FSC239Y5 Lecture Notes - Lecture 34: Good Governance, Bitcoin, Internal Audit
Document Summary
To expand your horizons beyond the scientific. To discuss a field that may be of interest: when you run into serious problems personally, when forensic accounting may help with a case, as a future field of endeavor. Is concerned with searching for resolving financial crimes, and providing expert advice to clients, lawyers, court. Forensic accountants understand business, finance, and accounting and are well placed to investigate financial crimes and provided the needed advice. Some areas of specific matters: bribery, fraud cyber crime, money laundering, fraud risk assessment and prevention, financial dispute resolution, asset tracing & recovery, dispute resolution damages, divorces. Forensic analyses and reports may go to court. The typical organization loses an estimated 5% of its annual revenues to occupational fraud. Forensic accounting & investigation, fraud & cybercrime/introductory overview. Fraud prevention, risk assessment & investigation, data analytics & security. Money laundering (clean money for drugs), asset tracing & recovery, & international aspects of fraud.
