Infographic: How Do Forensic Accountants Expose Financial Fraud?
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Forensic Accounting is concentration that enters the spotlight on a regular basis, especially during economic downturns. Why? Because risky financial practices are revealed and forensic accountants end up being the key deliverers of justice.
Forensic Accounting is concentration that enters the spotlight on a regular basis, especially during economic downturns. Why? Because risky financial practices are revealed and forensic accountants end up being the key deliverers of justice.
While forensic accounting is not a new career, the practice has move from the background into the mainstream in recent years. In the 1970s, the FBI enlisted the help of accounting technicians dedicated to money-related cases; today, forensic accountants work on a whole range of cases, including a $200 million Medicare fraud case and exposing the largest hedge fund insider trading scheme in history.
Related: Goldman Sachs Insider Trading Scandal: Rajaratnam Faces 20 years in Prison if Found Guilty
Related: FBI Recruits ‘Gordon Gekko’ In Fight Against Wall Street Greed
This infographic takes a look at some of the biggest economic crimes our country has faced to this day, along with the rise of the forensic accountant. Ever been interested in how a forensic accountant uncovers bank and financial fraud? Check out the infographic to learn more.
via New England College Master of Science in Accounting Online
