Regardless of the term accounting in forensic accounting, the discipline isn’t related to simply reading financial statements that are available to the public or dealing with other accounting issues; the usual accountants, portfolio managers, investment analysts, and etc. already do the regular financial tasks. Instead, forensic accounting scrutinizes the financial documents that are internal which aren’t readily available to the public; these documents are usually considered in litigation affairs
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Forensic Accounting The accounting profession as we know went through many changes as a result of scams such as the Enron and WorldCom. It came stated as a clear fact that since these scandals had unfortunately happened, it would create a new demand for forensic accountants. The Association of Certified Examiners said that occupational fraud losses cost organizations on the average of about a trillion dollars yearly. I feel with this being a known fact brings along the push for the services of
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Importance of forensic accounting and fraud awareness in Malaysia As a result of recent, highly publicized financial scandals; reported increases in occupational fraud; and heightened concerns over money laundering to support terrorism and racketeering, legislative mandates and public expectations have heightened the necessity to hrther define the auditor's and accountant's responsibility for detecting fraud within organizations. Successful fraud or forensic accounting analyses and findings reported
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Forensics Specialties While reading through the specialties section in chapter one of the textbook, one specialty that caught my attention was forensic anthropology, because I didn’t know before reading the section, how much work this aspect of the forensics team is responsible for. This specialty can be used to determine the amount of time skeletal remains have been exposed to the elements, and even what race the person may have been based on their bone structure; among many other variables. The
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remember. In addition to that I have a fascination for forensics. How special procedures are able to be applied. The endless ways to find to the answer
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March 6, 2015 March 6, 2015 Final Project Cybercrime Forensics Final Project Cybercrime Forensics Part 1: Review Packet Capture For this investigation, we have decided to use NetWitness Investigator to examine the packets captured from the computers in question. NetWitness Investigator is a software used to examine packets and list login information, transferred data, and IP addresses used, among others. For the purpose of this investigation, we are primarily concerned
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organizations resort to use of emails as a primary means of communication, so are criminals bent on misusing the platform to meet their selfish ends. Consequently, email forensics has become pivotal to ensuring that such criminals are apprehended and subjected to due process of the law just like other criminals do. A key area in email forensics that has elicited lots of attention is understanding the unique email characteristics and as such using the same to cluster them for easy identification. This paper
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Forensics of Blood Blood evidence is the most common, most recognized and possibly most important evidence in the world of criminal justice. Throughout the history of violent and fatal crimes, bloodstain evidence has recently begun to emerge as a recognized forensic skill. “Blood is one of the most significant and frequently encountered types of physical evidence associated with forensic investigation of death and violent crime” (Eckert & James, 11). When a violent crime has been committed
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Fingerprinting Forensics Fingerprints are one of the most important things that link a suspect with a crime scene. Colin Beavan says, “Every human being carries with him his cradle to his grave certain physical marks which do not change their character, and by which he can always be identified - and that without shade of doubt or question. These marks are his signature, his physiological autograph, so to speak, and his autograph can not be counterfeited, nor can he disguise it or hide it away,
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Evaluate the obligation Flayton Electronics has to its customers to protect their private data. Flayton Electronics does have a moral and legal obligation to its customers to protect their private data. Section 5 of the Federal Trade Commission Act, prohibits deceptive and unfair trade practices. Under the FTC Act, businesses must handle consumer information in a way that is consistent with their promises to their customers such as what they say in their online privacy policy, and avoid data
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