answersLogoWhite

0


Best Answer

organizations lose an estimated $670 billion per year (approximately 6 percent of all small businesses' annual gross revenue in 2004) to fraud and abuse

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What current state of affairs underscores the need for forensic accounting and fraud examination?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Current affairs in India?

If i am right you are looking for current affairs in India , You may be preparing for any competitive examination , while it is worth reading the current affairs at exampappa dot com current-affairs section , it is very crisp and up to the point


Definition of Forensic pharmacy?

Forensic Pharmacy deals with the application of scientific knowledge to legal problems and legal proceedings. For example, in forensic anthropology, forensic dentistry, forensic experts, forensic medicine etc. The word "forensic" comes from the Latin word "forensis" pertaining to a forum. In ancient Rome the forum was a market place where people gathered, not just to buy things, but also to conduct all kinds of business, including that of public affairs. The meaning of "forensic" later came to be restricted to refer to the courts of law.


What is accounting entity assumption?

A business enterprise (entity) has an existence separate from the private financial affairs of its owner/s. The accounting records of the business are separate from the personal financial records of the owner


The meaning of accounting standards?

Accounting as a "language of business" communication the financial results of an enterprise to various interested parties by means of financial statmetns which have to exhinit a "true and fair" view of its state of affairs. Accounting standards which seek to sugest rules and criteria of accounitng measurements, have to keep the set of rules, social needs, legal requirments and technological developmetns in view. Formulation of proper accounting standards, therefore is a vital step in developing accounting as a business lanuguage.


What are the objective of accounting?

The basic objective of accounting is to maintain the records of daily business transactions carried out by the company to give a true representation of the state of affairs, including position of assets and liabilities at the end of the financial year.If no accounting is done, the business will operate in a hapazard manner like a race horse with both eyes covered. Without proper accounting, no business house can survive in this era of stiff competition.


What is a general administration department?

A non-specific department in a company, handling general business affairs and, perhaps including Human Resources and Accounting Depts, but not Engineering, Quality Control, Shipping, Receiving etc.


What actors and actresses appeared in Crackerjack - 2014?

The cast of Crackerjack - 2014 includes: Alex Cuadros as The Donovan Cassandra Federman as Internal Affairs Agent Cassandra Federman as Internal Affairs Agent Trinity John Michael Herndon as News Anchor Dawn Noel as Eve Dawn Noel as Forensic Photographer Ernest Pierce as Detective Ramos Prisilla Weckesser as Prisilla Weckesser


internal affairs?

internal affairs


What type of pc compliance software is necessary for a construction business?

You mostly need accounting software, in order to keep up with the day to day business affairs. This is really the only sort of software that you need as far as compliance software.


True or false your credit rating may be checked when you apply for a job?

That is a true statement, particularly if you are in accounting, working for a bank or other financial institution. Your credit rating really does indicate how well you follow up and handle your affairs.


Why is the accounting entity concept so fundamental that it pervades all of accounting?

The type of entity dictates the entries to be made for certain transactions. For instance "withdrawals" from sole proprietorships, partnerhips and corporations are recorded (and taxed) differently. That's boiling the issue down to an absolute minimum, and perhaps oversimplyfying it, as there are tax regulation differences between (within) various types of corporations and partnerships that affect the recording of transactions even more.


Both the federalist and the democratic republicans believed that the country should?

Stay out of foreign affairs.