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Forensic Accounting: Time for a Unified Global Approach

Author

Listed:
  • Winfield Joanne

    (1 College of Business, Technology and Engineering, Sheffield Hallam University)

  • Roberts Martin

    (2 College of Business, Technology and Engineering, Sheffield Hallam University)

Abstract

Forensic accountants need to respond to the ever-growing global threat of financial crime and the continuing need for expertise within the area of financial dispute work. The global development of forensic accounting as a discipline has been ad hoc, and this paper will focus on the two most developed nations regarding the expansion of forensic accounting i.e., the USA and the UK. From this study two major themes have emerged: that of the status of the regulation and education of forensic accountants within the USA and the UK and we ultimately call for radical reform in both areas. Currently there is no recognised regulatory body which encompasses all aspects of a forensic accountant’s role, thus there is no standard code of ethics which practicing forensic accountants are obliged to follow. In addition, the absence of a recognised educational route to becoming a forensic accountant has resulted in a lack of awareness of the role as a potential career path and makes succession planning within forensic accounting firms problematic.

Suggested Citation

  • Winfield Joanne & Roberts Martin, 2023. "Forensic Accounting: Time for a Unified Global Approach," Journal of Forensic Accounting Profession, Sciendo, vol. 3(1), pages 38-56, June.
    • Handle: RePEc:vrs:jfaccp:v:3:y:2023:i:1:p:38-56:n:4
    DOI: 10.2478/jfap-2023-0002
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    References listed on IDEAS

    as
    1. Kay C. Carnes & Norman J. Gierlasinski, 2001. "Forensic accounting skills: will supply finally catch up to demand?," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 16(6), pages 378-382, August.
    2. Hendi Yogi Prabowo, 2013. "Better, faster, smarter: developing a blueprint for creating forensic accountants," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 16(4), pages 353-378, October.
    3. repec:eme:maj000:02686900110395514 is not listed on IDEAS
    4. Huber, Wm. Dennis, 2013. "Should the forensic accounting profession be regulated?," Research in Accounting Regulation, Elsevier, vol. 25(1), pages 123-132.
    Full references (including those not matched with items on IDEAS)

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