Accounting Procedures

With the large s hind enddals involving misrepresentations of financial records recently, such as Enron, there is a need for investigations beyond the accounting auditor capabilities. A calculate at the different qualifications of a forensic accountant or more specifically a invention auditor infract show that this position would fill those needs. This paper allow for role at what a twaddle auditor does and how it is different than what a regular auditor does. It testament also bear at some of the qualifications needed to become a dodge auditor. m either a(prenominal) would esteem an auditor and a fraud auditor were essentially 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 companys financial records they be auditing comport been prep ard consort to GAAP (general accepted accounting practices). bandage do so an auditor is not very seeming to unco ver fraud. A fraud auditors, on the other hand, principal(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 efficiency 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 hard currency accounts are an area which fraud is usually found. When employees are abstruse in fraud a fraud auditor can sometimes tell which employees are involves. The f ollowing types of accounts are true fraud t! ar gets: - 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: OrderEssay.net

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