<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Economic crime is an increasing threat to the economic development of a state. While the legislative system tries to create tools to detect and prevent fraud, criminals continue to look for ways to commit and benefit from economic crimes, including fraud, money laundering, sanctions avoidance and corruption. Forensic accounting applies scientific techniques and accounting principles to detect fraudulent activities. Due to technological progress, corporate scams have increased enormously, and therefore, the need for forensic accountants has increased.</p>
<p>Professionals specializing in this type of accounting don’t just examine financial statements: they take a holistic approach, incorporating statistical analysis, big data and machine learning, interviews, and physical observation to arrive at the truth – which is just as crucial to due diligence as it is to criminal cases.</p>
</abstract>

Economic crime is an increasing threat to the economic development of a state. While the legislative system tries to create tools to detect and prevent fraud, criminals continue to look for ways to commit and benefit from economic crimes, including fraud, money laundering, sanctions avoidance and corruption. Forensic accounting applies scientific techniques and accounting principles to detect fraudulent activities. Due to technological progress, corporate scams have increased enormously, and therefore, the need for forensic accountants has increased.
Professionals specializing in this type of accounting don’t just examine financial statements: they take a holistic approach, incorporating statistical analysis, big data and machine learning, interviews, and physical observation to arrive at the truth – which is just as crucial to due diligence as it is to criminal cases.

Forensic Accounting, a Tool for Detecting and Preventing the Economic Fraud

Valahian Journal of Economic Studies

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Forensic Accounting, a Tool for Detecting and Preventing the Economic Fraud"}

Economic crime is an increasing threat to the economic development of a state. While the legislative system tries to create tools to detect and prevent fraud,...

Forensic Accounting, a Tool for Detecting and Preventing the Economic Fraud

Publié en ligne: 29 janv. 2024

Pages: 87 - 100

DOI: https://doi.org/10.2478/vjes-2023-0018

Mots clés
forensic accounting, professional accountant, economic fraud, financial statements, reporting standards

© 2023 Gabriela Anghel et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Forensic Accounting, a Tool for Detecting and Preventing the Economic Fraud

Publié en ligne: 29 janv. 2024

Pages: 87 - 100

DOI: https://doi.org/10.2478/vjes-2023-0018

Mots clésforensic accounting, professional accountant, economic fraud, financial statements, reporting standards

© 2023 Gabriela Anghel et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Mots clés
forensic accounting, professional accountant, economic fraud, financial statements, reporting standards