This course dedicates considerable effort to discuss and review types of frauds etc.Generally, we do not discuss what is necessary to operate a fraud prevention or forensic accounting practice.

The tools & techniques we reviewed can be used in the government or private sector.However, malpractice concerns are relevant in the private sector and can destroy your practice if handled incorrectly.

For example - you are a practitioner and have identified a suspect in embezzlement in the firm of your client.The client does not want to prosecute.What should you do?Unless the circumstances involve federal funds, or a grant with specific reporting requirements, you are not obligated to report the allegations to the authorities.You must remember that you have a contractual (and ethical) relationship with the client and you may find yourself in a lawsuit if you reveal any information to third parties.This approach may not appear to make sense to many of you because the purpose of the investigation is to catch and prosecute a criminal.In practice however; many organizations do not want the publicity associated with a prosecution.Also, many District Attorneys establish minimum dollar thresholds before they will prosecute a case.

Question:Are you prepared to function in this environment?