FSC239Y5 Lecture Notes - Lecture 2: Forensic Accounting, Tracing In English Law, Nordic Countries
Document Summary
To expand horizons beyond the scientific world. Discuss a field that may be of interest to you: when you run into serious trouble personally, or, when forensic accounting may help one of your cases, or, as a future field of endeavour. Concerned with searching for and resolving financial crimes, and providing expert advice thereon to clients, lawyers and courts. Forensic analyses and reports may go to court. Some of the specific matters searched are: bribery, fraud, cybercrime, money laundering, fraud risk assessment and prevention, financial dispute resolution, asset tracing and recovery, dispute resolution damages, divorce, etc. Forensic accountants understand business, finance and accounting, and so are well placed to investigate financial crimes and provide the needed advice. The typical organization loses an estimated 5% of its annual revenues to occupational fraud. Money laundering trying to make elicit money clean. Eastern parts of the world have more bribery.
