides insights into the calculation and reporting of net worth, highlighting its importance for financial stability and investor confidence. § Charts and graphs illustrate changes in equity, while case studies provide real-world examples of managing shareholders' funds. o Provisions & Contingent Liabilities § This chapter discusses recognising, measuring, and reporting provisions and contingent liabilities. This section explains various types of provisions, their accounting treatment, and their impact on financial statements. § Charts and graphs help visualise provisions and contingencies, while case studies provide practical examples of managing these critical financial elements. o Borrowings § This chapter covers different types of borrowings, their terms, and accounting treatment. This section provides a comprehensive overview of debt management, including long-term and short-term borrowings. § Charts illustrate borrowing structures and repayment schedules, while case studies highlight the strategic decisions related to financing. o Trade Payable and Other Liabilities § This chapter examines trade payables and other liabilities, their recognition, and reporting. This section provides insights into the management of payables and liabilities, which are crucial for maintaining financial stability and liquidity. § Charts and graphs help visualise payables ageing, and practical examples illustrate effective management of trade payables and liabilities. • Connecting Statement o Significant Accounting Policies § This chapter covers companies' key accounting policies, explaining their impact on financial statements. This section explains various accounting policies, their rationale, and implications for financial reporting. § Charts help illustrate the application of different policies, and case studies provide practical examples. o Notes on Accounts § This chapter discusses the notes to accounts, providing additional information and disclosures related to financial statements. This section explains the importance of notes, their content, and how they enhance the understanding of financial statements. § Case studies illustrate the practical application of notes and their significance for stakeholders. o Cash Flow and Statement § This chapter focuses on the cash flow statement, explaining its preparation and analysis. This section provides detailed explanations of cash flow categories, their importance, and how to interpret cash flow statements. § Charts and graphs help visualise cash flows, while case studies provide practical examples of cash flow management. • Concept of Audit and Auditor's Report and CARO Report o Understanding the Concept of Audit § This chapter provides an overview of the audit process, its objectives, and its significance. This section explains the different types of audits, their scope, and how they contribute to financial transparency and accountability. § Practical examples and case studies illustrate the audit process and its impact on financial reporting. o Report on Internal Financial Controls § This chapter discusses the evaluation of internal financial controls, their importance, and reporting. This section provides insights into the internal control framework, its assessment, and implications for financial statements. § Charts and graphs help visualise internal control structures, and case studies highlight best practices in internal control management. o Analysis of Auditor's Opinion § This chapter examines the auditor's opinion, types, and significance. This section explains the different types of audit opinions, their implications, and how they affect stakeholder perceptions. § Charts and graphs illustrate audit opinion trends, while case studies provide practical examples of the impact of different audit opinions. o Analysis of Emphasis of Matters/Note § This chapter discusses the emphasis of matters and notes included in audit reports, explaining their importance and implications. This section provides detailed explanations of different types of emphasis and their impact on financial statements. § Practical examples illustrate the significance of emphasis on matters in audit reports. o Companies Auditor's Report Order (CARO) § This chapter provides an overview of the Companies Auditor's Report Order (CARO), its requirements, and its significance. This section explains the key provisions of CARO, their implications, and how they enhance the audit process. § Practical examples illustrate the application of CARO in audit reports. o Control over Resources § This chapter examines the control over resources, their importance, and their management. This section provides insights into resource management, internal controls, and their impact on financial performance. § Charts and graphs help visualise resource management strategies, and case studies provide practical examples of effective resource control. o Related Party Transactions § This chapter discusses related party transactions, their identification, and reporting. This section explains the importance of transparency in related party transactions, their accounting treatment, and their impact on financial statements. § Practical examples illustrate the management and disclosure of related party transactions. o Legal Compliance § This chapter covers the importance of legal compliance in financial reporting, explaining key regulatory requirements and their implications. This section provides insights into compliance management, reporting, and its impact on financial statements. § Practical examples illustrate best practices in legal compliance. o Non-Banking Finance Companies (NBFC) § This chapter overviews Non-Banking Finance Companies (NBFC), operations, and regulatory requirements. This section explains the key characteristics of NBFCs, financial reporting, and compliance obligations. § Practical examples illustrate the management and reporting of NBFCs. o Statutory Dues § This chapter discusses the recognition, measurement, and reporting of statutory dues. This section explains various types of statutory dues, their accounting treatment, and their impact on financial statements. § Charts and graphs help visualise statutory dues, while case studies provide practical examples of managing and reporting statutory obligations. o Financial Health of the Company § This chapter examines the indicators of financial health, including profitability, liquidity, and solvency. This section provides insights into analysing financial health, key metrics, and their interpretation. § Charts and graphs illustrate financial health indicators, while practical examples provide real-world insights into assessing and improving financial health. o End Use of Funds § This chapter discusses the importance of monitoring and reporting the end use of funds. This section explains the key aspects of fund utilisation, its impact on financial performance, and compliance requirements. § Practical examples illustrate best practices in managing and reporting the end use of funds. o Frauds and Unrecorded Transactions § This chapter covers identifying, preventing, and reporting fraud and unrecorded transactions. This section provides insights into fraud risk management, detection techniques, and their impact on financial statements. § Charts and graphs help visualise fraud risk, while case studies provide practical examples of managing and reporting fraud. o Resignation of Statutory Auditors § This chapter discusses the reasons, implications, and reporting of the resignation of statutory auditors. This section explains the impact of auditor resignation on financial reporting, stakeholder confidence, and regulatory compliance. § Practical examples illustrate the management and disclosure of auditor resignation. Master Key o How to Link 5 Keys to Decode Financial Statement § This chapter provides a comprehensive guide on linking the key concepts discussed in the book to decode and analyse financial statements. This section explains the interrelationships between financial statement components, their analysis, and interpretation. § Charts and graphs help visualise these connections, while practical examples provide step-by-step guidance on financial statement analysis.

