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Literature Review: Forensic Accountants as Reactive and Proactive

Introduction

It has been observed that the dramatic environment of forensic accountants in the market for organizations is emerging because the technological development influences the filing of financial statements, new services for the accountants to be involved in, and the need for specialized online database research skills. Due to such changing environments, organizations are required to consider the development of essential skills within their employees and accountants.  Assignment writing service turns out to be a great help in conducting a research on the topic. Therefore, the paper aims to investigate literature review, which is conducted to acquire the knowledge presented by the researchers and scholars, considering their particular field of research. The paper is investigating the forensic accountant role as reactive and proactive in the markets. Moreover, interesting facts are found throughout the process of the making of the literature review, which serves in understanding the position of these accountants in reactive and proactive manners.  

Forensic Accountants are Proactive in Markets

It has been identified by Bawaneh (2011, p.75) that the forensic accountants are hired mostly by organizations as a consultant before the occurrence and emergence of fraud. Considering this context of forensic accountants in market, it can be said that they proactively provide help to organizations for saving their time and reputation (Bawaneh, 2011, p.77). Like online  custom essay help can be benificial for learners to save their time. Through this strategy, it is known that the forensic accountants can perform different roles proactively within market, which specifically include teaching prevention and detection strategies to employees, and establishing customer service care centers for the organizations or employees to report any suspected fraud anonymously (Peden, 2011, p.80).

According to Bartley (2002, p.A19), Crumbley and Apostolou (2005, pp.38-44), and Carpenter et al (2011, pp.1-21), the proactive strategy for organizations encompasses the finding of an environment where the constituents will support the practice in its original form. For the realistic authentic promoters of the practice must identify and attract elements with the valuation of type of exchanges provided by the practical implementation. Organizations having experts to provide  homework help are also supporting educators well. It is observed that most organizations have realized that the practical authenticity can be approached by the hiring co-option targets credible to the key elements (Heitger& Heitger, 2008, pp.561-72). Similarly, Hao (2010, pp.185-87), and Seda& Kramer (2009, pp.23-50) cognitive legitimacy encompasses the gaining of explicit certification for the practice and the organization was found to be considered as proactive. It can be said that the value adding management role implies a change in approach towards the broader role for the management to promote the use of management accounting in proactive manner (Young, 2008, pp.593-99).

 

It has been found that the forensic accountants are proactive in markets with the investigative accounting because this approach is skeptical for examining the financial records of organization in comparison to an external auditor (Digabriele, 2008, pp.331-34). Experts provide well approached writing papers to  help with dissertation. The forensic accountants make no assumption of management integrity and reflect less concern towards the mathematical accuracy with the Accounting and Assurance Standards because they are more interested in revealing any probability and likelihood of fraud (Bawaneh, 2011, pp.81-86). It can be said that the forensic accountants are playing significant roles towards proactive risk reduction by designing and implementing procedures as the part of statutory audit, and assisting in investment analyst research (Bressler, 2011, pp.67-70).

According to DiGabriele (2010, pp.49-56), the proactive strategy is being considered as the sending of consumer service coordinator out to the premises of the consumer for collecting the missing information. This strategy is being implemented by organizations successfully and thus it uses this strategy in obtaining the services of forensic accountants (Kleinman& Anandarajan, 2011, pp.37-49). Academic helpers provide strategic  thesis writing service. In this context, the proactive accountants for the organization are found with advices for the consumers in writing the scope and price of the project before its initiation. The proactive accountants further consistently run the client advisory boards where the client’s advice on things they have been searching for and the improvements they have observed (Renick, 2007, pp.62-65). It has been highlighted by DiGabriele (2010, pp.57-60) that the proactive approach that is implemented by the forensic accountants of the organization is preventive in nature because they work closely with the organization under consideration so as to maintain the successful strategies.

 

It has been highlighted in this section that the proactive approach of forensic accountants is preventive and it specifically involves a review of internal controls along with the identity of areas that are most subjected to fraud. It can be asserted by Peden (2011, p.81) that the forensic accountant are tended to be more proactive in searching evidences, which substantiates the information and due to which it becomes more skeptical as compared to the auditors. It further implies that the forensic accountants require certain type of substantiated information from different sources. To obtain academic growth, learners get help from  term paper writer online.  In other words, it can be said that the forensic accountants use their expertise in assessing the compliance and risks as a proactive measure against misconduct (Bressler, 2011, pp.71-77). According to Bawaneh (2011, pp.78-80), the proactive fraud accountants are also found with the association with IT governance because it includes preventive measures against fraud, which includes consistent auditing. Digabriele (2008, pp.335-38) identified that the forensic accountants are apt to depend on non-financial data and information mostly for evaluating the data captured within the financial books and records of organization.     

It can be said that the proactive forensic accountants manage the operations to flow on the terms of organizations. The forensic accountants using this approach consistently promote their services to their consumers by a massive amount of marketing strategies (Gray, 2011, pp.70-71). Kranacher et al. (2010, p.37) have identified that the proactive accountants are found with the ways to educate the consumers for using the appropriate Accounting software. Online writing companies playing significant role in helping learners that's why they ask them to  write my coursework. Furthermore, Silverstone and Sheetz (2011) argued that this strategy used by the forensic accountants offer various benefits for the organizations because the need for proactive monitoring is increased for the increasing signs of financial risks and crises.  It can be said that the forensic accountant react to the fraud complaints and the rumors that attracted the focus of authorities. Thus, it is asserted that the forensic accountants using the proactive approach play significant role in investigating the witnesses and fraud investigations with the organizations (Weirich et al., 2010, pp.56-89).

