CHARACTERISTICS OF A FORENSIC ACCOUNTANT IN FRAUD DEFECTION AND PREVENTION

For a forensic accountant to perform his duty fully well, he must posses some qualities or features, which includes:-
(i)          Curiosity – A strong desire to know or learn something
(ii)       Persistence – He must have the ability of doing his work not minding the difficulties he might encounter during his work. Refusing to give up in any negative situation he might meet.
(iii)     Creativity – He must be a person who knows how to apply his skills and imaginative mind to work. Creating something out of nothing.
(iv)     Discretion –A forensic accountant must be careful in all his deeds and able to pass a right
judgment after his investigation. He does the right thing and say the truth.
(v)        Confidence – A forensic accountant must be one whom people have confidence and trust on. They must believed and relied on in all ramification and should show that in the discharge of their (forensic accountant) duties.
(vi)     Analytical –He should be able to study or examine things in details. And also give his judgment in a detailed form. That is, he must be detailed oriented as well.
(vii)   Ethical –He must be somebody who has moral principals that is morally correct and has rules that guides his actions.
(viii)Initiative- He must have the power of understanding situation and people’s feelings immediately without the need for concision reasoning or study.
(ix)     Evaluative –He must have the capability of forming an idea to assess something or value of that something
(x)        Inquisitive –A forensic accountant must be someone who ask questions a lot about what he is investigating on. Other qualities includes
(xi)     Sound professional judgment
(xii)   Insightful
(xiii)Function well under pressure
(xiv) Be skeptic
(xv)   Be responsive
(xvi) Generates new ideas and scenarios
(xvii)    Be a team player
(xviii)  Makes people feel at ease
(xix) Has the ability of organizing

Finally, a forensic accountant must be open to consider all alternatives, scrutinize the fine details and at the same time see the big picture. In addition, a forensic account must be able to listen effectively and communicate clearly and concisely any type of fraud he detects or can be prevented.


Who Retains a Forensic Accountant

            The services of a forensic accountant is need by many, both the private sectors and public. Below are groups that retains a forensic accountant for a proper auditing, investigating, detecting and prevention of fraud.

(i)                Lawyers
(ii)             Police forces
(iii)           Insurance companies
(iv)           Government regulatory bodies and agencies
(v)              Banks
(vi)           Courts
(vii)         Business communities etc.
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