Fraud and Forensic Accounting
As defined on Wikipedia, fraud is a deception made for personal gain. Fraud is both a crime and a civil law violation.
The demand for forensic accounting services is growing – and that trend is expected to continue as businesses increasingly seek out experts to help them with a broad range of issues such as economic damages, family law, fraud investigations and litigation.
Certified in Financial Forensics (CFF) credential
The Certified in Financial Forensics (CFF) credential combines specialized forensic accounting knowledge and expertise with everything that makes CPAs among the most trusted business advisors.
The Treasury’s advisory committee contains a number of recommendations in its preliminary report, one in particular related to finding fraud and the “expectations gap” surrounding audit results. Visit the Issue Monitoring page for more details on the advisory committee’s draft report.
Recommendation 1. Strengthen auditing firms’ fraud detection and prevention skills and clarify communications with investors regarding auditing firms’ fraud detection responsibilities.
a) Urge the creation of a national center to facilitate auditing firms’ and other market participants’ sharing of fraud prevention and detection experiences, practices, and data and innovation in fraud prevention and detection methodologies and technologies, and commission research and other fact-finding regarding fraud prevention and detection, and further, the development of best practices regarding fraud prevention and detection.
b) Urge that the PCAOB and the SEC clarify in the auditor’s report the auditor’s role in detecting fraud under current auditing standards and further that the PCAOB periodically review and update these standards
Fraud Resources
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