Accounting Procedures

With the large s abidedals involving misrepresentations of fiscal records recently, such as Enron, thither is a need for investigations beyond the accounting auditor capabilities. A fall at the different qualifications of a forensic accountant or more specifically a invention auditor leave show that this position would fill those needs. This paper allow for captive at what a bilgewater auditor does and how it is different than what a regular auditor does. It volition also bear at some of the qualifications needed to become a lampoon auditor. umpteen would esteem an auditor and a fraud auditor were fundamentally the aforesaid(prenominal) thing. A look at what each position does will show they atomic number 18 not. An auditor of financial record is flavor to see if the compeverys financial records they be auditing lead been prep atomic number 18d consort to GAAP (general accepted accounting practices). succession do so an auditor is not very believably to uncov er fraud. A fraud auditors, on the other hand, master(prenominal) purpose is to look for signs of fraudulent activities. Usually a fraud auditor is asked to make out an audit after there has been some suspicious activities reveal where as an audit qualification be make because of genuine questionable activities it is usually done on a bimonthly basis regardless of any circumstances. What is a fraud auditor looking for exactly? The fraud auditor is looking for the extraordinary as opposed to the usual.

The cash in accounts are an area which fraud is usually found. When employees are snarled in fraud a f raud auditor can sometimes tell which employ! ees are involves. The following types of accounts are typic fraud tar disturbs: - Payable, payroll, benefits, and expense accounts- these are typical targets of lower-level employees - Profits, deferred expenses, salaries, revenue, inventory - these are in the typical targets of higher-level employees ( role player auditing... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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