Fraud and foreanic accounting

 

Following the completion of the investigation of a potential fraud case, you are informed by your manager that the case will be brought to trial. As part of the litigation process, you will be asked to serve as an expert witness, with the results of your analysis included in the court case as evidence. Assuming that this will be your first time serving in this role, research the following questions and develop a post summarizing the results of your research:

What is the role of an expert witness in a trial?
How should you prepare for your testimony?
Is it appropriate for you, as an expert witness, to provide your opinion of the situation based on your analysis?

 

Sample Solution

Fraud and forensic accounting

By definition, an expert is someone who – by reason of his/her education, training, skill or experience – has specialist knowledge of a particular field or discipline beyond that of a layman, such that other people may rely on his/her opinion about issues within his/her area of expertise. Essentially, expert evidence is opinion evidence or, the opinion of the expert. The primary function of the expert witness is to assist the court in reaching its decision by providing independent expert/technical analysis and opinion on an issue(s), based on the information provided by those instructing him. the expert evidence should provide as much detail as is necessary to convince the judge that the expert`s opinions are well founded. Expert evidence should be independent, objective and unbiased.

adership in organization is a very important trend as the leader has a large amount of responsibility to lead the direction and build good organizational culture that expressed the behaviors, rules and values critical to the attainment of an organization’s mission and strategies. Leaders who carry good leadership characteristics will benefit the organization and become an icon within the team.

Tony Fernandes is a CEO of AirAsia. His leadership style is not very clear as sometimes we see him as an autocratic leader. For example, he wanted to install the mechanism for the handicap people at zero cost. He did not make any discussion with anyone. Thus, he adopts a ‘walk around’ management style. Tony Fernandes said “If you sit up in your ivory tower and just look at financial reports, you’re going to make some big mistakes.” Thus, Fernandes believes that employees come first before his customers. He also says that “employees come number one, customers come number two’. He thinks if you have a happy workforce they’ll look after your customers anyway. Otherwise, he also considered as a democratic leader. While once he said during an interview: “We have grown AirAsia together, with everybody pitching in with ideas, actively finding new ways to increase efficiency, improve services by effectively combining technology and the personal touch, and aggressively and smartly marketing our brand,”. Tony also is a situational leader. He makes decision based on the urgent state of that current moment. It may not be something which he likes but he makes the decision because the situation forces him to train his leadership behavior. He is also work as charismatic CEO. His favorite phrase is ‘better value’. If Tony becomes possible to own the concept outright then he wants it.

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