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Importance of Forensic Accounting in Countries of Business Opacity: A Means to End Fraud
        witnesses. The forensic accountant may also review damaged reports and state
        whether the report was put together accurately and supports the case.



        Government agencies like the FBI, the Internal Revenue Service, and the Bureau of

        Alcohol, Tobacco and Firearms have forensic accountants to investigate everything
        from money laundering and identity-theft-related fraud to arson for profit and tax

 D      evasion. Law firms often use forensic accountants to help divorcees uncover their

 E      exes’ hidden assets.
 C

 E      Conclusion
 P
 T      This article deals with the importance of having an investigative system that would

 I      limit the frequent financial frauds and business opacity taking place worldwide.
 O      In this context, forensic accounting has been presented as a tool to inhibit the

 N      prevailing frauds, money laundry and theft. However, to the reap better results
        forensic accounting must be properly diffused and implemented with a great
        emphasis on enhancing public (cultural) awareness, attributing a major role to

        managements, education and governments/legislation.



        For instance, the public may be unaware of the significance of forensic accounting
        and may lack the needed knowledge for implementing it in investigative matters.
        Thus, the need to incorporate forensic accounting in the culture of financially

        corrupted countries in order to create awareness of forensic accounting as an
        anti-fraud tool and the means of implementing it in the investigation of financial

        statements. This step can be handled by government and legislation as primary
        facilitators.



        Furthermore, the importance of adopting forensic accounting in the universities’
        accounting curriculum is highlighted especially that the demand for it is increasing

        gradually. Such adoption has a huge potential to enhance students’ skills and
        competencies and could be used as a veritable resource from which fraud could be
        mitigated. Fresh graduates can as well attain a diploma in Investigative & Forensic

        Accounting (DIFA) program that provides a broad range of knowledge and skills to
        carry out financial investigations.



        As for managements, there is a need to develop a proper corporate governance and

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