...Assignment #3 Forensic Accounting in Practice Professor Demetrius Carolina, Sr. Bus 508-Contemporary Business February 16, 2013 The purpose of my paper is to explore Forensic Accounting and the many aspects surrounding the field. I will determine the skills necessary to be a forensic accountant and its application to business operations. I will also describe the role the forensic accountant plays in a courtroom environment and the role played by the forensic accountant in the litigation process. I will also provide case examples where forensic accountants are used and have provided vital evidence in the case. Today, forensic accounting is a rapidly growing segment of the accounting practice, and the current demand for forensic accountants far outstrips the current supply. Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Have you ever been cheated, robbed or financially hurt by actions of others? Well, out of those feelings civil lawsuits arise based on the desire to reclaim what one perceives he/she has lost unjustly. Financial loss isn’t always easy to define or measure. So, the important task of investigating and quantifying the financial loss normally requires the expertise of a forensic accountant. A forensic accountant is a professional who uses a unique...
Words: 2645 - Pages: 11
...scientific study on eyewitness testimony, this article delineates a tripartite solution to eyewitness error. This is necessitated by the fact that criminal justice system mainly relies on eyewitness evidence to convict suspects. Often, eyewitness evidence happens to be the only evidence available and if appropriately handled it can be very reliable. The proposed solution maintains accessibility of eyewitness substantiation, while at the same time providing safeguards to uphold its accuracy and reliability. Court of laws and criminal justice system can rely on eyewitness Testimony. This is the hypothesis that will be tested through research on the internet, books and other relevant sources. The expected outcome of this research paper, it will be easy to tell whether or not jurors can rely on eyewitness testimony. In this tripartite solution, the first component is allowing experts testimonies when the sole or primary evidence against the accused is eyewitness. This involves using a highly qualified psychologist who has done enough research and has theories about eyewitness behaviour (Richard et al, 2007). The expert explains to the court how human memory works, the applicable eyewitness research and factors that may affect the authenticity of the eyewitness testimony. The expert is not required to express a judgment on the final...
Words: 1136 - Pages: 5
...financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity (Business Dicitionary.com). Accountants take a vow to ensure the accuracy of all financial records for the company they work for. When a company suspects fraudulent activity they often call in a forensic accountant to help with the investigation. The forensic accountant has the skills to investigate what happened, to measure damages, and to provide litigation support to corporate and outside counsel (Flexstudy.com). FORENSIC ACCOUNTING IN PRACTICE Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. This paper will give some incite on the different levels of responsibility and skills that the forensic accountant must have to provide quality service. “Accounting professionals work in a variety of areas in and for business firms, government agencies, and not-for-profit organizations. They can be classified as public, management, government, and not-for-profit accountants” (L.E. Boone, 2012 Update). Forensic Accountant is the latest form of accountant and is a rapidly growing field. “Forensic Accounting is accounting performed in preparation for legal review. Forensic accountants take the skeptical view, investigating below the surface of an organization’s accounting system to find out what actually happened.” (L.E. Boone, 2010 Update)....
Words: 1557 - Pages: 7
...How to Write a Position Paper The purpose of a position paper is to generate support on an issue. It describes a position on an issue and the rational for that position. The position paper is based on facts that provide a solid foundation for your argument. In the position paper you should: • Use evidence to support your position, such as statistical evidence or dates and events. • Validate your position with authoritative references or primary source quotations. • Examine the strengths and weaknesses of your position. • Evaluate possible solutions and suggest courses of action. Choose an issue where there is a clear division of opinion and which is arguable with facts and inductive reasoning. You may choose an issue on which you have already formed an opinion. However, in writing about this issue you must examine your opinion of the issue critically. Prior to writing your position paper, define and limit your issue carefully. Social issues are complex with multiple solutions. Narrow the topic of your position paper to something that is manageable. Research your issue thoroughly, consulting experts and obtaining primary documents. Consider feasibility, cost-effectiveness and political/social climate when evaluating possible solutions and courses of action. The following structure is typical of a position paper: • An introduction • Identification of the issue • Statement of the position • The body • Background information •...
