Forensic Accounting Masters Mastering the world of forensic accounting through blogging Tue, 08 Mar 2011 17:15:21 +0000 en-US hourly 1 20 Portable Apps Every Accountant Should Have on Their USB Drive Tue, 08 Mar 2011 16:41:38 +0000

A portable USB drive makes life so much easier. Rather than carrying a laptop with you when you travel, simply have the files and applications right on your USB drive that fits on your keychain. Then, wherever you are, you can get to your information and applications on any computer, as well as save any work you complete. The following portable applications are ones we think those in the accounting profession will really love.

  1. Open Office: The portable free alternative to Windows. It offers a word processor, spreadsheet, presentation tool, database and drawing package. It’s also fully compatible with Microsoft Office documents.
  2. Foxit PDF Reader: FOxit PDF Reader is the Perfect application for reading PDF files.
  3. RQ Money: A quick and easy to use money tool for managing credits and debits. It can produce charts and graphs, too.
  4. Convert: A quick and easy metric conversion tool. Convert distance, temperature, volume, time, speed, mass, etc.
  5. Country Codes: A small and simple database for your USB that contains country codes and other information for 250 countries.
  6. Tree Pad Lite: This is a great little personal database and personal search engine. Store all your notes, documents, emails, etc, into a file. It navigates very much like Windows Explorer, so there’s no learning curve.
  7. Drive Manager: This is a small tool that lets you retrieve drive information for all your drives quickly and easily. You can view all drives at a glance.
  8. YamiPod: Great iPod manager for your USB drive.
  9. RoboForm2Go: This is a great password manager tool and form filler. It keeps all your passwords secure and in one place and it remembers your information for filling out forms online.
  10. Notepad++: If you like Notepad, you’ll love this portable Notepad alternative. It uses very little space on your drive, and looks just like Notepad, but with a few other bells and whistles.
  11. G Disk: Turn your Gmail account into a portable hard drive. This allows you to always have your important files all across the internet with you on your USB.
  12. GIMP: GIMP is a great portable editor for your digital photos. It closely resembles how Photoshop works. While it’ s likely that you don’t want to do any serious photo editing when you travel, this one makes it easy to do quick edits.
  13. GnuCash: Take all the portable financial information with you with GnuCash. It has all the features of most commercial money management programs.
  14. Finance Explorer: This is a personal finance and budgeting software that’s portable and easy to use. It’s compatible with Money and Quicken downloads.
  15. Speedcrunch Portable: A portable algebraic calculator for your USB drive. Make calculations quickly and easily.
  16. Money Manager EX: This portable application lets you keep track of your finances at a glance.
  17. To Do List Portable: This is a simple to use task management tool. What’s cool about it, besides the fact that it’s portable, is that it makes it easy to subdivide tasks into manageable segments.
  18. Gnumeric Portable: This is a full featured spreadsheet application that works in a variety of formats.
  19. Libre Office: Another full featured spreadsheet application.
  20. Task Coach Portable: Another great “to do” list application. In addition to working on your USB drive, you can use it on your iPod, or a CD.

Whenever you choose USB applications, it’s important to ensure that they leave none of your personal information behind. These applications, and most you find online today are secure enough that you can use them anywhere without worry that your personal information has been compromised.

Another great thing about portable USB applications is that they are typically free or can be obtained at very little cost. Their low prices make it easy for you to truly have everything you need at your fingertips on your drive.

Traveling with a USB drive, whether for a business trip to see a client or on a personal vacation, makes it much easier to travel “light”. We’re certain you’ll enjoy these and many other portable USB apps you can find to make your work and personal life that much easier.

Top 50 Forensic Accounting Blogs Wed, 15 Dec 2010 09:00:55 +0000

The list of the top 50 forensic accounting blogs below shows the wide range of jobs in forensic accounting. Investigation is key, along with dissemination of information, law and governance in maintaining financial security for investors, home owners, employees and tax payers. Finding fraud can be fun, and — considering this list includes just a few of the hundreds of forensic sites on the Internet — a possibly lucrative field.

