Article Review Essay Example | Topics and Well Written Essays - 750 words - 2

Article Review - Essay Example Importance of forensic accounting is unquestionable because whenever the company suspects any form of fraud or misuse of fund, they rely on forensic accounting for conduction investigation and to find out the root cause behind the problem. So forensic accounting is one of the most relied tools that help in determining and also in controlling the problem. Forensic accounting follows certain well planed procedure to carryout the whole process of detection. At first the business structure has to be identified, and then an in-depth analysis has to be conducted for all companys date records. Such scrutinizing provides clues through with prevailing fraud and misconduct can be identified. This procedure also identifies any kind of irregularity related to assets and hence indicates fraud. The procedure of forensic accounting is efficient in conserving companys precious time and time and money. This technique it often used by strategists in identifying and preventing fraud or misuse of compan ys fund which may hamper the business. Many researchers have argued that the technique of fraud accounting is highly efficient in managing civil dispute that includes: Forensic accounting can provide assistance in probate cases, this technique is efficient in handling dispute that arise due to cases of over valuation or the cases of property division in between estates heirs. Forensic accountants are the experts which deal in disputes related to legal property problems. These experts are equipped with knowledge in the field of accountancy, auditing, evidence gathering, interviews, financial reporting system, and all other developments which are taking place in national as well international accounting sector. The forensic accountants are well trained for legal procedures and other court formalities. Forensic accounting is often used to get the true and Article review Essay Example | Topics and Well Written Essays - 1250 words - 1 Article review - Essay Example Shah notes in the article that the global financial crisis started in 2007; Shah also notes that the global financial crisis led to the closure of many financial institutions around the world (Shah, 2013). According to this article, following the global financial crisis, various governments had to bail out various financial institutions that were on the verge of collapse. Shah, however, notes that, although various governments bailed out various financial institutions that were at risk of closure, the problem of global financial crisis was mainly caused by the very financial institutions that sought bail out from the government. A critical view of this point by Shah shows that the financial institutions were indeed mainly to blame for the global financial crisis. This is because the lax lending standards of many financial institutions made many people unable to access loans and mortgages, leading to serious financial crisis. Fratianni and Marchionne support this view in their article â€Å"The Role of Banks in the Subprime Financial Crisis†. According to the two authors, it is the exorbitant lending rates of many financial institutions that mainly caused the global financial cr ises, besides the imbalances in international trade (Ratianni $ Marchionne, 2009). In this article, Shah claims that the global financial crisis did not affect the financial institutions only or only the rich nations, but it affected all individuals of every nation. This is because, according to Shah, the effects of global financial crisis trickle down to all people and affect individual’s livelihood. One of the main arguments advanced in this article is that, the financial crisis could have been avoided if financial institutions had adopted the current economic models. According to Shah, the global financial crisis has been caused by people’s negligence, especially the government failure to effectively control financial institutions. Shah argues in the article that states have