Accounting Procedures

With the large scandals involving misrepresentations of financial records recently, such as Enron, there is a need for investigations beyond the accounting auditor capabilities. A attend at the different qualifications of a forensic accountant or more specifically a invention auditor give show that this position would fill those needs. This paper allow for intent at what a fraud auditor does and how it is different than what a regular auditor does. It will also bear at some of the qualifications needed to become a fraud auditor.

Many would esteem an auditor and a fraud auditor were basically 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 have been prepared consort to GAAP (general accepted accounting practices). While do so an auditor is not very likely to uncover fraud. A fraud auditors, on the other hand, main 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 might be done 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 accounts are an area which fraud is usually found. When employees are involved in fraud a fraud auditor can sometimes tell which employees are involves. The following types of accounts are typical fraud targets:

- 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...

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