Legal And Regulatory Environments And Ethics - 1712 Words

1. Title: legal and Regulatory Environments and Ethics: Essential Components of a Fraud and Forensic Accounting Curriculum Forensic accounting is defined as the action of identifying, recording, settling, extracting, sorting, reporting, and verifying past financial data or other accounting activities for settling current or prospective legal disputes or using such past financial data for projecting future financial data to settle legal disputes. Forensic accountant are very important part of the business for the expert services, legal system such as financial statement analysis on securities and exchange tax, fraud schemes and bankruptcy. However forensic accounting is used for the investigation and prosecution of fraud. (Curtis, 2008) Said, that accounting curriculum needs to be upgraded because accounting professionals or accountants are key player in account management and financial management. Accountants are involved in accounting practices and fraudulent activities therefore there is need for forensic accounting curriculum. Curriculum plays a major role in accountant s professional life because w hat they learn during their studies, they execute it as well. Therefore curriculum needs to be improving and forensic accounting curriculum must be reduced to prevent frauds. Moreover legal and regulatory environment and ethics are key and essential components of a fraud and it should be include in curriculum. (Curtis, 2008) suggested that curriculum needs to be improveShow MoreRelatedB2B vs B2C Legal Ethical And Regulatory Essay890 Words   |  4 PagesB2C versus B2B Legal, Ethical and Regulatory Bob Holland EBUS/400 Milind Modi April 28, 2010 B2C versus B2B Legal, Ethical and Regulatory This analysis will provide the reader with information that explains how legal, ethical and regulatory issues differ on a B2C website compared to a B2B website. 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