ArsonForensic Investigation

  1. Asset Search Blog: Fred Abrams located tens of millions of dollars hidden in offshore tax havens and filed legal proceedings worldwide to seek discovery from foreign bank witnesses.
  2. Control Freak: This blog focuses on the details of government fraud, risk, whistle-blowing and much more.
  3. Forensic Accounting Services Blog: Stephen Pedneault specializes only in forensic accounting, employee fraud and litigation support matters.
  4. Forensic Focus Blog: Thoughts and musings on computer forensics from Forensic Focus.
  5. Going Concern: Accounting news for accountants and CFOs that includes news about fraud and the Big 4.
  6. Professor Fraud: William Kresse, associate professor at the Graham School of Management of Saint Xavier University, is a CPA (Certified in Financial Forensics), an attorney, and a Certified Fraud Examiner.
  7. re: The Auditors: Francine McKenna has more than twenty years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad.
  8. The Accounting Onion: Tom Selling peels away financial reporting issues one layer at a time.
  9. The Financial Investigator: Investigative reporter Roddy Boyd reports on financial and operational prospects of publicly-traded corporations.
  10. The Fraud Files Blog: Sequence Inc. is led by Tracy L. Coenen, CPA, CFF, who has more than 16 years of experience in accounting and investigations.
  11. The Fraud Guy: John Hanson, CPA, CFE, CCEP offers his take on fraud, corporate internal investigations and corporate monitors.

Card SharpsWhite Collar Crime

  1. Banking Horror Stories: The owner of a mortgage fraud investigation company shares his clients’ stories about banks.
  2. Conorix: This site is about mortgage and mortgage backed securities (MBS) fraud, including the lawyers that facilitate them.
  3. Fraud Talk: This blog is intended for attorneys, law enforcement, investigators, regulators and others interested in white collar fraud trends, enforcement and prevention.
  4. Sleight of Hand: Nadine Sebai teaches readers about white collar crime, fraud, business ethics and legal psychology.
  5. The 10b-5 Daily: News and events related to securities class action litigation.
  6. The Daily Caveat: Breaking news on corruption, corporate fraud, white collar crime and investigative research.
  7. White Collar Crime News: A criminal defense attorney in New Jersey focuses on white collar crime.
  8. White Collar Crime Prof Blog: Ellen S. Podgor, professor of law at Stetson University College of Law, maintains this blog.
  9. White Collar Fraud: A convicted felon, former CPA, and former criminal CFO of Crazy Eddie advises law, professionals and businesses on how to identify fraud.

Al CaponeCorporate Governance

  1. 10Q Detective: Analyst David Phillips takes on 8-K and 10-Q SEC filings to find “soft spots” that may materially impact quality of earnings.
  2. Boom Bust Blog: Reggie Middleton is an entrepreneurial investor who guides a small team of independent analysts to uncover truths seldom published in the mainstream media or Wall Street analysts’ reports.
  3. FEI Financial Reporting Blog: Financial Executives International is the preeminent association for CFOs and other senior finance executives.
  4. Footnoted: Footnoted is very focused on the stuff that companies try to bury in their routine SEC filings.
  5. Fraudbytes.: An accounting professor and a doctoral student report news about financial statement fraud and corporate governance.
  6. International Corporate Governance: Allison Garrett is the Senior VP of Academic Affairs at Oklahoma Christian University and a former law professor and former VP and General Counsel of Wal-Mart’s Corporate Division.
  7. SEC Action: This blog covers SEC investigations, civil and criminal enforcement actions, class actions and internal investigations.
  8. The Corporate Library Blog: The Corporate Library is the leading independent source for corporate governance research and risk analysis.
  9. The Harvard Law School Forum on Corporate Governance and Financial Regulation: This blog provides the latest insights into corporate oversight, provided by faculty, fellows, guest contributors and the program advisory board.
  10. The Race to the Bottom: The focus of this blog is to provide a forum for discussing methods to improve corporate governance processes.

