Forensic Accountant Skills, Ethics, and Fraud Cases
Forensic accountants must maintain skills in accounting, auditing, investigation, business, and human behavior to properly conduct a litigation investigation. An analytical mind is required to know the correct questions to ask and be able to gather the correct evidence to present in a court against cross examination. They are required to practice ethics, including integrity, confidentiality, etc., at all times.
Sarbanes-Oxley Act of 2002: Overview, Impact, and Case Law
During the past few decades, the number of white-collar business fraud cases seemed to increase dramatically. Due to an immense interest and press investigations, these crimes were brought to the publics' attention,…
Liberal Arts Education: Should College Students Take Courses Outside Their Major?
This paper debates the value of college students taking courses outside of their major field of study. This essay argues that the study of history, literature and philosophy are important to teach students how to think and instill common values. The current trend toward specialization is depriving students of the knowledge of important areas of thought, philosophical and religious controversies, the outline of history and major works.
Whistleblowing Ethics in the Enron Scandal: A Moral Analysis
Ethics dilemma and The Enron case: Our MBA is not really aware of what is going on; all he has is assumptions, guesses. He has no actual proof. In the first case, he has had suspicions of several transactions – their accounting practices seem suspect - and he has pointed out his concerns to the CFO. He has then been assured that all is fine and that they know what they are doing. In the garden, you hear the CFO speaking with some high-ranking person from Arthur Andersen. They speak about the practice of inflating Enron earnings and transferring debt to partners. The discussion has something to do with the sustainability of the practice and the possible consequences of discovery. Then you hear someone say that "It's really too late. We either make it work or the jig is up, and we try to contain the damage. In either case we all know what we should do with our stock." Since all of this is hearsay, however, and indirect, all you have to go on is, ultimately, conjecture. You may be correct in suspecting something but you do not have absolute proof.