Show:
Working Conditions/What they do?
Organizations & Cases
Earnings/Education
General
100
How many hours does a forensic accountant work per week?
40-45 hours
100
What is the divorce case about?
-Forensic accountant used his skills in a divorce -Found hidden assets that the spouse thought no one would find out of -Spent money transfer to his girlfriend
100
What factors affect the earning of a forensic accountant?
-Education -Employer -Experience
100
What was forensic accounting known as?
Financial investigations
200
Assist companies to decrease ______
fraud
200
What happened in the case with Robert Maxwell?
-When he died, his company fell -He was playing financial games with bank loans and the funds from investors -Forensic accountants found more than $1 million that Maxwell took from his clients
200
What are the general steps in order to become a forensic accountant?
obtain a degree, complete a program of professional studies, work experience, exam
200
What are two components of forensic accounting?
litigation support and investigative accounting
300
Why do forensic accountants assist the police?
Uncover the money obtained from prohibited sources.
300
What happened in the case with O.J. simpson?
-Proved innocent in murder case -Pleading poverty but forensic accountants investigated and found out that he had millions of dollars put away
300
What kind of benefits do forensic accountants employed by large firms recieve?
-Medical plans -Dental plans -Pension plans
300
What is the goal of forensic accounting?
objective verification
400
Why do forensic accountants examine accounting records and look at financial records?
-Examine accounting records to look for deceit and unfamiliar information which is hard to discover -Look at financial records in order to determine how difficult or easy it is to thieve the company
400
Name the organization we mentioned and what they do.
-Matson Driscoll & Damico -International forensic accounting firm -Founded in 1933 -Focus on property insurance, casualty, general liability and specialty risk insurance claims -Provide expert witnesses in court
400
What is the income of a forensic accountant that just entered the career? Those with several years of experience? Average income?
-Just entered the career: $40,000 - $75,000 per year -Several years of experience: $75,000 - $200,000 per year -Average income: $164,000 per year
400
What is the defenition of forensic accounting?
Examine fraud/study financial records to be used in lawful procedures