What is it about?

This paper not only highlights the extensive roles which forensic accountants are increasingly assuming, but also their importance in an evolving and digitally impacted financial environment.

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Why is it important?

This is important in respect of the rising popularity and global market capitalization of virtual currencies and the increasingly growing crypto asset industry. Recent developments in the field of audit and digital analytics also highlight their relevance - as well as the value of their expertise in assisting, facilitating securities regulators as well as ensuring that appropriate accountability systems and safeguards (particularly detection controls) are functioning effectively within the system of internal controls and corporate governance.

Perspectives

Forensic accountants will assume an increasingly important role - not just in relation to the banking sector, monetary policy setting, macro prudential standards and regulations, but also in respect of the insurance and securities sectors.

Prof Marianne Ojo
Northwestern University

Read the Original

This page is a summary of: Forensic Accounting and the Law: The Forensic Accountant in the Capacity of an Expert Witness, SSRN Electronic Journal, Social Science Electronic Publishing,
DOI: 10.2139/ssrn.2026071.
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