02-02-2005, 05:18 AM
HI MATES
YES CHEEMA SAHAB, you saying right. But I want to add some flash picture about the growing development of Forensic Accounting in order to facilitate our members who are still not able to know about that rapid growing field.
WHAT IS FORENSIC ACCOUNTING
For. Accounting is a multi-skilled job. It covers a wide range of areas especially
1. To investigate fraud( like money laundering, stock manipulation, fixed asset managment problem. etc.) and try to prevent that huge amount of irregularities in a maximum possible effort
2. It also help to manage organization's legal proceedings like litigations support as DESERT described "any professional assistance non lawyers provide to lawyers in the litigation process." Companies mostly use specialist accountancy firms where a number of professional forensic accountant are much familiar with court cases regarding companies matters.
3. Forensic Accounting also deals with the Information Technology. What i mean to say is that is it is necessary to gain an in depth knowledge about computer programming skills, means these accounting could detect fraudulant transactions within the organization's system.
FORENSIC ACCOUNTING is a mixtures of these(above) complex areas.In US forensic accounting has been growing rapidly because of increasing fraudulant activities, complex nature transactions, hidden criminal files in computer system ( specially in money laundering cases) and lighter professional opinion in court proceedings. Thats the reason that Forensic accounting was inroduced in order to finish these Corruptions in companies.
REGARDS
ASIF ALI
YES CHEEMA SAHAB, you saying right. But I want to add some flash picture about the growing development of Forensic Accounting in order to facilitate our members who are still not able to know about that rapid growing field.
WHAT IS FORENSIC ACCOUNTING
For. Accounting is a multi-skilled job. It covers a wide range of areas especially
1. To investigate fraud( like money laundering, stock manipulation, fixed asset managment problem. etc.) and try to prevent that huge amount of irregularities in a maximum possible effort
2. It also help to manage organization's legal proceedings like litigations support as DESERT described "any professional assistance non lawyers provide to lawyers in the litigation process." Companies mostly use specialist accountancy firms where a number of professional forensic accountant are much familiar with court cases regarding companies matters.
3. Forensic Accounting also deals with the Information Technology. What i mean to say is that is it is necessary to gain an in depth knowledge about computer programming skills, means these accounting could detect fraudulant transactions within the organization's system.
FORENSIC ACCOUNTING is a mixtures of these(above) complex areas.In US forensic accounting has been growing rapidly because of increasing fraudulant activities, complex nature transactions, hidden criminal files in computer system ( specially in money laundering cases) and lighter professional opinion in court proceedings. Thats the reason that Forensic accounting was inroduced in order to finish these Corruptions in companies.
REGARDS
ASIF ALI