Author : Thomas W. Golden
Publisher : John Wiley & Sons
ISBN 13 : 0471730327
Total Pages : 578 pages
Book Rating : 4.23/5 ( download)

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Download or read book A Guide to Forensic Accounting Investigation written by Thomas W. Golden and published by John Wiley & Sons. This book was released on 2006-05-05 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's demanding marketplace expects auditors to take responsibility for fraud detection, and this expectation is buoyed by such legislation as the Sarbanes-Oxley Act and the Auditing Standard (SAS99), which requires increased performance on the part of the auditor to find material financial statement fraud. Written by three of the best forensic accountants and auditors, Thomas W. Golden, Steven L. Skalak, and Mona M. Clayton, The Auditor's Guide to Forensic Accounting Investigation explores exactly what assurances auditors should provide and suggests alternatives to giving the capital markets more of what they are requiring-greater assurances that the financial statements they rely upon for investment decisions are free of material error, including fraud. It reveals the surprising complexity of fraud deterrence, detection, and investigation, and offers a step-by-step approach to understanding that complexity. From basic techniques to intricate tests and technologies, The Auditor's Guide to Forensic Accounting Investigation is a rich, multifaceted, and fascinating answer to the need for wiser, savvier, better-trained financial statement and internal auditors who are thoroughly familiar with fraud detection techniques and the intricate, demanding work of forensic accounting specialists.

Author : Tommie W. Singleton
Publisher : John Wiley & Sons
ISBN 13 : 047087791X
Total Pages : 336 pages
Book Rating : 4.13/5 ( download)

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Download or read book Fraud Auditing and Forensic Accounting written by Tommie W. Singleton and published by John Wiley & Sons. This book was released on 2010-07-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: FRAUD AUDITING AND FORENSIC ACCOUNTING With the responsibility of detecting and preventing fraud falling heavily on the accounting profession, every accountant needs to recognize fraud and learn the tools and strategies necessary to catch it in time. Providing valuable information to those responsible for dealing with prevention and discovery of financial deception, Fraud Auditing and Forensic Accounting, Fourth Edition helps accountants develop an investigative eye toward both internal and external fraud and provides tips for coping with fraud when it is found to have occurred. Completely updated and revised, the new edition presents: Brand-new chapters devoted to fraud response as well as to the physiological aspects of the fraudster A closer look at how forensic accountants get their job done More about Computer-Assisted Audit Tools (CAATs) and digital forensics Technological aspects of fraud auditing and forensic accounting Extended discussion on fraud schemes Case studies demonstrating industry-tested methods for dealing with fraud, all drawn from a wide variety of actual incidents Inside this book, you will find step-by-step keys to fraud investigation and the most current methods for dealing with financial fraud within your organization. Written by recognized experts in the field of white-collar crime, this Fourth Edition provides you, whether you are a beginning forensic accountant or an experienced investigator, with industry-tested methods for detecting, investigating, and preventing financial schemes.

Author : George A. Manning, Ph.D, CFE, EA
Publisher : CRC Press
ISBN 13 : 1439825661
Total Pages : 792 pages
Book Rating : 4.62/5 ( download)

