FIN711 Assignment 1 Solution and Discussion

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SEMESTER FALL 2019
ADVANCED FINANCIAL ACCOUNTING (FIN711)
ASSIGNMENT NO. 01
DUE DATE: 23rd January, 2019 MARKS: 15
Read the research article named “The Role of Forensic Accounting in Solving the Vexed Problem of Corporate World” uploaded in the “Download” section on VULMS of this course and answer the following questions.

1. A forensic accountant have to wear different hats. Along working with numbers, they
   have to act as an invigilator that should possess the ability to think out of the box.
   Mention the perquisites and characteristics that a forensic accountant must possess. Answer should not exceed 350 words. (5 Marks)
2. Explain any six possible challenges that you being a forensic accountant (subject to external audit of a corporation) might have to face.
   Answer should not exceed 400 words. (6 Marks)
3. Mention any two recent examples from the corporate world where fraudulent
   activities hampered the corporations’ repute and have fabricated their records. Answer should not exceed 350 words. (4 Marks)
   Important:
   24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
   Important Instructions/ Solution Guidelines/ Special Instructions
   DO YOUR WORK CLEAN & COMPLETE

Other Important Instructions:
Deadline:
 MakesuretouploadthesolutionfilebeforetheduedateonVULMS.  Anysubmissionmadeviaemailaftertheduedatewillnotbeaccepted.
Formatting Guidelines:
 Usethefontstyle“TimesNewRoman”or“Arial”andfontsize“12”.  ItisadvisedtocomposeyourdocumentinMS-Wordformat.
 YoumayalsocomposeyourassignmentinOpenOfficeformat.
 Useblackandbluefontcolorsonly.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various websites containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html
Rules for Marking:
Please note that your assignment will not be graded or graded as Zero (0), if:
 Itissubmittedaftertheduedate.
 Thefileyouuploadeddoesnotopenoriscorrupt.
 It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint,
PDF etc.
 Itischeatedorcopiedfromotherstudents,internet,books,journalsetc.
Note related to load shedding: Please be proactive
Dear students!
As you know that Post Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date.