The Strategy Of Growth In Economics

1391 words - 6 pages

Using Teams In production and Operation Management
Five Skills a Forensic Accountant Need to Possess

Determine the most important Five Skills that a Forensic Accountant Needs to Possess.

The down slope in the economy has driven a new demand of accountants in the job market. The economy is at all-time low so the government is scrutinizing and penalizing businesses for inappropriate accounting scandals. Recent incidents of fraud have been noted in the media weekly. The new field of accountants has companies like Enron, Tyco, and WorldCom to thank for their new demand. The employees of these companies have plot, planned and manipulated the system. They have used schemes like the Ponzi ...view middle of the document...

However, when considering a career in Forensic accounting it is imperative. Accountants need to be able to communicate effectively and efficiently especially when they write their reports. Investigators who present their evidence in court use their communication skill to convince the jury or the judges that there are credible professionals in the field.
A Forensic Accountant gathers information from numerous of sources to provide insight to the court so they are very tactful and have developed a plan to catch the scammer. The investigators will use their strategic critical thinking skill which is their ability to know the right questions to ask the perpetrator, gather insight on the company’s culture, make a decision on their hypothesis, create and communicate a vision. The accountant should be able to dissect any fraudulent activity by identifying strengths, weaknesses, opportunities, and threats that the perpetrator has displayed.
Forensic Accountants have to have intense background in accounting and be very knowledgeable with financial software and systems. The definition of their jobs can be described as the use of accounting, auditing, and investigative skills to assist in legal matters. (Houck et al. 2006). They are trained in areas of investigation, detection and various auditing techniques. Most of them are experience auditors and /or accountants. Harris and Brown (2000) mentions that a forensic accountant should demonstrate skills in rules of evidence and the law, analytical and investigative skills identification of patterns of abuse, excellent interpersonal and communication skills, and outstanding organizational skills.
Fraud investigators have to process leadership qualities when investigating fraud cases. They take authority in difficult and stressful situations. They are able to influence and inspire the people on their team to reach a goal or a final decision on specific cases. Fraud accountants that have the leadership trait are credible, accountable and responsible people. The have to process these above qualities to be consider accountable to the legal system. Practicing professionalism and ethical behavior is also another skill that the investigator has to achieve. Investigators are not only dealing with assets of and enterprise but they also are dealing with the accountability of the perpetrators lives. Investigators have to act objectively with integrity and conscientious. They have to be consistent and able to adapt to change. Uphold a code of ethics and morals that will develop them professionally. The golden rules of any job that deals with money or people’s lives is that they have to practice confidentiality. Fraud investigators should demonstrate self- control, self- confidence, pay attention to details and be able to work independently as- well- as with a team. Investigators must present themselves in an appropriate manner in order to be taking seriously amongst other professionals.
Describe the role of a...

Other Essays Like The Strategy Of Growth In Economics

Growth of Cosmetics Market in India

4168 words - 17 pages A. EXECUTIVE SUMMARY Aim : To study the growth of cosmetics industry in India. Women cosmetics market growth on a period of time along with a strong increase in male cosmetics market. Cosmetic brands promotions and advertisements in attracting customers. Consumer behavior in accordance with the utility drawn from the usage. Medicinal & Herbal/Ayurvedic Cosmetics market & Fake cosmetic industry in India. Methodology : A sample survey

Report on Population Growth in the Caribbean

735 words - 3 pages CARICOM aims to analyse the population growth rates of individual countries and the entire region to assist in making informed decisions. The Council for Human and Social Development (COHSOD) has assigned a team to analyse the birth and death rates for the past 11 years in six member states and write a report on the population growth rate in these states and the region as a whole. From the data analysed the following observations and conclusions

“to What Extent Was Rapid Economic Growth the Cause of Social Tensions in Wilhelmine Germany?”

1952 words - 8 pages “To what extent was rapid economic growth the cause of social tensions in Wilhelmine Germany?” In Wilhelmine Germany, an industrial revolution was taking place. By 1910, Germany had almost caught up with Britain on the production of industries such as coal and steel, with the rate of growth overwhelmingly surpassing that of the Britons. Germany was also home to new industries, like that of chemicals, which quickly saw 90% of the world’s hair

Discuss China in Terms of Being the “Middle Kingdom, ” Population Growth Issues, and Industrialization

679 words - 3 pages " page for specific format requirements. Discuss China in terms of being the “Middle Kingdom,” population growth issues, and industrialization. China, one of the United States leading resources in products brought in to the states. China is one of the more advanced in the industrialized world, they are known as Zhōngguó this translates as "central nation" or (traditionally) as "middle kingdom" (China History Forum, #2, Pattie, 02 August 2009

