Presented at DeepSec 2017 „Science First!“
As of late, Forensic Accounting seems to be the fastest growing area of accounting. The Association of Certified Fraud Examiners (ACFE) - the world's largest anti-fraud organization - states that "Forensic Accountants combine their accounting knowledge with investigative skills in various litigation support and investigative accounting settings"; or more detailed: they are performing forensic research to trace funds and identify assets for recovery, conducting forensic analysis of financial data, and preparing forensic accounting reports from financial findings and analytical data for litigation. All in all, they are forced to grasp the substance of situations and look beyond the numbers. (http://www.acfe.com) In the Guide to Forensic Accounting Investigations (edited by Golden et al., 2011), Skalak et al. state that an audit responds to the risk of fraud, while forensic accounting investigation responds to allegation, suspicions, or evidence of fraud. The latter is examined by various current studies.
This contribution gives an overview of "What" is forensic accounting, "Why" it is needed, "What" techniques and practices exist and skills of accountants are important, as well as "How" it works (forensic data analysis) and may benefit business. Furthermore, ways of prevention, risk factors, indicators for internal offenders as well as starting points for trends and future research will be presented.
- University of Innsbruck
University of Innsbruck, Dr. Ulrike Hugl
Prof. Ulrike Hugl is a senior scientist and lecturer at the University of Innsbruck (School of Management), Department of Accounting, Auditing and Taxation. She is a member of various scientific committees of international conferences and a reviewer of several journals. Her research mainly focuses on new technologies with impacts on information security and data protection of organizations, as well as on occupational/corporate crime (especially insider threat) and industrial espionage issues.