Overview/History
What is the projected percentage for the growth of the forensic accounting market by 2009?
USD 8.55 billion
Which Canadian engineering firm was involved in a bribery and corruption scandal with Libyan officials?
SNC-Lavalin
What was the name of the 3rd Issue
COMPLEXITY OF FINANCIAL DATA
Why must forensic accountants continuously update their fraud detection methods ?
a) Fraudsters are using outdated techniques.
b) Financial crimes are becoming less frequent.
c) New technologies enable more sophisticated fraudulent activities.
d) Legal frameworks are becoming more lenient toward fraud.
New technologies enable more sophisticated fraudulent activities.
Which Scandal incurred a loss of £2 billion in its share profit profits?
The Tesco Accounting Scandal
Where did the forensic accounting practice begin?
Ancient Egypt
What strategies can forensic accountants use to address resource restrictions and improve the quality of their investigations? (Name at least 2)
Scope and Quality Management, Timeline Adjustments, Cost Overruns, Resource Allocation, Increased Risk Management
Dealing with a large volume of data during an investigation can be....
time-consuming and demanding.
why FTX announced Bankruptcy in 2022 ?
Risky financial practice
How did forensic accountants help in the SNC-Lavalin scandal?
Forensic accountants helped by examining the company’s financial records, finding illegal payments, and giving expert testimony to reveal financial misconduct and support the legal case.