ACC705: Trimester 2 2017:

Tutorial 2

Coverage: Lecture _Topic 1_Part 2

Question 1:

Define forensic accounting investigations.

It is gathering and analysis of all crime related physical evidence in order to come to a
conclusion about a suspect.

Question 2:

State some of the similarities between audit examination and forensic accounting
investigations.
Audit examination and forensic accountants both audit the accounts. But the auditor audits and
gives recommendation in internal controls, however forensic accounts audit and evaluate crime
related physical evidences.
Question 3:

State some of the differences between audit examination and forensic accounting
investigations.
The audit is to only audit and prepare report of misstatement and forensic accountants
evaluate crime related activities and proceeding for legal actions.
Question 4:
Define corporate governance and state some types of decisions that can be undertaken to
ensure “good corporate governance”.
Is a system of rules , practices and processes by which a company directed and controlled.
Essentially balancing shareholder, management, customers, suppliers, financiers ect
Question 5:
Find out the auditing standards that are used by the auditors in Fiji and prescribed by Fiji
Institute of Accountants.

Question 6:

1
How can “research” be used under forensic accounting?
Question 7:
Differentiate between fraud and error. How can you as a forensic investigator, determine that a
person had the intention of committing a fraud rather than an error?
Question 8:
What causes fraud to occur? Why do people commit fraud?
Question 9:
Does Fiji need forensic accountants? Why or why not?

Question 10:
Why is it important to co-operate with forensic accountant during investigation process. What
are the things you can do to show co-operation.

Class Presentation:
Read the research paper uploaded in the Moodle on “FORENSIC ACCOUNTING
(A GREAT WEAPON AGAINST ACCOUNTING FRAUDS AND MALPRACTICES IN CORPORATE
WORLD)” and provide a summary on it.