Forensic Accounting Trends

Numbers dont lie, but liars do, says George M. Lewellen, a forensic control, in regard to his work. After I gain my bachelors and graduate degree in accounting I anticipate to gain my CPA and make this work my life profession. As a forensic accountant, also sometimes referred to as an investigative accountant, I will hold accounting concepts and techniques to investigate craft cases that occur within a company. Forensic accounting as a field is becoming much and more merry to a companys success. This is largely due to troika trends in the business world: rapidly change magnitude part of technology in fiscal services, the push for standards for international financial reporting, and the ever-increasing amount of white-collar crimes in todays world.
The use of technology in the business world has been sharply increasing over the course of the past ten years, making businesses more efficient and more productive. Now, more than ever though, technology is immersion the accounting field making it an even more useful and useful part of a company. In Tracy L.



Coenans condition The Future of Forensic Accounting is Now and on her superior website she explains that the old way of manually crunching numbers is long gone(a) and that now, unique combinations of financial softw atomic number 18 are being created to background the time and effort required in investigating fraud. In her article The Future of Forensic Accounting is Now she says:
retrieve being able to take tens of thousands of pages of financial data and adhere it into a database in a matter of hours. Those mounds of paper are quickly turned into something useful to the forensic accountant, without spending hundreds of hours manually inputting the data. Financial data is suddenly transformed and the forensic accountant can quickly map the flow of funds, search for feat patterns, create charts and graphs that show entities and transactions of interest, and create customized reports.(Coenen, 2012).
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