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- Title
The Expanding Role of the Forensic Accountant.
- Authors
Apostolou, Nicholas G.; Crumbley, Larry
- Abstract
The Sarbanes-Oxley Act (SOX), the Statement on Auditing Standards-99 (SAS 99), and the Public Company Accounting Oversight Board (PCAOB) have not removed the pressures on CFOs to manipulate accounting statements. The PCAOB recommends that an auditor should perform at least one walkthrough for each major class of transactions. SAS 99 does not require the use of forensic specialists but does recommend brainstorming, increased professional skepticism, and unpredictable audit tests. A proactive fraud approach involves a review of internal controls and the identification of the areas most subject to fraud. Certified Forensic Accountants, Cr.FAs, will continue to be in demand to supplement the efforts of internal and external auditors.
- Subjects
PUBLIC Co. Accounting Oversight Board; ACCOUNTING departments; BRAINSTORMING; SKEPTICISM; AUDITING; FRAUD
- Publication
Forensic Examiner, 2005, Vol 14, Issue 3, p39
- ISSN
1084-5569
- Publication type
Article