Serious Economic Crime and the Use of Forensic Accounting
Toby Duthie, Partner, Forensic Risk Alliance, USA
Frances McLeod, Managing Partner, Forensic Risk Alliance, USA
The growth in demand for specialist forensic accounting skills is a direct reflection of both an increased awareness of the importance of good corporate governance and ethics globally, and increased levels of economic crime - and therefore regulation and enforcement - internationally. Society is becoming far less tolerant of unethical behaviour and, increasingly, the financial markets are seeing robust corporate governance as a “must have” rather than a “nice to have”. At the same time, economic crime is growing exponentially, with cybercrime - thanks to our increasing dependence on technology - raising its ugly head as the latest threat, alongside asset misappropriation, accounting and procurement fraud, investor and market fraud, bribery and corruption, anti-trust violations, and money laundering.
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