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Accountancy and forensics?

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Beetle
(@beetle)
Reputable Member
Joined: 17 years ago
Posts: 318
 

I have both a professional degree in accounting equivalent to the US CPA and a MSc in Information Security.

You will find that knowing how accounting records work and being able to look at say, Simply Accounting files, and understanding the postings will help in communicating with the lead investigator in financial frauds. There are prescribed ways that accounting records are structured and maintained and these standards are pretty much universal. Knowledge in this area will also alert you to irregularities in the postings, particularily the allocation of items to accounts. As more and more computer crime is driven by financial gain I would suggest that at least having some bookkeeping knowledge would be helpful.

Ron


   
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(@trewmte)
Noble Member
Joined: 19 years ago
Posts: 1877
 

There are prescribed ways that accounting records are structured and maintained and these standards are pretty much universal.
Ron

Would those be GAAP (General Accepted Accounting Practises)?


   
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Beetle
(@beetle)
Reputable Member
Joined: 17 years ago
Posts: 318
 

There are prescribed ways that accounting records are structured and maintained and these standards are pretty much universal.
Ron

Would those be GAAP (General Accepted Accounting Practises)?

Generally yes, Generally Accepted Acounting Principles which are set by the national governing bodies and maintained by the FASB in the US and the IASB internationally, but a lot of movement is being made toward the IFRS rules to consolidate all practices under a common umbrella. Another area to look at is GAAS, Geneally Accepted Auditing Standards. Here in Canada we all follow the CICA handbook standards.


   
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