Words: 381 - Pages: 2
...Many concerns in conducting the various types of investigations has always been the legality of the “how’s”, “who’s” and “when’s”. The collecting of physical and DNA evidence, Interviewing of witnesses and the various types of surveillances used all fall into a closely watched category within the investigation process. Not only is it imperative that all types of investigations are done correctly but the ultimate goal of a successful conviction clearly depends on it. One of the critical and most important areas of any investigation is the collection of evidence. Whether it be physical evidence such as fingerprints, tire marks, footprints, fibers or DNA evidence this area is vital, it can be the only key to link someone to a crime. However, to play it role, the evidence must be collected and analyzed properly. Prior to any collection of evidence photographing and filming must be done. An important general principle in evidence collection and to have such evidence admissible in court is to have a secure chain of custody. That is each person who handled the evidence from its collection to its appearance in court must sign for it. Therefore, the court knows who had custody of it at each stage of its journey. Cross contamination is another crucial factor in evidence collection. According to the nature of the evidence, certain packaging methods and handling methods must be done. For instance, tape lifts of hair and fibers may be adhered to a piece of film and then sealed into a clean...
Words: 1298 - Pages: 6
...Unit: Participate in a Quality Audit Project No.: 2 Student Name: Sonia Rana Name : Sonia Rana List of Contents Description Page No. Introduction Quality Audit and Its Importance Audit Team and Their Roles Audit Procedure Entry and Exit Meetings Reporting Audit Standards Summary References 3 4-5 5-7 8-11 11-13 13-14 14-15 15 15 Page 2 of 15 Name : Sonia Rana Introduction: This paper details the importance of the Quality audit, why audit are conducted and what is the purpose of auditing. It explains the process followed to organise, complete and report the audit. Also roles of the various audit team members including external experts/technical specialists are discussed. A brief overview of the audit process, what process and techniques are used during audit process. It also includes the importance of the entry and exit meetings, why these meetings are required and what is discussed in these meetings. This paper explores about the legislations, codes of practices and quality standards that applies to a Quality auditing. Also identifies what reports needs to be made as a result of audit findings, also discusses the formats of the reports and to whom these reports should be presented. A brief conclusion is presented in the last section summarising the findings and discussions. Quality Audits and Its Importance: Page 3 of 15 Name : Sonia Rana Quality audit is the process of systematic examination of a quality system carried out by an internal or external quality auditor...
Words: 3782 - Pages: 16
...Interview with a Nursing Information Expert: Guidelines and Grading Rubric Purpose The purpose of this assignment is to * Communicate your understanding of the importance of quality information in everyday nursing practice; * Discuss the roles and responsibilities of a Nursing Information Expert; and * Articulate how the professional nurse uses information or data in everyday practice to improve outcomes. Course Outcomes This assignment enables the student to meet the following course outcomes. CO #1: Describe patient-care technologies as appropriate to address the needs of a diverse patient population. (PO #1) CO #4: Investigate safeguards and decision-making support tools embedded in patient care technologies and information systems to support a safe practice environment for both patients and healthcare workers. (PO #4) CO #8: Discuss the value of best evidence as a driving force to institute change in delivery of nursing care. (PO #8) Points This assignment is worth a total of 250 points. Due Date This assignment, Interview with a Nursing Information Expert, is due at the end of Week 6. Submit your completed Interview, using the Interview Form, to the basket in the Dropbox by Sunday, 11:59 p.m. mountain time. Post questions to the weekly Q & A Forum. Contact your instructor if you need additional assistance. See the Course Policies regarding late assignments. Failure to submit your paper to the Dropbox on time will result in a deduction of points. ...