Tracking the Growth of India's Middle Class

3594 words - 15 pages even the people of Goa [ Images ] have set aside SEZs," she adds. Roy these days is actively working in Rajasmund district of Rajasthan with the rural poors. Tracking the growth of India’s middle class Over the next two decades, the country’s middle class will grow from about 5 percent of the population to more than 40 percent and create the world’s fifth-largest consumer market. AUGUST 2007 • Eric D. Beinhocker, Diana Farrell, and Adil S

The Father of Economics - Adam Smith

3176 words - 13 pages called The Moral Sentiments and The Wealth of Nations (Ross) In these works he analyzed two the most important social and individual areas of life, spiritual and materialistic, he tried to philosophically justify the already mentioned era changes as the ones that are best fitting humanity, the spiritual being of nations and ensuring the material well-being. The book called The Wealth of Nations earned the title of the “father of economics” title for

Marketing Strategy of Vodca in China

4340 words - 18 pages ’ badges. The super-premium vodka segment remains untapped but has potential given the growth of the modern on-trade sector and the Chinese penchant for high-end purchasing. 1.3. Iceberg - Company and Product Overview Canadian Iceberg Vodka Corporation was incorporated in 1994. In January 1995, the company announced that it would work with the Newfoundland Liquor Corporation to produce ultra-premium vodka made by from harvested 12,000 year-old

The Importance of Economics and the Understanding of the

1096 words - 5 pages Running Head: THE IMPORTANCE OF ECONOMICS AND THE The Importance of Economics and the Understanding of the Circular Flow Model and its Place in Society ******* *************** Abstract Economics as a whole is a tool for understanding and studying production, distribution, and consumption of goods and services. Economics is concerned with the resourcefulness of scares resources with an optimum contentment of economic wants. Human

Critically Discuss The Practice And Theory Of Strategy Development Processes In Your Chosen Organisation

2627 words - 11 pages Task: Critically discuss the practice and theory of strategy development processes in your chosen organisation. In your discussion, include some implications for the "learning organisation" concept in relation to strategy development in your chosen organisation.This sub-task of the essay will address how strategy development processes and implications for the "learning organisation" concept in relation to strategy development are applied in

The Sars Epidemic in 2003 Relevant Economics Variables in China

1535 words - 7 pages can see, during the SARS time the GDP just dropped a bit. A group of Chinese Academy of Social Sciences economic experts delivered an analysis on China‘s post-SARS economy development, which reported the negative impact of SARS on China’s economy did not exceed one percentage point in growth of GDP. The achievement was a hard-won successful one after the outbreak of the severe acute respiratory epidemic and frequent natural disasters. In

(a) with the Help of Figure, Explain Three Economics Concepts That Are Represented in the Production Possibilities Frontier

1737 words - 7 pages BBC403: MICROECONOMICS FINAL GROUP ASSINGMENT Group A1 DANIYA ILYASSOVA SAMAL KUSSANOVA MAOOTAZ TORKMAN BEB140007 YUNUSMETOV RUSLAN BEA130004 AZRIANNA ALYSSA AZMIL BEE140005 BBC403: MICROECONOMICS FINAL GROUP ASSINGMENT Question 1 (a) With the help of figure, explain three economics concepts that are represented in the production possibilities frontier

Related Papers

The Growth Economics Of Singapore Essay

1939 words - 8 pages The Economic Growth of Singapore Nowadays, the economic growth of Singapore has been dramatic. As Singapore only has a small planet and not too many natural resources, the centre economics in Singapore focuses more on exporting and importing. Singapore was interested in industrialization and international trades. “The trading economy had by the late 1950s resulted in high rates of unemployment and underemployment. The immediate task of

Economics And Marriage In Taming Of The Shrew

1212 words - 5 pages Economics and marriage in Taming of the Shrew Taming of the Shrew emphasizes the financial aspects of marriage specifically how economic considerations determine who marries who; it gives us a insight into how marriage worked during early modern era. The play tends to focus on romantic relationships from a social view, looking at the institutions of courtship and marriage rather than the actual love of couples. The text displays Katerina

Unemployment In The Progression Of The Gear Strategy

1569 words - 7 pages and Development Programme) was adopted to do as the name suggests: to reconstruct and develop the country. In 1996, the government adopted a new macroeconomic strategy called Growth, Employment and Redistribution (GEAR). In this essay, I will analyse and discuss the main objectives of the GEAR strategy so as to evaluate the progression of the strategy since was first adopted in 1996. In evaluating the progression of the GEAR policy, it is

Economics Of The Automotive Industry Essay

2503 words - 11 pages in the book Principles of Economics, "an externality arises when a person engages in an activity that influences the well-being of a bystander and yet neither pays nor receives any compensation for that effect (p. 204)." Externalities can be positive, or they can be negative. In the automobile industry, there are two widely-known negative externalities. They are exhaust emissions and traffic-related stress. According to an article published by