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Full-Text Articles in Physical Sciences and Mathematics
Defining A Forensic Audit, G. S. Smith, D. L. Crumbley
Defining A Forensic Audit, G. S. Smith, D. L. Crumbley
Journal of Digital Forensics, Security and Law
Disclosures about new financial frauds and scandals are continually appearing in the press. As a consequence, the accounting profession's traditional methods of monitoring corporate financial activities are under intense scrutiny. At the same time, there is recognition that principles-based GAAP from the International Accounting Standards Board will become the recognized standard in the U.S. The authors argue that these two factors will change the practices used to fight corporate malfeasance as investigators adapt the techniques of accounting into a forensic audit engagement model.