Answered: Audit, Fraud, Or Forensic Accounting…

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter6: Professional Roles

Section6.4: Tommy O’connell, Audit Senior

Problem 2Q

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Question

Audit, Fraud, Or Forensic Accounting

Introduce yourself to your peers by sharing something unique about your background. Explain how you expect this course will help you move forward in your current or future career.

This course covers forensic accounting, so it's important to establish the differences between an audit, a fraud examination, and a forensic accounting engagement. Think about the fraud conviction of Elizabeth Holmes, as described in the video, "Elizabeth Holmes Found Guilty in Theranos Fraud Trial."

Then respond to the following:

Imagine you are assigned to the Theranos case.
Write the first five questions you would ask if you were an auditor, the first five questions as a fraud examiner, and the first five as a forensic accountant.
After your questions, explain why the questions and approaches are different among the three roles.

Be sure to respond to at least one of your classmates' posts.

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