This article about the functions and duties of forensic accountants is in response to the question asked by one of the readers of Accountant-Next-Door after I wrote on how accounting cycle can help in forensic accounting. I have written two separate articles on the skills of a forensic accountant and how to become a forensic […]
Dangers of Fraudulent Accounting Practices- why accountants should be ethical
I bet you must have heard about fraudulent accounting practices and accounting fraud more times than you can imagine but do you actually appreciate the dangers of doctoring your book of accounts. This means that no meaningful economic activity will ever take place if all that consumers of accounting information can lay their hands are […]
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Roles of accountants in bankruptcy and insolvency
An individual or corporate body can apply for bankruptcy or be forced into bankruptcy if certain legal criteria are met. The individual or the business entity must be in debt and unable to pay or make reasonable repayment plan. This article is not to discuss the intricacies of bankruptcy but to highlight the roles of […]
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WHY DO WE STILL HAVE CORPORATE FRAUD?
For many years, fraud examiners and fraud fighters have deployed substantial resources waging the war against fraud and yet not much has been achieved. Accounting fraud and corporate fraud still make headlines almost on a daily basis. The conventional knowledge is that fraud only occurs when the three variables in what fraud experts called the […]
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FORENSIC ACCOUNTANT SKILLS
As business environment continually change alongside every other thing. The presence of fraud triangle also increases thereby giving room for many more accounting frauds. This development gave rise to the demand of individuals with forensic accounting skills. Just like in every other profession where you are required to have a set of baseline skills in […]
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USERS OF FORENSIC ACCOUNTING INFORMATION
Forensic accounting information is the output of the investigative arm of accounting aimed at producing information that helps to resolve complaint, statement of claim, rumour, and inquiry or to reduce the financial element of legal debate. This is to say that forensic accountants are called in when an event has taken place and there is a […]
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HOW TO BECOME A FORENSIC ACCOUNTANT
The continuous rise in accounting fraud and other traditional frauds have recently placed high demand in the services of forensic accountants and their services. This increased demand for qualified accountants that specialises in investigative aspect of accounting has opened up doors of opportunity for those that can combine accounting and fraud examination principles and techniques. […]
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WHAT IS ACCOUNTING FRAUD? MEANING | TYPES AND CHARACTERISTICS
I checked my mail this morning and was greeted with this email from Jude “Good day Mr. Chinweike, What is accounting fraud? Please sir help me “. I initially did not want to respond to the mail as I considered it a cheating if I help provide an answer to this question. But taking a […]
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WHAT IS FRAUD? | FINANCIAL AND NON FINANCIAL PERSPECTIVES
DOES EVERYONE KNOW THE MEANING OF FRAUD? This article would be written in a very rather unusual manner as it will start with a very strange story. I happen to take up the role of a business advisor of a young entrepreneur in his early 20s who did not file his tax returns correctly in […]
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ROLE OF ACCOUNTANTS ON THE FIGHT AGAINST ECONOMIC CRIME AND FRAUD
Economic crime and fraud continually make headline news. People tend to be resorting to economic crime and fraud in order to cushion the effects of the economic global crisis. A lot of managers have lost hope as most of these frauds and economic crimes are committed and perpetrated by insiders. This then presupposes that economic […]
