What Does Forensic Mean? Essay

3743 Words Feb 10th, 2014 15 Pages
1. What does forensic mean?

From Latin forensis ‘in open court, public,’
- Relating to, used in, or appropriate for courts of law or for public discussion or argumentation.
- Of, relating to, or used in debate or argument; rhetorical.
- Relating to the use of science or technology in the investigation and establishment of facts or evidence in a court of law: a forensic laboratory.


2. Define forensic accounting.

Forensic accounting is a type of accounting which unites investigation accounting and litigation support to provide an accounting analysis that is suitable for court.

3. What are the key components of the definition of forensic accounting?

Forensic, accounting, time,
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What is the phrase and who published the book?

Kalman A. Barson, Investigative Accounting

24. What book introduced the structural and behavioral consideration of fraud? What is the iceberg theory?

“Fraud Auditing and Forensic Accounting: New Tools and Techniques”
Iceberg theory: “many of the behavioral considerations lurk beneath the surface, posing a danger to the unsuspecting auditor”

G. Jack Bologna and Robert L. Lindquist, FRAUD AUDITING AND FORENSIC ACCOUNTING: NEW TOOLS AND TECHNIQUES (2d ed.) (New York: John Wiley & Sons, 1995), p. 37.

25. e.Decisions on the case

26. What situations did Wayne Bremser suggest are active areas for forensic accountants?

Antitrust, commercial contracts, patent infringement, trademark and copyright infringement, product liability, mergers and acquisitions, insurance claims, shareholder suits, reorganization and bankruptcy, taxation, malpractice, and corporate fraud.
Ibid., p. 2.

27. What unpredicted audit steps did the Panel on Audit Effectiveness suggest in 1998?

Auditors should perform some "forensic-type" procedures during every audit.

28. What is meant by the forensic-type fieldwork phase of an audit?

Auditors should be more skeptical.

29. All of the above

30. An AICPA Fraud Task Force suggests that if a forensic accountant is brought into an audit to conduct a separate investigation (and not an adjunct to an audit), what standards

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