TheftIn the Public Interest

  1. Acrimoney: Norb Vonnegut’s posts are non-fiction and describe the culture of finance, with original and sometimes irreverent commentary about people who manage money or affect it through their political power.
  2. Citron Research: Looking along Wall Street for the lemons.
  3. CyberHood Watch: The CyberHood Watch is an online digital community of responsible cybercitizens trying to maintain a safe online life-style.
  4. Don’t Mess with Taxes: Don’t Mess With Taxes aims to keep Uncle Sam cranky by providing tax and personal finance tips and advice that will put more money in your bank account, not the government treasury.
  5. Investor’s Watchdog: From boiler rooms to investment firms, learn more about the war on fraud.
  6. Lies, damned lies and statistics: Learn about consumer behavior, social media and advertising stats.
  7. MediaCitizen: Timothy Karr is the campaign director of Free Press and the Coalition.
  8. Pro Publica: ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. ProPublica was a recipient of the 2010 Pulitzer Prize in Investigative Reporting
  9. ShareSleuth: is an independent Web-based reporting aimed at exposing securities fraud and corporate chicanery.
  10. Street Sweeper: This investigative site uncovers the “dirty little secrets that investors need to know.”

VandalismFinancial Fraud Law

  1. Expert Witness Blog: Formed by a group of practicing attorneys, JurisPro Inc. is a professional marketing company that maintains a free online directory of expert witnesses for the legal community.
  2. Financial Fraud Law: A one-stop resource for the legal issues involving financial fraud.
  3. Investment Fraud Lawyer Blog: Page Perry, LLC has developed special expertise and recognition in the area of fraud and breach of fiduciary duty disputes.
  4. MauledAgain: Prof. James Edward Maule’s commentary on tax law, legal education, the First Amendment, religion and law.
  5. Securities Fraud Blog: Learn if your broker is liable for your losses.
  6. Securities Law Blog: Issues, news and commentary on the law of the financial markets.
  7. Securities Law Prof Blog: Barbara Black, Charles Hartsock Professor of Law at University of Cincinnati College of Law, presents this blog.
  8. Stockbroker Fraud Blog: Shepherd, Smith, Edward & Kantas know the ins and outs of stockbroker conduct and law.
  9. Tax Fraud Blog: Phillips & Cohen LLP, a law firm that represents whistleblowers with information about tax law violations as well as those with information about securities law violations.
  10. Truth on the Market: Academic commentary on law, business, economics and other financial topics.
20 Excellent YouTube Videos to Learn About Forensic Accounting Tue, 19 Oct 2010 01:17:00 +0000

Forensic accounting is defined as a specialty accounting practice where accountants work with figures that are in legal disputes or who perform accounting fraud investigations. The term “forensic” means suitable for use in a court of law, so forensic accounting review numbers and often give expert testimony during trials.

The forensic accountant is a blend of great accounting skills as well as good investigative skills. To enjoy this field, you must be someone who enjoys looking for the information that is buried deep within a company’s finances or other files. If forensic accounting sounds like a field of interest for you, take a look at these 20 YouTube Videos to learn more about this interesting field.

  1. Forensic Accounting Career Information: Learn more about the exam for forensic and fraud auditing and accounting.
  2. What is a Forensic Accountant: Learn more about forensic accounting compared to traditional accounting.
  3. Forensic Accounting Professor: Learn identity information from a forensic accounting professor.
  4. What is Forensic Accounting: A video to explain what forensic accounting is and why it is important.
  5. The Business Society: Forensic Accounting: Learn about career opportunities in the field of Forensic Accounting.
  6. Forensic Accounting: Learn the history of forensic accounting, a relatively new area of accounting.
  7. Forensic Accounting: This video is an advertisement for a Forensic Accounting firm and it explains quite well what a forensic accountant will do during litigation.
  8. Stephen Taylor: Stephen Taylor, an accounting professor, discusses how forensic accounting theory differs from forensic accounting in real practice.
  9. Forensic Accounting Experiment: Watch a real experiment in a deception study conducted by a forensic accounting professor.This one might surprise you.
  10. Kessler International: Learn more about forensic accounting from a forensic accounting firm.
  11. There’s No Crystal Ball: Learn more about the complex inter workings of forensic accounting.
  12. Adam Andrezjewski: This former gubernatorial candidate talks about the state of Illinois’ need for more forensic audits and accounting into the state’s spending.
  13. Deborah Pavelka: Learn about new trends in forensic accounting from a professor of accounting at Roosevelt University.
  14. Qualifications: Learn the qualifications required to become a forensic accountant.
  15. Graduate Jobs in Accounting and Finance: Learn about the job opportunities for graduate level accountants.
  16. Tom Golden: Watch a forensic accountant discuss important fraud information for companies.
  17. M. Martin Mercer: Mercer is an expert witness in forensic accounting and financial fraud.
  18. The Fraud Triangle: Learn the three ingredients for a fraud to happen from Tom Golden, a retired forensic accountant and an expert in the field.
  19. My First Fraud Investigation: Hear Tom Golden, a forensic accounting expert, talk about his very first real fraud investigation. Hear how he discovered it, and what triggered him to look into the books even further than he expected to look. You’ll learn a lot about looking for hidden clues from this story.
  20. Fraud Detection: Learn more about fraud detection and forensic accounting from expert Tom Golden.

