Forensic Accounting Essays (Examples)
Study Document
Banking Industry Crimes
… investigate the present criminal activity, I would essentially track financial transactions in the concerned accounts with an aim of coming up with a forensic reconciliation. In this particular case, affidavits should be presented clearly indicating that the victims did not initiate the transactions in question. In seeking ……
References
References
Albrecht, W.S., Albrecht, C.C., Albrecht, C.O. & Zimbelman, M.F. (2008). Fraud Examination (3rd ed.). Mason, OH: Cengage Learning.
Dionne, B. (2020). Regions Bank Teller Accused of Stealing Customer Identities Faces Felony Charges. Retrieved https://www.wbrc.com/2020/01/30/regions-bank-teller-accused-stealing-customer-identities-facing-felony-charges/
Golden, T.W., Skalak, S.L. & Clayton, M.M. (2006). A Guide to Forensic Accounting Investigation. Hoboken, NJ: John Wiley & Sons.
Krancher, M., Riley, R. & Wells, T.J. (2010). Forensic Accounting and Fraud Examination. Hoboken, NJ: John Wiley & Sons.
Singleton, T.W., Singleton, A.J. & Bologna, R.J. (2006). Fraud Auditing and Forensic Accounting (3rd ed.). Hoboken, NJ: John Wiley & Sons.
Zagaris, B. (2010). International White Collar Crime: Cases and Materials. New York, NY: Cambridge University Press.
Study Document
Net Worth Theory And Corporate Fraud
Danske Bank's Money Laundering Scandal
Madinger (2006) points out that the net worth method is among the most common used in accounting forensic when it comes to detecting illegal income, such as by way of money laundering. The case of Danske Bank and its money laundering … the foundation for proceeding into the next stage of investigation (Madinger, 2006).
This phase starts by looking at assets valued at cost without accounting for depreciation or appreciation. With Danske, “the Estonian branch generated 11 per cent of Danske’s total profits before tax that year, despite only … for depreciation or appreciation. With Danske, “the Estonian branch generated 11 per cent of Danske’s total profits before tax that year, despite only accounting for 0.5 per cent of the bank’s assets” (Milne & Winter, 2018). In other words, assets were not aligning with income. Because 99% … bank’s customers were non-Estonian customers, it was……
References
References
IRS. (2017). Retrieved from https://www.irs.gov/irm/part9/irm_09-005-009
Madlinger, J. (2006). Money laundering: A guide for criminal investigators. CRC Press.
Milne, R. & Winter, D. (2018). Danske: anatomy of a money laundering scandal. Retrieved from https://www.ft.com/content/519ad6ae-bcd8-11e8-94b2-17176fbf93f5
Schwab, R. D. (1961). The Civil Aspects of the Net Worth Method. Wm. & Mary L. Rev., 3, 65.
Improve your studying and writing skills
We have over 150,000+ study documents to help you.
Sign Up for FREE