Forensic Accountants are Reactive in Markets

According to Bagranoff et al. (2010, pp.65-98), and Christensen et al. (2005, pp.69-75) reactive accountants are intended to perform under Government mandates by complying with the tax and audits on annual basis. They further advise additional matters only on the initiation of request for more assistants because they believe in time as money. Educators of this era prefer to  buy reserach paper just to save their time and of course money. It is identified that the reactive accountants are only being called when the issue arises and the respective group or team from the organization visits them when needed (Fiore et al., 2005, pp.669-95). Organizations are not intended to gain services from the reactive accountants because they do not understand the situation and business. However, like proactive accountants, the reactive accountants possess the ability to identify the fraud indicators. Therefore, they are trained in the areas of investigation, detection, and different specific auditing techniques (Hochbert, 2006, pp.53-56). It has been suggested by Harris and Brown (2000, pp.6-8) that a forensic reactive accountant is required to possess capability of demonstrating specialized skills in rules of evidence and the law, analytical and investigative skills, extraordinary interpersonal and communication skills, and outstanding organizational skills. Furthermore, it has been revealed by Buckhoff and Kramer (2005, pp.46-50) that the fraud reactive investigator should be asking the right questions and well versed in Accounting Information System. 

Generally the forensic accounting is confused with the traditional practice of auditing; however, it certainly a different manner of accounting. According to Singleton and Singleton (2010, p.65), a forensic accountant locates the frauds existing in the financial statements of the organizations, regardless of the limitations of creating annual reports, as observed in auditing. Helping students with  report writing service is remarkable step of experts. Understanding the position of forensic accountants in the market, Manning (2010, p.97) has found that forensic accountants are mostly reactive in nature rather than proactive, because in proactive measure of the accounting audit is carried out on annual basis. Therefore, in order to analyze with their views, it can be evaluated that the forensic accountants are more reactive in markets, due to being independent of certain restraints.   

 

Another relationship between forensic accountants reactive nature of accounting was put forwarded by Golden and Skalak (2011, p.107) in a way that, forensic accountants can be appointed in public practice or can be hired by insurance companies, police forces, banks and governmental agencies, in order to keep them as a locator of any fraud existing in an entity’s financial statement. Gethelp with case study by experienced writing company. Therefore, it has been evaluated by using the approach that this nature of the forensic accountants demonstrates a reactive body in the market, which ensures their required position in the current scenario.

However, Kranacher (2010, p.225) said that forensic investigation holds both of the perspective of proactive and reactive and reactive investigation happens when there is a reason to suppose fraud or a significant loss, which can provide a required evidence for the possibility of fraud. Moreover, McNair (1989, p.67) said that the reactive accounting surrounds the clients, who are only aware of the services, but not with the team working behind the services. By getting  project writing service learners can achieve good grades. Therefore, it can be said that this nature of the reactive accounting is revolving around the forensic accountants, who are truly found investigating the financial statement, without disclosing their tools and team behind investigation processes.

 

Telper& Mostek (2003, p.78) came up with an opinion that a forensic accountant is such an individual, who utilizes the principles of the accounting along with involving the certain theories and principles to link them to the legal dispute. Additionally, another view of DiGabriele (2005, p.89) came forward in this manner satisfying the issue that the forensic accountants are reactive in markets in a manner that, these accountants meld the skills of an investigator with the skills of an accountant, in order to see through the numbers and financial statements. Therefore, if the nature of the forensic accountants and reactive element is judged under same parameters, the relation comes up stronger than any other components existing within accounting. 

According to a survey conducted by Pacini and Barker (2010, pp.60-63), the skills of writing within the reactive accountants are among the most important attributes considered in recruiting procedure. Organizations should consider these skills in case of reactive accountants in the market for the resolution of their issues in the organization. The technological advancements within the organizations has been a positive force in business but it also possess a downside risk (Buckhoff et al., 2010, pp.29-33). It has been highlighted by Yormark (2004, pp.64-67), Wells (2005, pp.82-85), and Wolfe and Hermanson (2004, pp.38-42) that the reason behind the downfall risk is that the organizations relies on the information technology for providing the timely information, which is supposed to be use in making critical decisions for the business. The reactive accountants available in the market provide their valuable services to the organizations in a complex, expanding, and consistently changing line of work (Freedman, 2008, pp.5-5). These types of accountants are required to learn about rethinking, to grasp the life-long learning skills so as to think critically, and implement the concepts along with the principles to specific issues of organizations (Regan& Ebersbacher, 2008, pp.17-17).     

Conclusion

As observed in the above discussion, the fraud is the most risky situation for the organizations to face within the market and society. The fraud investigation using reactive or proactive approach is unique and requires critical thinking strategies to proceed successfully. The importance of the forensic accountants for organizations is increasingly for detecting the fraud in industries with consistent growth (Stimpson, 2007, pp.18-24). It can be concluded that the forensic accountants can be proactive and reactive in nature for providing the prevention and reasons of potential frauds before their occurrence. The proactive and reactive approaches of forensic accountants are valuable in organizational perspectives because they provide assistance and help in examining the internal controls (Girgenti& Cohen, 2005, pp.26-27). For implementing both approaches, the forensic accountants utilize different tactics for gathering evidences to determine the occurrence of fraud. It can also be concluded that the role of forensic accountants is different in nature as compared to auditors, and other accountants.  

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