This case study focuses on identifying fraudulent issues taking place in the given four situation of Forensic Accounting. It identifies the issue on hand for every situation and goes further to discuss the in details the presence of elements such as coercion, collusion, and concealment.

Introduction

Fraud have been on rise in forensic Accounting creating path for more investigations in order to identify ways in which these frauds arise and suggest possible ways of addressing these issues to ensure efficiency in organization and financial institutions. It is within this context that this paper arises to show some of the ways through which fraudulent acts are committed and various elements which accelerate these unlawful acts. Fraud can be taken to mean any unlawful act committed by management or employees in order to satisfy their financial interests (Zimbelman, 2012).

Following the increased frauds in Forensic Accounting, many firms are looking forward to strengthen their control systems in order to capture frequently occurring frauds. In addition, Forensic Accountants have been exposed to the knowledge of resolving civil disputes and other related criminal prosecutions related to financial crimes. Nevertheless, many firms have subjected their accountants to investigations of employee related financial crimes, professional negligence, business valuation and disputes and financial statement fraud (Albrecht and Albrecht, 2003).

Required

Utilize the fraud triangle to explain how the fraudulent acts are committed, Discuss the conclusion for each situation, the possible ways of addressing the issues being identified.

Answer rating: 100% (QA)

The fraud triangle has served as a metaphorical diagram to aid us in understanding and analysing fraud for decades According to the theory there are t... View the full answer