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What Does Forensic Mean?

In: Business and Management

Submitted By gushina
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1. What does forensic mean?

From Latin forensis ‘in open court, public,’
- Relating to, used in, or appropriate for courts of law or for public discussion or argumentation.
- Of, relating to, or used in debate or argument; rhetorical.
- Relating to the use of science or technology in the investigation and establishment of facts or evidence in a court of law: a forensic laboratory.

http://www.thefreedictionary.com/forensic

2. Define forensic accounting.

Forensic accounting is a type of accounting which unites investigation accounting and litigation support to provide an accounting analysis that is suitable for court.

3. What are the key components of the definition of forensic accounting?

Forensic, accounting, time, purpose - legal forum, peremptory.

4. How does a forensic audit differ from a regular audit?

According to Ronald L. Durkin, the following differences in a forensic audit versus a traditional audit: •Not limiting the scope of the engagement based upon materiality. •Not accepting sampling as evidence. •Not assuming management has integrity. •Seeking the best legal evidence. •Melding the requirements of the evidential matter standard with the rules of evidence

R.L. Durkin, "Defining the Practice of Forensic Accounting," CPA EXPERT (Special Edition, 1999).

5.Who may have been the earliest expert witness?

Hercules De Cordes may have been an early expert witness.

6. What impact did the IRS have on forensic accounting in the United States?

The most famous case involving forensic accountants and the IRS was the capture Al Capone in 1931. Internal Revenue Service took forensic accounting into the modern age in the United States.

7. Who was Frank Wilson?

Frank Wilson was one of two agents posed as gangsters to investigate and capture Capone

8. What country claims the genesis of the discipline of...

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