Serious Economic Crime and the Use of Forensic Accounting

Abstract

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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