•  
  •  
 

Publisher

The Association of Digital Forensics, Security and Law (ADFSL)

Abstract

Disclosures about new financial frauds and scandals are continually appearing in the press. As a consequence, the accounting profession's traditional methods of monitoring corporate financial activities are under intense scrutiny. At the same time, there is recognition that principles-based GAAP from the International Accounting Standards Board will become the recognized standard in the U.S. The authors argue that these two factors will change the practices used to fight corporate malfeasance as investigators adapt the techniques of accounting into a forensic audit engagement model.

References

Abernethy M. 2004. On the day of reckoning, Charter, (August) . Accessed January 19, 2008

Brewster, M. 2003. Unaccountable: How the Accounting Profession Forfeited a Public Trust. John Wiley and Sons

Brooks, D., Goldman, M. and Lanza, R. 2007. Buyer's Guide to Audit, AntiFraud, and Assurance Software. Ekaros Analytical, Inc. (Vancouver, Canada)

Eltis, K. 2003. The Emerging American Approach to E-mail Privacy in the Workplace: Its Influence on Developing Caselaw in Canada and Israel: Should Others Follow Suit? Comparative Labor Law & Policy Journal Vol. 24 (3): 487-524. Global Public Policy Symposium. 2006.

Global Capital Markets and the Global Economy: A Vision from the CEO’s of the International Audit Networks. (November) Accessed January 19, 2008.

Global Public Policy Symposium. 2008. Principles-Based Accounting Standards. (January) New York. Accessed January 19, 2008.

Institute of Internal Auditors. 2008. Managing the Business Risk of Fraud: A Practical Guide. David A. Richards, Project Manager. Published by the Institute of Internal Auditors, American Institute of Certified Public Accountants, and the Association of Certified Fraud Examiners.

Kahan, S. 2006. Sherlock Holmes Enters Accounting. WebCPA: Tools and Resources for the Electronic Accountant, (May 1) . Accessed March 20, 2009.

Michaud, D., Dutton, C. and Magaram, K. 2006. Empowering Board Audit Committees: Electronic Discovery to Facilitate Corporate Fraud Detection, Brown University Corporate Governance Program. Working Paper Accessed May 8, 2008.

May, G. 1937. Principles of Accounting, Journal of Accountancy, 64, 423- 425.

May, G. 1950. Truth and Usefulness in Accounting," Journal of Accountancy, 89, 387.

Public Company Accounting Oversight Board (a). 2007. Observations on Auditors' Implementation of PCAOB Standards Relating to Auditors' Responsibilities with Respect to Fraud. PCAOB Release No. 2007-001. (Washington, D.C).

Public Company Accounting Oversight Board (b). 2007. Panel Discussion: Forensic Audit Procedures. PCAOB Standing Advisory Group Meeting. February 22. (Washington, D.C).

Shortridge, R. and Myring, R. 2004. Defining principles-based accounting standards. The CPA Journal, 74, (August) 34-37

Smith, G. and Crumbley, L. 2009. How Divergent are Pedagogical Views Toward the Fraud/Forensic Accounting Curriculum? Global Perspectives in Accounting Education Vol. 6 (2009) 1-24. Accessed March 20, 2009.

Smith, G. 2005. Computer forensics: Helping to Achieve the Auditor’s Fraud Mission?” Journal of Forensic Accounting, Auditing, Fraud & Taxation Vol. 4 (1) 119-134.

Tinker, T. 1986. Social Accounting for Corporations: Private Enterprise versus the Public Interest. Markus Wiener Publishing, Inc. (New York, NY).

Wagner, M. and Frank, P. 1986. Management Advisory Services Technical Consulting Practice Aid 7: Litigation Services. American Institute of Certified Public Accountants (New York:, NY).

DOI

https://doi.org/10.15394/jdfsl.2009.1054

 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.