Forensic Accounting Essay
Mohd Sarif Ibrahim and Mazni Abdullah
Department of Financial Accounting & Auditing
Faculty of Business and Accountancy, University of Malaya
50603 Kuala Lumpur, Malaysia email@example.com, firstname.lastname@example.org
Forensic accounting may not be a new field in accounting. However it becomes so important recently and has been an interest to various stakeholders, from the government, investors, and practitioners to regulatory bodies. Corporate failures like the often cited Enron and WorldCom cases have placed forensic accounting into the limelight. The objective of this study is to present the views of practitioners regarding forensic accounting and its current development in …show more content…
The remainder of this paper is structured as follows. The next section will explain the background of forensic accounting. The third section discusses the research methodology in the study. The forth section presents the findings and followed by the conclusion in the final section.
BACKGROUND OF FORENSIC ACCOUNTING
History of Forensic Accounting
Forensic accounting is certainly not a new field. Evidences showed that the profession has been in existence a long time ago though during that time the profession was not yet being called forensic accounting. In ancient Egypt, forensic accountants who inventoried the Pharaohs’ grain, gold and other assets were called the ‘eyes and ears’ of the Pharaohs. Another evidence of the existence of forensic accounting can be traced back to the year 1817 when the accountant who examined the bankrupt’s account was required to testify in the court case (Crumbly, 2001).
Some sources traced the practice’s origin back as far