Words: 1637 - Pages: 7
...Heparin verses Normal Saline Flushes to Maintain Venous Access Abstract In recent years, medical experts have expressed a growing concern for patient safety regarding the use of heparin flushes to maintain patency of venous catheters. A systematic review has concluded that there is insufficient evidence to conclude that flushing catheters with heparin is more effective in preventing blood from clotting in the lines than flushing with a normal saline solution. This evidence-based paper will identify the effect of each solution on IV lines, the preferred solution for patient safety and how to implement the preferred solution into daily care to promote the best client outcome. Heparin verses Normal Saline Flushes to Maintain Venous Access During my clinical rotations, I have observed catheter patency checks being performed with a normal saline injection prior to each administration of intravenous medications. I often wondered how this nursing intervention was established. Heparin flushes have been the commonly used solution to decrease occlusions for patients with intermittently used central venous catheters or intravenous catheters; until recently when medical experts completed a review of the associated risks with the use of heparin (Lewis, Dirksen, Heitkemper, Bucher, et al & Camera, 2011). Medical experts began to examine other interventions to maintain patency such as a normal saline flush. Through research and collection of data regarding catheter patency...
Words: 650 - Pages: 3
...writing will be scored on how well you: • state your position on the topic • describe the points in support of your position, including examples and other evidence; • anticipate and address readers’ concerns and arguments against your position; and • use grammar, spelling, punctuation, and capitalization. 2. Decide on a topic or issue. If you get to choose your topic, select something that you feel strongly about or that you feel competent discussing. If the topic is assigned, think about the best way to approach it. 3. Make a list of pros and cons for your issue. PROS - What makes your idea a good one? CONS – Consider your audience. What arguments might they make against your idea? 4. Write a thesis statement. In a single sentence, state your proposal or position. What’s the main idea that you’re trying to get across to your audience? What do you want the reader to agree to? 5. Organize and outline ideas. Select your best arguments to support your opinion. Use one paragraph to address a reader counterargument. Topic Sentence: First reason why your idea is a good one. Supporting Details: #1: Facts, Examples, Statistics, Interview Quotation, Expert Opinion, Anecdotes #2: Facts, Examples, Statistics, Interview Quotation, Expert Opinion, Anecdotes #3: Facts, Examples, Statistics, Interview Quotation, Expert Opinion, Anecdotes 6. Write your essay. • Introduction: o Use a lead that grabs the reader’s attention. o Give background information about the situation...
Words: 1075 - Pages: 5
...Introduction There are many key component of a case. Some of these things include the evidence, the witnesses and the expert witnesses. One of these expert witnesses includes the forensic accountant, which has become a common use within the courtroom. This paper will discuss the five most important skills that a forensic accountant needs to possess, the role of a forensic accountant within a courtroom environment, the legal responsibility a forensic accountant has while providing service to a business, and two cases where forensic accountant have provided vital evidence in a case. It will also summarize the accountant’s role during the cases. Five Most Important Skills The five most important skills a forensic accountant needs to possess are private investigator, research skills, analytical abilities, accounting and task manager. Private investigator skills are important because they have to be able to gather information about the case. They have to be able to provide hard facts about the case to prove that fraud is actually accruing within the company or towards the company. They also have to go undetected that way important things that can help a case will not be cover up nor erased. They also have to possess research skills. This way they can gather only the important facts that can help with the case because they do not want to enter evidence that can harm the case or that does not have any relevance to the case. Analytical abilities are essential because...
Words: 793 - Pages: 4
...ENG/215 11/5/2012 Dr. Boothe Papers written collaboratively will use different warrants and/or different forms of argumentation to support the claim and grounds of a paper as opposed to a paper writing a paper individually. One may suggest that the warrant of a paper is the most difficult element in supporting the claims and grounds of a paper. The warrant is used to connect the claims and grounds of a paper. “Without a warrant a reader may not reach the same connection or make similar connections between a claim and evidence as a writer” (Morse, 2010). Collaboratively, different warrants will arise in a paper to bring together the validity of the evidence presented. Having more than one perspective in a team paper is key. It allows various facts and statistics to be introduced and considered. “It eliminates the possibility of errors arising out failures and considers the effect of contributing elements” (Jones, 2010). In addition, a different perspective when writing collaboratively, creativity is embraced. Different ideas come to the forefront, which may not have come to light without different varies being heard. This creativity helps the reader to connect the claim and evidence which is known as the warrants. “As writers we must guide our readers through our logic and convince them that our interpretation is logical and sound” (Morse, 2010). Lastly, collaboratively, teams can determine when a paper is good enough using various methods. Team members can establish represents...
