Best Practices in Conducting Financial Investigations in a Cashed-Based Economy & Tax Implications
22 Pages Posted: 12 Jun 2014
Date Written: June 10, 2014
This paper seeks to address the challenges of tracking money sources in a Cashed-Based Economy by considering the best practices in conducting financial investigations in this area and Money Laundering, using forensic accounting techniques. Answers were provided to the following fundamental questions; what to when accurate data are missing, incomplete or unreliable; how to ensure that employees’ personal safety is not at risk; how to check the accuracy of information using the concept of fraud, fraud triangle and the triangle of fraud action within the concept of forensic accounting techniques. This paper also revealed the behavior that the forensic accountants and investigators must displayed in court when defending his/her report.
Keywords: Data, Fraud Triangle, Forensic Accounting, Money Laundering, Cash-Based Economy
JEL Classification: M41, M47, M49
Suggested Citation: Suggested Citation