Utilizing ‘‘intelligent’’ computer applications, such as Oracle-based ones, the data mining
professionals cooperate closely with company personnel in identifying high-risk areas by
detecting unusual book-keeping, obscure facts, trends or inconsistencies in the financial
statements (Golden et al., 2006). We are dealing with supremely delicate work, and Bruce
Dubinsky, one of the leading forensic accountants, advises: ‘‘Keep in mind that this area is
chock full of landmines. . . Firms have to be fully committed. You have to make a
commitment, and you have to train your staff properly’’ (Kahan, 2006). Analysts forecast that
in the next five years the corporate scandals that have shocked the world in the past five
years will gradually disappear and be replaced by proactive company actions aimed at
strengthening control mechanisms and internal controls that will discourage, deter or
discover fraudulent activity (Kahan, 2006). Since crime does not give up, it is obvious that
the future will bring a growing demand for forensic accounting services. In spite of all the
efforts and invested funds, most frauds are still discovered by accident.