Forensic accounting is a very exciting field, and it’s the perfect job for those who are interested in numbers but who also have an interest in the law and in fraud. You’ll use your accounting skills to dig up the information that firms hide and help bring these details to light.

This is a career for the person who likes working with a company’s books but who also thrives on investigation work. In fact, this field is a great choice for a person who has always had an interest in law enforcement but also wants the security and flexibility that comes from an accounting job. Looking for fraud is never easy, but it’s always interesting, particularly if you really enjoy the hunt. So, consider the very interesting and very sought after career of forensic accounting, if you think searching for fraud and bringing financial details to light is something that you would enjoy on a day to day basis. Hopefully these informative videos from You Tube have given you the information you need to make a good decision about the field.

6 Best Crime Dramas on Television Thu, 01 Jul 2010 11:54:40 +0000

A crime drama is understood to be a film revolving various aspects of crime and the criminal justice system. It can be divided further into many categories like drama film, thriller film, mystery film, action film and film noir. However, below are briefed some six best crime dramas on Television.

  1. NYPD Blue: It is an American television police drama set in New York City, around the fictional 15th precinct of Manhattan. Each episode of the drams used to inter mix several plots involving an ensemble cast. The show was developed by Steven Bochco and David Milch and inspired by Milch’s relationship with Bill Clark, a former member of the New York City Police Department that too became one of its producers. The show was broadcast on the ABC network from its start on September 21, 1993 to March 1, 2005.
  2. Dragnet (1952-1959 & 1967-1970): Dragnet, syndicated as Badge 714, is a radio and television crime drama about the cases of a dedicated Los Angeles police detective, Sergeant Joe Friday, and his partners. Dragnet was considered as the most famous and influential police procedural drama in media history. The series let millions of audience to enjoy a feel for the real excitement and work culture of real-life police work.
  3. Law & Order (1990-present): It is an American police procedural and legal drama television series produced by Dick Wolf that premiered on NBC on September 13,1990 and completed its season through May 24, 2010.  When it gone off the air in 2010, it tied with the longest running American drama series of all time with Gunsmoke.
  4. Miami Vice (1984-1989): It is an American television series produced by Michael Mann for NBC. The show became popular for including mix up of music and visual effects to narrate a story. The series starred Don Johnson and Philip Michael Thomas as two Metro-Dade Police Department detectives working undercover in Miami. The drama ran successfully for five seasons on NBC from 1984–1989.
  5. Hill Street Blues (1981-1987): It was an American serial police drama that was first aired on NBC in 1981 and ran for 146 episodes on primetime till 1987. This serial played lives of the staff of a single police precinct in an unnamed American city. The series received quite a good acclaim from its production innovations and was quite influential on serious dramatic television series production in North America.
  6. CSI, New York: It is an American police procedural television series which premiered on CBS on September 22, 2004. This particular show tells about the New York Police Department investigations by there forensic scientists and specialists as to reveal out circumstances and situations after mysterious death and other crimes.
Top 5 Infamous Accounting Frauds in US History Mon, 03 May 2010 05:15:43 +0000

Accounting frauds or corporate accounting frauds are political and business scandals that occur due to the misdeed of trusted executives of large public corporations. These misdeeds includes activities like complex methods of misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets or underreporting of the existing liabilities. These frauds actually happen to be a tip of ice- berg and represent catastrophic failure of the system. Below are some of the famous Accounting frauds of the United States which devastated the organizations by large.

