As an investigator a Professional Forensic Accountant can be seen as those who are specialist in
fraud detection, and particularly in documenting exactly the kind of evidence required for
successful criminal prosecution; able to work in complex regulatory and litigation
environments; and with reasonable accuracy, can reconstruct missing, destroyed, or deceptive
accounting records. Meanwhile, as an economist, they are particularly effective at economic
loss, damage and social harm estimates; familiar with the assumptions, algorithm, and
calculations in econometric models and opportunity cost scenarios; can measure and quantify
such things as loss of goodwill and reputation. Finally, as an appraiser, forensic accountants
should be able to reliably express informed opinion on matter of business value, based on
generally accepted theory; effective at evaluating the historical and projected degrees of risk
and return of any going concern as well as any and all financial transactions involving assets,
property taxes, and equities (Bologna and Lindquist, 1995).
As an investigator a Professional Forensic Accountant can be seen as those who are specialist infraud detection, and particularly in documenting exactly the kind of evidence required forsuccessful criminal prosecution; able to work in complex regulatory and litigationenvironments; and with reasonable accuracy, can reconstruct missing, destroyed, or deceptiveaccounting records. Meanwhile, as an economist, they are particularly effective at economicloss, damage and social harm estimates; familiar with the assumptions, algorithm, andcalculations in econometric models and opportunity cost scenarios; can measure and quantifysuch things as loss of goodwill and reputation. Finally, as an appraiser, forensic accountantsshould be able to reliably express informed opinion on matter of business value, based ongenerally accepted theory; effective at evaluating the historical and projected degrees of riskand return of any going concern as well as any and all financial transactions involving assets,property taxes, and equities (Bologna and Lindquist, 1995).
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