Abstract

http://ssrn.com/abstract=2029729
 


 



A Comparison of Forensic Accounting Corporations in the United States


Wm. Dennis Huber


Capella University

2011

Journal of Accounting, Ethics & Public Policy, Vol. 12, No. 3, 2011

Abstract:     
To call entities that issue certifications in forensic accounting “organizations” camouflages their true nature and results in misunderstanding what they really are. They are corporations. Recognizing them as corporations enables forensic accountants who hold their certifications to assess more realistically the costs and benefits of their certifications. A survey reveals that a significant number of forensic accountants believe it is important for forensic accounting corporations to have qualified officers and directors. There are also a significant number who mistakenly believe that the forensic accounting corporations that issued their certifications have qualified officers and directors. However, several forensic accounting corporations do not have qualified officers and directors. Forensic accountants also believe forensic accounting corporations have a duty to disclose the qualifications of their officers and directors but several do not disclose the qualifications of their officers and directors which violates their Codes of Ethics. This paper presents for the first time an in-depth comparison of forensic accounting corporations, their corporate history and the qualifications of their corporate directors and officers. The paper concludes with a recommendation for an independent agency to be established to oversee and accredit forensic accounting corporations. As a matter of public policy regulators cannot let this situation continue unabated. If an independent agency cannot be established, then, as a matter of public policy, states should enact statutes or adopt regulations to regulate forensic accounting corporations.

Number of Pages in PDF File: 39

Keywords: forensic accounting, certification, forensic accounting corporations

JEL Classification: G18, G38, J44, K14, K22, K42, L84, L86, M41

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Date posted: March 28, 2012  

Suggested Citation

Huber, Wm. Dennis, A Comparison of Forensic Accounting Corporations in the United States (2011). Journal of Accounting, Ethics & Public Policy, Vol. 12, No. 3, 2011. Available at SSRN: http://ssrn.com/abstract=2029729

Contact Information

Wm. Dennis Huber (Contact Author)
Capella University ( email )
225 South 6th Street, 9th Floor
Minneapolis, MN 55402
United States
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