frauds, each type of fraud needs to be dealt accordingly rather than just implementing what is already present. The failure of internal auditing system to prevent such malpractice has led to the use a more effective system known as the forensic
Introduction and development of Forensic accounting The term forensic auditing started from the 1940’s and has taken significant Place in this modern economy.” In the late 1940s, forensic auditing proved its worth during World War II; however, formalized procedures were not put in place until the 1980s when major academic studies in the field were published (Rasey 2009). Forensic auditing is the specialty area of the accountancy profession which describes engagements that result from actual or anticipated
With this regard, Mcfee and Brynjolfsson (2012) conducted a study in conjunction with McKinsey’s business technology to establish the impact of data analytics on the accounting profession. The study revealed that not all accounting managers embraced data-driven decision-making processes. However, Mcfee and Brynjolfsson (2012)’s study showed that accountantswho used data analytics had an overall better performance on operational results and financial
organization. Accountants are significant part of all businesses. Accountants analyze and provide trustworthy information about financial records. This could involve them in a taxation, financial reporting, forensic accounting, auditing, business recovery, corporate finance and insolvency, or accounting systems and processes. An accountancy student has to learn how to deal with the different factors that they will face. School, colleges and universities are incomplete and useless without students. Students
whether the application of stylometry can be used to define an author’s style and if so, how accurate these methods are. We also aim to check if the choice of vocabulary and sentence lengths are relevant in the creation of a horror atmosphere and, in case they are, how these vary in horror stories and non-horror stories. With these questions in mind we will try to find out if the use of certain words and sentences can help and be determining in the creation of a horror
Ponzi Perpetrators are described as a charming dealer who put more emphasis on certain things that are associated with them either professionally or in a social environment. According to Mitchell Zuckoff, Professor at University of Boston and Jory and Perry (2011) “Ponzi perpetrators are self-delusional.” The culprits of Ponzi schemes are most likely talented to betray investors and are considered to be overweening. These Ponzi scammers approach to those individual in a convincing manner and they