Words: 502 - Pages: 3
...Research with Children and Young People | Paper Critique This essay will outline and evaluate the role of ‘Listening to Children’ (Walker, Crawford, & Taylor, 2008) in the current paper and reflect on other relevant research on the ‘voices’ of children and young people. Firstly it will discuss the methods which can be used to write a literature review, leading on to critiquing the research contained in the journal article. When beginning a literature review it is important to identify the methodological assumptions and research strategies that have been adopted for constructing the research (Hart, 1998). Methodology is a system of methods used to collect data and provides a starting point for choosing an approach made up of theories, ideas, concepts and definitions of the topic (Hart, 1998). There are two ways in which data can be collected – quantitative and qualitative. Quantitative research involves summarising data using statistical numbers. The researcher knows in advance what he/she is looking for and all aspects of the study are carefully designed before the data is collected. The objective of quantitative research is to develop and employ mathematical models and theories which are hypothesised prior to the research being conducted. The qualitative approach to data collection involves research being collected via the use of primarily narrative or verbal methods; observations, interviews, and document analysis (Lodico, Spaulding, & Voegtle, 2010). It is important...
Words: 2284 - Pages: 10
...Pressure-under financial duress such as credit problems, substance or gambling addiction * Rationalization-mentally justifies the crime (Co. deserved it) What does it mean to rationalize in the fraud triangle? * Suspect will say anything to justify the crime so they’re not held liable Describe the fraud detection process? * Identifying indicators of fraud that suggests a need for further investigation * Limited, cannot detect all frauds due to collusion or nature of fraud * Cheaper compared to prevention costs * Have to be careful of false positives and false negatives Objectives of the fraud detection process? * To detect and prevent fraud, identify indicators of fraud that suggest further investigation. * Evidence can lead to errors or unusual events that are not fraudulent acts * Prevention is achieved by the deterring effect of early detection * If the rapid of detection is high,...
Words: 1869 - Pages: 8
...acknowledges that: On the eve of a new century, there is an unprecedented demand for and a great diversification in… education, and for building the future, for which the younger generations will need to be equipped with new skills, knowledge, and ideals (UNESCO, 1998). The profusion of knowledge and information has led to an increase in the number of issues that students need to resolve inside and outside the school. Knowledge explosion also demands prudence and careful discernment from students who are to choose more relevant and sound data. This would require the acquisition of reasoning skills that would enable them to filter relevant information from irrelevant ones. Reasoning involves providing arguments, premises, justification, and evidence to claims or positions. However, acquisition of reasoning skills requires much from students. It requires good study habits and positive attitudes, as well as good contextual reinforcers and influences. Many educators have noted that learning is dynamic and that it does not occur in a vacuum. Learning happens due to various factors and influences. It is, therefore, important to direct research efforts in education towards the study and analysis of how these variables facilitate student learning. For this reason, this article focuses on students’ study habits and attitude towards learning and how these influence their acquisition of reasoning skills. It is hoped that student learning can be effectively enhanced by tapping on what students...
Words: 4815 - Pages: 20
...Johnny Brown 11/08/2012 Final Term Paper Arson Investigator The reason I decided to choose this topic, and not something about a particular part of the fire service, is because I was watching a TV show CSI where they solve crimes and such. Well this topic of fire fighter arson was on the show where a fire fighter set a fire on purpose. So I decided that it looked interesting considering it is what I want to do. Fire fighter arson is basically when a fire fighter sets a fire and I will break it down on why some fire fighters do it, affects of fire fighter arson, basic profile of the fire fighter arsonist, fire service responsibilities in preventing fire fighter arson, and actions to take when a problem is suspected. There were a number of people who had been arrested for this crime and were willing to share their motivations. The biggest reason was people were looking for recognition and liked to play the role of a hero. These people would get a thrill to be the reporting party or to be first on the scene. Another reason is a person might have a psychiatric problem that they have towards the fascination with fire. While others have a low self-esteem or self-confidence, and they want to feel like they belong to a group and are accepted by others. There are many effects of fire fighter arson, which all are very clear cut effects, they include the possibility of injury, loss of life, property and financial loss due to fire, and the increase of insurance premiums that we pay...
Words: 910 - Pages: 4