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Download or read book Financial Investigation and Forensic Accounting, Third Edition written by George A. Manning, Ph.D, CFE, EA and published by CRC Press. This book was released on 2010-12-01 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: As economic crimes continue to increase, accountants and law enforcement personnel must be vigilant in expanding their knowledge of ways to detect these clandestine operations. Written by a retired IRS agent with more than twenty years of experience, Financial Investigation and Forensic Accounting, Third Edition offers a complete examination of the current methods and legal considerations involved in the detection and prosecution of economic crimes. Explores a range of crimes Following an overview of the economic cost of crime, the book examines different types of offenses with a financial element, ranging from arson to tax evasion. It explores offshore activities and the means criminals use to hide their ill-gotten gains. The author provides a thorough review of evidentiary rules as well as the protocol involved in search warrants. He examines the two modalities used to prove financial crime: the Net Worth Method and the Expenditure Theory, and presents an example scenario based on real-life incidents. Organized crime and consumer fraud Additional topics include organized crime and money laundering — with profiles of the most nefarious cartels — consumer and business fraud and the different schemes that befall the unwary, computer crimes, and issues surrounding banking and finance. The book also presents focused and concrete advice on trial preparation and specific accounting and audit techniques. New chapters in the third edition New material enhances this third edition, including new chapters on investigative interview analysis and document examination, as well as advice for fraud examiners working on private cases, including the preparation of an engagement letter. For a successful prosecution, it is essential to recognize financial crime at its early stages. This practical text presents the nuts and bolts of fraud examination and forensic accounting, enabling investigators to stay ahead of an area that is increasingly taking on global importance.

Author : Frimette Kass-Shraibman
Publisher : John Wiley & Sons
ISBN 13 : 1118027272
Total Pages : 391 pages
Book Rating : 4.71/5 ( download)

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Download or read book Forensic Accounting For Dummies written by Frimette Kass-Shraibman and published by John Wiley & Sons. This book was released on 2011-01-13 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical, hands-on guide to forensic accounting Careers in forensic accounting are hot-US News & World Report recently designated forensic accounting as one of the eight most secure career tracks in America., Forensic accountants work in most major accounting firms and demand for their services is growing with then increasing need for investigations of mergers and acquisitions, tax inquiries, and economic crime. In addition, forensic accountants perform specialized audits, and assist in all kinds of civil litigation, and are often involved in terrorist investigations. Forensic Accounting For Dummies will track to a course and explain the concepts and methods of forensic accounting. Covers everything a forensic accountant may face, from investigations of mergers and acquisitions to tax inquiries to economic crime What to do if you find or suspect financial fraud in your own organization Determining what is fraud and how to investigate Whether you're a student pursuing a career in forensic accounting or just want to understand how to detect and deal with financial fraud, Forensic Accounting For Dummies has you covered.

Author : Newman Enyioko
Publisher : GRIN Verlag
ISBN 13 : 3346128245
Total Pages : 17 pages
Book Rating : 4.49/5 ( download)

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Download or read book Resolving Tax Related Fraud and Malfeasance with Forensic Audit written by Newman Enyioko and published by GRIN Verlag. This book was released on 2020-03-10 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2020 in the subject Business economics - Accounting and Taxes, grade: 4.0, , course: Accounting, language: English, abstract: This work is a theoretical study on the application of forensic audit and investigation in resolving tax related fraud and malfeasance. The work aims to examine the application of forensic audit and investigation in combating fraudulent activities in corporate organization, to determine the characteristics required by forensic auditors as to combat fraudulent activities and to differentiate between forensic auditor and financial auditor. Based on the findings, this work concludes that forensic auditing has improved management accountability, strengthened external auditor’s independence and assisting audit committee members in carrying out their oversight function by providing them assurance on internal audit. Therefore, the study recommends that the service of forensic auditors should be employed in Nigerian organisations.

Author : George A Manning, PhD
Publisher : CRC Press
ISBN 13 : 9780849338243
Total Pages : 174 pages
Book Rating : 4.47/5 ( download)

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Download or read book Financial Investigation and Forensic Accounting written by George A Manning, PhD and published by CRC Press. This book was released on 2004-12 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : William T. Thornhill
Publisher :
ISBN 13 : 9780074707715
Total Pages : 221 pages
Book Rating : 4.1X/5 ( download)

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Download or read book Forensic Accounting written by William T. Thornhill and published by . This book was released on 1998 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Zabihollah Rezaee
Publisher :
ISBN 13 : 9781631571480
Total Pages : 0 pages
Book Rating : 4.86/5 ( download)

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Download or read book Forensic Accounting and Financial Statement Fraud, Volume I written by Zabihollah Rezaee and published by . This book was released on 2019-03-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume I, "The existence and the persistence of high-profile alleged financial statement fraud (e.g. Enron, WorldCom, Parmalat, Satyam), as well as the investment Ponzi schemes and credit crunch scandals, have negatively affected the safety and soundness of financial markets and investors' confidence in public financial information. Forensic accounting has advanced as an important and rewarding field of accounting to prevent, detect, and correct these financial scandals and other types of fraud. In such an increasingly unstable economic and litigious environment, there has been significant growth in the demand for and interest in forensic accounting and investigative services. Forensic accountants provide litigation consulting, expert witnessing, valuation, and fraud investigation services."--Abstract