  1. ZZZ Best: A company run by Barry Minkow an American religious leader and ex-convict was doing very good business during 1980s however collapsed by 1987 costing investors nearly an estimated $100 million. He was convicted of fraud and several other offenses and sentenced for 25 years in prison. Presently, he is pastor of the Community Bible Church in San Diego. Now, he is considered as an expert on Fraud.
  2. MiniScribe: It was a disk storage Products Company founded in at Longmont, Colorado in 1980 and grows up into developing voice coil motor designs and became bankrupt in 1990. MiniScribe’s failure was centered on one of the first major accounting scandals in the computer industry, when it lost a supply contract with IBM’s PC division in 1985. It falsified its sales records for several years and was discovered in year 1989.
  3. Phar-Mor: It was a US chain of discount drug stores, located in Youngstown, Ohio, founded by Michael I. Monus and David S. Shapira in 1982. In 1992, when the company had grown to over 300 stores and 25,000 employees, Monus and his CFO Patrick Finn were charged for fraud as they hide losses and moved about $10 million from Phar-Mor to the World Basketball League that Monus had founded. Due to this Phar-Mor had to file for bankruptcy protection and eventually closed down 55 stores and fired 5, 000 employees.
  4. Cendant Corporation: It was a New York-based provider of business and consumer services, especially in the real estate and travel industries. The last CEO of Cendant was Henry Silverman. The company was running quite well when, disastrously, in 1998 Henry Silverman led company into a disastrous merger with CUC International, a direct marketing company where company lost approximately $14 billion, with their stock went down to the rate of $12 from $41.
  5. HealthSouth Corporation: Located at Birmingham, Alabama is one of the largest healthcare services providers in the United States are recognized for its rehabilitation services. It has more than 200 facilities in United States and Puerto Rico. The company was involved in a famous corporate accounting scandal in which its Chief Executive Officer,   Richard M. Scrushy, was accused of falsely reporting grossly exaggerated company earnings to meet up with the expectations of its stock holders.
Master Of Forensic Accounting Online Thu, 22 Apr 2010 06:19:50 +0000

The unprecedented advancements in technology have enabled colleges and institutions to reach out to students rather than them reaching the educational institutions. Education has been brought to students’ door steps, giving them an option to stay home and still achieve their academic endeavors. Keeping a job and taking care of the family while still pursuing educational interests has therefore never been made easier.

The Forensic Accounting profession has become one of the fastest growing areas in accounting, which has seen a simultaneous demand for accountants in areas such as tax investigations, economic crime investigations, specialized audit, fraud management and many more. Forensic accountants learn how to incorporate sophisticated technology in accounting and auditing while investigating white collar crimes or helping with litigation of contracts. They are also furnished with how to navigate some of the most complicated criminal transactions such as money laundering. These professionals might also be called upon to unravel information as witnesses in related legal proceedings.

The Online Master of Forensic Accounting will prepare students to work in companies with big accounting department, especially during these times when companies’ financial reporting practices are under thorough scrutiny. There are also accounting firms that have separate forensic accounting departments that specialize in personal injury claims, insurance claims, royalty issues, fraud among many others. Forensic accountants are also in high demand in insurance companies, banks, police forces, audit committees as well as in government bodies. Students in the program are taught how to use the latest security programs and reporting software and thus giving them an edge in the market.

The Online Master of Forensic Accounting is one course that can help a students get into this interesting profession. It is a program in which flexibility has been put to the core of learning. The best bargain of the program to students is that one does not necessarily need to have an undergraduate degree in either accounting or in business administration to qualify for the course. All a student requires is an accredited university degree in any field as the basic eligibility criteria for the program. Acquiring some of the basic certifications on top of the Bachelors degree is also another way that one can increase credibility and employability in the filed of Forensic accounting.

In addition, a student is required to have a high GMAT score to be eligible for the Master of Forensic Accounting, but this is just one way of making the program accessible to a large number of students without an accounting background. The other underlying benefit to the students is that they will not only earn an Online Master of Forensic Accounting but one will also be given an opportunity to specialize in the filed of forensic accounting. More interesting job options also come in handy after graduating from the program.

]]> 1