Forensic Accounting

BASIC ACCOUNTING &

BIR REQUIREMENT
10th Floor FLT, Global City
January 05, 2016

Prof. Alexis L. Chua, CPA

Prof. Alexis Chua, CPA MBA
August 2021
Far Eastern University
What is Forensic Accounting?
It is the practice of utilizing accounting, auditing,
and investigative skills to determine whether
FRAUD has occurred.

It encompasses two main areas:

• Litigation Support
• Investigation
Litigation Support includes the
following:
What is investigation?
• It is the act of determining whether criminal
matters such an employee theft, securities
fraud ( including falsification of financial
statements), and insurance fraud have
occurred.
• Also it includes searching for irregularities
associated with civil matters, such as search for
hidden assets.
What is Fraud?
It is an intentional misrepresentation of a material
point or issue on which a victim relies.

This reliance usually results in one or more victims

suffering damages.
Evaluation

1. Quizzes
2. Recitation
3. Case Study Presentation
Assignment :
1. Different types of Fraud
2. Difference between Fraud committed AGAINST
the organization and Fraud committed ON BEHALF
of the organization.
3. Difference between criminal and civil fraud laws.
Q&A
THANK
YOU!