Forensic Paper
Running head: Forensic accountant 1
Forensic Accountant
Dr. Gina Zaffino
Bus 508, Contemporary Business
11/16/2012
Running head: Forensic Accountant 2
Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Although forensic accounting is not a new field, it has become more talked about since cases like Enron came to light. For someone interested in the Forensic Accountant profession they should know that this field can be time consuming, but very rewarding. People who work in this career investigate white collar crimes such as company fraud, fraudulent financial record reporting, and illegal investment schemes. In a recent study by the Federal Bureau of Investigation shows that white collar crimes have cost the United States and estimated 300 billion dollars (DiGabriele 2008). I think five of the skills that a forensic account would need are communication skills, detail oriented, professional and ethical behavior, sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties. As a forensic accountant, communication skills, verbal and non verbal, are important when it comes to conducting interviews and gathering information. After gathering the records, forensic accountants often conduct interviews with the accused and other involved parties to get individual stories about the irregularities. Forensic accountants have to be able to intemperate correctly the information they receive as well as ask the right questions to get the information they need. They are also looking for non verbal forms of communication during this process. Forensic accountants also
Forensic Accountant
Dr. Gina Zaffino
Bus 508, Contemporary Business
11/16/2012
Running head: Forensic Accountant 2
Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Although forensic accounting is not a new field, it has become more talked about since cases like Enron came to light. For someone interested in the Forensic Accountant profession they should know that this field can be time consuming, but very rewarding. People who work in this career investigate white collar crimes such as company fraud, fraudulent financial record reporting, and illegal investment schemes. In a recent study by the Federal Bureau of Investigation shows that white collar crimes have cost the United States and estimated 300 billion dollars (DiGabriele 2008). I think five of the skills that a forensic account would need are communication skills, detail oriented, professional and ethical behavior, sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties. As a forensic accountant, communication skills, verbal and non verbal, are important when it comes to conducting interviews and gathering information. After gathering the records, forensic accountants often conduct interviews with the accused and other involved parties to get individual stories about the irregularities. Forensic accountants have to be able to intemperate correctly the information they receive as well as ask the right questions to get the information they need. They are also looking for non verbal forms of communication during this process. Forensic accountants also
References: Bressler, L. (2012). The role of forensic accountants in fraud investigations: Importance of attorney and judge 's perceptions. Journal Of Finance & Accountancy, 91-9. DiGabriele, J. (2008). Litigation Support and the Forensic Accountant: ASSEMBLING A DEFENSIBLE REPORT. Forensic Examiner, 17(2), 82-85. DiGabriele, J. A. (2009). FISHBOWL the Forensic Accountant: A Closer Look at the Skills Forensic Accounting Education Should Emphasize. Forensic Examiner, 18(2), 77-79. Fusaro, P. C., & Miller, R. M. (2002). What Went Wrong at Enron : Everyone 's Guide to the Largest Bankruptcy in U.S. History. J. Wiley. Leonard, D., Harrington, A., Burke, D., Rigas, M., Rigas, T., & Cohen, O. (2002). The Adelphia story. Fortune, 146(3), 136-148.